REG - Auction Technology - Director/PDMR Shareholding

Auction TechnologyAnnouncement

06/10/2021 14:50

RNS Number : 2463O
  
Auction Technology Group PLC
  
06 October 2021
  
 

6 October 2021
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility ("PDMRs")
The Company announces that the following awards over ordinary shares in the capital of the Company have been granted to Phil Michaelson following completion of the acquisition of Platinum Parent, Inc. on 1 October 2021 (the "Acquisition").  
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
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


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


Grant of Options in exchange for options held over shares in Platinum Parent, Inc. pursuant to the terms of the Acquisition
 




c)


Price(s) and volume(s)
 
 





Price(s)


Volume(s)




186p per share


788,517


















d)


Aggregated information
-     Aggregated volume
-     Price





Aggregated Price


Aggregated Volume


Total Aggregate Volume 




n/a


n/a


n/a








e)


Date of the transaction


1 October 2021




f)


Place of the transaction


Outside of a trading venue



 
 



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


Grant of Restricted Stock Units pursuant to the terms of the Acquisition
 




c)


Price(s) and volume(s)
 
 





Price(s)


Volume(s)




Nil


635,018


















d)


Aggregated information
-     Aggregated volume
-     Price





Aggregate Price


Aggregate Volume


Total Aggregate Volume




n/a


n/a


n/a








e)


Date of the transaction


1 October 2021




f)


Place of the transaction


Outside of a trading venue



 



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


Grant of Restricted Stock Units pursuant to the Company's Long Term Incentive Plan 
 




c)


Price(s) and volume(s)
 
 





Price(s)


Volume(s)




Nil


126,625


















d)


Aggregated information
-     Aggregated volume
-     Price





Aggregate Price


Aggregate Volume


Total Aggregate Volume




n/a


n/a


n/a








e)


Date of the transaction


1 October 2021




f)


Place of the transaction


Outside of a trading venue



 



Tulchan Communications

(Public relations advisor to ATG)


+44 207 353 4200
ATG@tulchangroup.com




Tom Murray, Sunni Chauhan, Matt Low, Laura Marshall



 








ATG








For investor enquiries
For media enquiries
 
 


investorrelations@auctiontechnologygroup.com
press@auctiontechnologygroup.com



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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DSHFLFSVIRLRIIL