REG - Auction Technology - Director/PDMR Shareholding

Auction TechnologyAnnouncement

15/12/2022 13:00

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RNS Number : 8776J  Auction Technology Group PLC  15 December 2022

15 December 2022

Auction Technology Group plc (the "Company")

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

The Company announces that on 15 December 2022 the following awards over
ordinary shares in the capital of the Company were granted to the following
PDMRs pursuant to the Company's share incentive plans (together the "Awards").

 PDMR              Share Plan                Award            Number of Shares
 John-Paul Savant  Long Term Incentive Plan  Nil-Cost Option  88,589
 Tom Hargreaves    Long Term Incentive Plan  Nil-Cost Option  67,745

 

The Awards will vest on the third anniversary of the date of grant, subject to
continuing employment and the satisfaction of the following performance
condition measured over three financial years ending on 30 September 2025:

 

 Performance level  Level of vesting  Adjusted diluted EPS growth per annum (% CAGR)
 Below "threshold"  0%                Below 5%
 "Threshold"        25%               5%
 "Stretch"          100%              17%

        With straight-line vesting in between the above points.

 

The relevant notifications set out below in relation to the Awards are
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)

 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                                                         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                                    Grant of Nil-Cost Option under the Company's Long Term Incentive Plan

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

                                                            Nil       88,589

 d)   Aggregated information                                       Aggregated Price  Aggregated Volume  Total Aggregate Volume

                                                            Nil               88,589             88,589
      -     Aggregated volume

      -     Price
 e)   Date of the transaction                                      15 December 2022
 f)   Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

 Aggregated Price  Aggregated Volume  Total Aggregate Volume
 Nil               88,589             88,589

e)

Date of the transaction

15 December 2022

f)

Place of the transaction

Outside of a trading venue

 

 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                                    Grant of Nil-Cost Option under the Company's Long Term Incentive Plan

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

                                                            Nil       67,745

 d)   Aggregated information                                       Aggregated Price  Aggregated Volume  Total Aggregate Volume

                                                            Nil               67,745             67,745
      -     Aggregated volume

      -     Price
 e)   Date of the transaction                                      15 December 2022
 f)   Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

 Aggregated Price  Aggregated Volume  Total Aggregate Volume
 Nil               67,745             67,745

e)

Date of the transaction

15 December 2022

f)

Place of the transaction

Outside of a trading venue

 

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