REG - Auction Technology - Director/PDMR Shareholding

Auction TechnologyAnnouncement

06/06/2023 13:15

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RNS Number : 8390B  Auction Technology Group PLC  06 June 2023

6 June 2023

Auction Technology Group plc (the "Company")

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

The Company announces that on 1 June 2023, PDMR Phil Michaelson exercised
100,000 nil cost options granted under the Company's Long Term Incentive
Scheme in October 2021 and subsequently sold 150,000 ordinary shares of 0.01
pence on the same date.

Details of the transaction are set out in the PDMR Notification Dealing Form
below.

For further information, please contact:

     ATG
     For investor enquiries                  rebeccaedelman@auctiontechnologygroup.com
                                             (mailto:rebeccaedelman@auctiontechnologygroup.com)
     For media enquiries                     press@auctiontechnologygroup.com (mailto:press@auctiontechnologygroup.com)

     Teneo Communications                    +44 207 353 4200
     (Public relations advisor to ATG)       ATG@teneo.com (mailto:ATG@teneo.com)
     Tom Murray, Matt Low, Arthur Rogers

 

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 3,800 trusted auction houses
across two major sectors: Industrial & Commercial ("I&C") and Art
& Antiques ("A&A").

 

The Group powers eight online marketplaces and listing sites 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                                                         Phil Michaelson
 2    Reason for Notification
 a)   Position/status                                              Chief Executive Officer of LiveAuctioneers 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 exercise of options under the Company's
                                                                   Long Term Incentive Scheme

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

                                                            Nil       100,000

 d)   Aggregated information                                       Aggregated Price  Aggregated Volume  Total Aggregate Volume

                                                            Nil               100,000            100,000
      -     Aggregated volume

      -     Price
 e)   Date of the transaction                                      1 June 2023
 f)   Place of the transaction                                     London Stock Exchange

d)

Aggregated information

-     Aggregated volume

-     Price

 Aggregated Price  Aggregated Volume  Total Aggregate Volume
 Nil               100,000            100,000

e)

Date of the transaction

1 June 2023

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 LiveAuctioneers 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)

                                                            746p      150,000

 d)   Aggregated information                                       Aggregated Price  Aggregated Volume  Total Aggregate Volume

                                                            746p              150,000            150,000
      -     Aggregated volume

      -     Price
 e)   Date of the transaction                                      1 June 2023
 f)   Place of the transaction                                     London Stock Exchange

d)

Aggregated information

-     Aggregated volume

-     Price

 Aggregated Price  Aggregated Volume  Total Aggregate Volume
 746p              150,000            150,000

e)

Date of the transaction

1 June 2023

f)

Place of the transaction

London Stock Exchange

 

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