REG - Auction Technology - Director/PDMR Shareholding
23/05/2022 11:00
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RNS Number : 4301M Auction Technology Group PLC 23 May 2022
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
b) Nature of the transaction Disposal
c) Price(s) and volume(s) Price(s) Volume(s)
875p 150,000
d) Aggregated information Aggregated Price Aggregated Volume Total Aggregate Volume
875p 150,000 150,000
- Aggregated volume
- Price
e) Date of the transaction 20 May 2022
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Aggregated Price Aggregated Volume Total Aggregate Volume
875p 150,000 150,000
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
b) Nature of the transaction Disposal
c) Price(s) and volume(s) Price(s) Volume(s)
875p 296,437
d) Aggregated information Aggregated Price Aggregated Volume Total Aggregate Volume
875p 296,437 296,437
- Aggregated volume
- Price
e) Date of the transaction 20 May 2022
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Aggregated Price Aggregated Volume Total Aggregate Volume
875p 296,437 296,437
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) Price(s) Volume(s)
875p 450,000
d) Aggregated information Aggregated Price Aggregated Volume Total Aggregate Volume
875p 450,000 450,000
- Aggregated volume
- Price
e) Date of the transaction 20 May 2022
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Aggregated Price Aggregated Volume Total Aggregate Volume
875p 450,000 450,000
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) Price(s) Volume(s)
875p 30,000
d) Aggregated information Aggregated Price Aggregated Volume Total Aggregate Volume
875p 30,000 30,000
- Aggregated volume
- Price
e) Date of the transaction 20 May 2022
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Aggregated Price Aggregated Volume Total Aggregate Volume
875p 30,000 30,000
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) Price(s) Volume(s)
875p 152,825
d) Aggregated information Aggregate Price Aggregate Volume Total Aggregate Volume
875p 152,825 152,825
- Aggregated volume
- Price
e) Date of the transaction 20 May 2022
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Aggregate Price Aggregate Volume Total Aggregate Volume
875p 152,825 152,825
e)
Date of the transaction
20 May 2022
f)
Place of the transaction
London Stock Exchange
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