RNS Number : 8624O
Auction Technology Group PLC
30 June 2025
30 June 2025
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility ("PDMRs")
The Company announces that on 27 June 2025 the following awards over ordinary shares in the capital of the Company were granted to Sarah Highfield, Chief Financial Officer, pursuant to the Company's share incentive plans.
PDMR
Share Plan
Award
Number of Shares
Sarah Highfield
Long Term Incentive Plan
Nil-Cost Option
31,309
Sarah Highfield
Long-Term Incentive Plan
Nil-Cost Option
177,416
Sarah Highfield joined the Company on 15 May 2025. In accordance with the terms of the contract, a 'buyout' award of 31,309 shares was made to Ms Highfield under the LTIP to replace awards forfeited with her previous employer. Vesting of the award is subject to continued employment. Vesting will take place in equal annual tranches over three years.
The separate award of 177,416 shares represents Ms Highfield's standard FY2025 LTIP award and is based on an award multiple of 200% of basic salary, as agreed by the Remuneration Committee (the "Committee") in connection with her appointment. This 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 a two-year post-vesting holding period. The performance targets for this award are the same as those applying to the LTIP award made to the Chief Executive Officer on 20 December 2024. These targets were 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 notification set out below in relation to the awards to Sarah Highfield 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
Sarah Highfield
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
b)
Nature of the transaction
Grant of Nil-Cost Option under the Company's Long Term Incentive Plan as 'buyout' award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
31,309
d)
Aggregated information - Aggregated volume - Price
Aggregated Price
Aggregated Volume
Total Aggregate Volume
Nil
31,309
31,309
e)
Date of the transaction
27 June 2025
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Sarah Highfield
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
b)
Nature of the transaction
Grant of Nil-Cost Option under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
177,416
d)
Aggregated information - Aggregated volume - Price
Aggregated Price
Aggregated Volume
Total Aggregate Volume
Nil
177,416
177,416
e)
Date of the transaction
27 June 2025
f)
Place of the transaction
Outside of a trading venue
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