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20 Dec 2024 07:00
20 December 2024
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility ("PDMRs")
The Company announces that on 20 December 2024 the following awards over ordinary shares in the capital of the Company were granted to the following PDMRs pursuant to the Company's share incentive plans.
PDMR | Share Plan | Award | Number of Shares |
John-Paul Savant | Long Term Incentive Plan | Nil-Cost Option | 192,022 |
Jeremy Stewart | Long Term Incentive Plan | Conditional Share Award | 62,691 |
The award to the Executive Director, John-Paul Savant (the "Executive Award"), is based on an award multiple of 200% of basic salary, as agreed by the Remuneration Committee (the "Committee"). The Executive Award will vest on the third anniversary of grant subject to the achievement of performance conditions over the three-year period ending 30 September 2027 and will be subject to the usual two-year post-vesting holding period. Full details of the Executive Award, including the performance targets, are disclosed in the Directors' Remuneration Report in the FY2024 Annual Report published on 13 December 2024.
Enquiries
Teneo Communications (public relations advisor to ATG)
Tom Murray, Matt Low, Arthur Rogers
+44 207 353 4200 ATG@teneo.com
ATG
For investor enquiries investorrelations@auctiontechnologygroup.com
For media enquiries press@auctiontechnologygroup.com
Company Secretary cosec@auctiontechnologygroup.com
The relevant notifications set out below in relation to the awards to John-Paul Savant and Jeremy Stewart are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
This Announcement should be read in its entirety. In particular, you should read and understand the information provided in the "Important Notices" section below.
IMPORTANT NOTICES
This Announcement has been prepared by, and is the sole responsibility of, the Directors of Auction Technology Group plc.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | John-Paul Savant | ||||||||
2 | Reason for Notification | |||||||||
a) | Position/status | Chief Executive Officer | ||||||||
b) | Initial notification/Amendment | Initial Announcement | ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | Auction Technology Group plc | ||||||||
b) | LEI | 213800U8Q9K2XI3WRE39 | ||||||||
4A. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.01 pence each in Auction Technology Group plc | ||||||||
Identification code | GB00BMVQDZ64
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b) | Nature of the transaction | Grant of Nil-Cost Option under the Company's Long Term Incentive Plan
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c) | Price(s) and volume(s)
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 20 December 2024 | ||||||||
f) | Place of the transaction | Outside of a trading venue | ||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Jeremy Stewart | ||||||
2 | Reason for Notification | |||||||
a) | Position/status | President of North America | ||||||
b) | Initial notification/Amendment | Initial Announcement | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Auction Technology Group plc | ||||||
b) | LEI | 213800U8Q9K2XI3WRE39 | ||||||
4A. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.01 pence each in Auction Technology Group plc | ||||||
Identification code | GB00BMVQDZ64
| |||||||
b) | Nature of the transaction | Grant of Conditional Share Award under the Company's Long Term Incentive Plan | ||||||
c) | Price(s) and volume(s)
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 20 December 2024 | ||||||
f) | Place of the transaction | Outside of trading venue. | ||||||
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