REG - Auction Technology - Director/PDMR Shareholding

Auction TechnologyAnnouncement

19/01/2023 17:00

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RNS Number : 2890N  Auction Technology Group PLC  19 January 2023

19 January 2023

Auction Technology Group plc (the "Company")

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

The Company announces that on 19 January 2023, 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, the Company further announces that
on 19 January 2023, 152,389 of the RSU Shares were sold to settle Mr
Michaelson's withholding tax liability in relation to the same.

The relevant notifications set out below 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)
 Tom Murray, Matt Low, Arthur Rogers

 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           317,509
      -     Aggregated volume

      -     Price
 e)   Date of the transaction                                      19 January 2023
 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           317,509

e)

Date of the transaction

19 January 2023

f)

Place of the transaction

London Stock Exchange 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                                    Sale of shares to cover withholding tax liabilities, pursuant to the
                                                                   settlement of restricted stock units granted on 1 October 2021.

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

                                                            736.05p   152,389

 d)   Aggregated information                                       Aggregate Price  Aggregate Volume  Total Aggregate Volume

                                                            736.05p          152,389           152,389
      -     Aggregated volume

      -     Price
 e)   Date of the transaction                                      19 January 2023
 f)   Place of the transaction                                     London Stock Exchange plc

d)

Aggregated information

-     Aggregated volume

-     Price

 Aggregate Price  Aggregate Volume  Total Aggregate Volume
 736.05p          152,389           152,389

e)

Date of the transaction

19 January 2023

f)

Place of the transaction

London Stock Exchange plc

 

 

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