Last checked at 23 May 2022 11:00
23 May 2022
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility ("PDMRs")
The Company announces that on 20 May 2022, the following Directors and PDMRs disposed of interests in the Company's ordinary shares of 0.01 pence for personal financial and estate planning purposes.
The Company has agreed to temporarily release Phil Michaelson, PDMR and Chief Executive Officer of Live Auctioneers LLC from the lock-up agreement disclosed in the circular issued by the Company on 4 August 2021 in respect of the number of shares set out in the Notification Form below. Further details of the RSU Shares allotted to and sold by Mr Michaelson can be found in the RNS announcements released by the Company on 20 January 2022 and 25 January 2022.
Following the transactions detailed in the PDMR Notification Dealing forms set out further below, the Directors' and PDMRs' remaining beneficial shareholdings in the Company's ordinary shares are as follows:
John-Paul Savant | 2,573,631 |
Tom Hargreaves | 1,284,060 |
Richard Lewis | 964,117 |
Daniel Pennington | 453,931 |
Phil Michaelson | Nil |
Details of the transactions are set out in the PDMR Notification Dealing Forms below.
For further information, please contact:
ATG
For investor enquiries investorrelations@auctiontechnologygroup.com
For media enquiries press@auctiontechnologygroup.com
Tulchan Communications +44 207 353 4200
(Public relations advisor to ATG) ATG@tulchangroup.com
Tom Murray, Matt Low, Laura Marshall
About Auction Technology Group plc
Auction Technology Group plc ("ATG") is the operator of the world's leading marketplaces and auction services for curated online auctions, seamlessly connecting bidders from around the world to over 3,600 trusted auction houses across two major sectors: Industrial & Commercial ("I&C") and Art & Antiques ("A&A").
The Group powers seven online marketplaces using its proprietary auction platform technology, hosting in excess of 70,000 live and timed auctions each year. ATG has been supporting the auction industry since 1971 and the Group has offices in the UK, US and Germany.
LEI 213800U8Q9K2XI3WRE39
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 | Disposal
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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 May 2022 | ||||||||
f) | Place of the transaction | London Stock Exchange | ||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Tom Hargreaves | ||||||||
2 | Reason for Notification | |||||||||
a) | Position/status | Chief Financial 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 | Disposal
| ||||||||
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 May 2022 | ||||||||
f) | Place of the transaction | London Stock Exchange | ||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Richard Lewis | ||||||
2 | Reason for Notification | |||||||
a) | Position/status | Chief Operating 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
| |||||||
b) | Nature of the transaction | Disposal
| ||||||
c) | Price(s) and volume(s)
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 20 May 2022 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Daniel Pennington | ||||||
2 | Reason for Notification | |||||||
a) | Position/status | Senior Vice-President of Sales, 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 | Disposal
| ||||||
c) | Price(s) and volume(s)
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||
e) | Date of the transaction | 20 May 2022 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Phil Michaelson | ||||||
2 | Reason for Notification | |||||||
a) | Position/status | Chief Executive Officer of Live Auctioneers LLC | ||||||
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 | Disposal
| ||||||
c) | Price(s) and volume(s)
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||
e) | Date of the transaction | 20 May 2022 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||