REG - Auction Technology - Director/PDMR Shareholding

Auction TechnologyAnnouncement

20/01/2022 10:40

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RNS Number : 1086Z  Auction Technology Group PLC  20 January 2022

20 January 2022

Auction Technology Group plc (the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibility
("PDMRs")

The Company announces that on 17 January 2022, 317,509 ordinary shares in the
capital of the Company (the "RSU Shares") were allotted and issued to Phil
Michaelson (via the trustee of the Company's employee benefit trust) to
satisfy the settlement of restricted stock units that were granted to Mr
Michaelson on 1 October 2021 (the "RSUs").

In accordance with the terms of the RSUs, a proportion of the RSU Shares have
been retained by the Company and will be sold to settle Mr Michaelson's
withholding tax liability in relation to the same.  A separate announcement
will follow on completion of the sale.

The remaining RSU Shares will be subject to a lock-in restriction until 1
October 2022.

The relevant notification set out below in relation to the RSU Shares is
provided in accordance with the requirements of Article 19 of the UK Market
Abuse Regulation.

 

 Tulchan Communications                  +44 207 353 4200

(Public relations advisor to ATG)

                                         ATG@tulchangroup.com (mailto:ATG@tulchangroup.com)
 Tom Murray, Matt Low, Laura Marshall

 ATG
 For investor enquiries                  investorrelations@auctiontechnologygroup.com

                                       (mailto:investorrelations@auctiontechnologygroup.com)
 For media enquiries

                                       press@auctiontechnologygroup.com (mailto: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.

 

 

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                                    Acquisition of shares, pursuant to the settlement of restricted stock units
                                                                   granted on 1 October 2021.

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            Nil       317,509

 d)   Aggregated information                                       Aggregate Price  Aggregate Volume  Total Aggregate Volume

                                                            Nil              317,509           N/A
      -     Aggregated volume

      -     Price
 e)   Date of the transaction                                      17 January 2022
 f)   Place of the transaction                                     London Stock Exchange plc

d)

Aggregated information

-     Aggregated volume

-     Price

 Aggregate Price  Aggregate Volume  Total Aggregate Volume
 Nil              317,509           N/A

e)

Date of the transaction

17 January 2022

f)

Place of the transaction

London Stock Exchange plc

 

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