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RNS Number : 5075W Auction Technology Group PLC 12 December 2023
12 December 2023
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility
("PDMRs")
The Company announces that on 8 December 2023 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 161,667
Tom Hargreaves Long Term Incentive Plan Nil-Cost Option 138,333
Jeremy Stewart Long Term Incentive Plan Nil-Cost Option 54,826
Richard Lewis Long Term Incentive Plan Nil-Cost Option 33,100
The Awards to the Executive Directors (John-Paul Savant and Tom Hargreaves)
are based on an award multiple of 200% of basic salary, as agreed by the
Remuneration Committee (the "Committee"). The Awards will vest subject to the
achievement of performance conditions over the three-year period ending 30
September 2026 and will be subject to the usual two-year post-vesting holding
period. Full details of the Awards, including the performance targets, are
disclosed in the Directors' Remuneration Report ("DRR") in the FY2023 Annual
Report to be published on 14 December 2023.
Since approval of the DRR, the Committee has decided that, in recognition of
the current share price level, the Awards should be granted by reference to a
share price of £6.00, this being equivalent to the original offer price at
the time of Admission in February 2021. The number of shares comprising each
Award is therefore significantly lower than would have resulted from the
normal approach of using the 5-day average share price following the
announcement of the Company's preliminary results for the financial year ended
30 September 2023 (£4.958).
Enquiries
Teneo Communications (public relations advisor to ATG)
Tom Murray, Matt Low, Arthur Rogers
+44 207 353 4200 ATG@teneo.com (mailto:ATG@teneo.com)
ATG
For investor enquiries investorrelations@auctiontechnologygroup.com
(mailto:investorrelations@auctiontechnologygroup.com)
For media enquiries press@auctiontechnologygroup.com
(mailto:press@auctiontechnologygroup.com)
Company Secretary cosec@auctiontechnologygroup.com
(mailto:cosec@auctiontechnologygroup.com)
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.
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 161,667
d) Aggregated information Aggregated Price Aggregated Volume Total Aggregate Volume
Nil 161,667 161,667
- Aggregated volume
- Price
e) Date of the transaction 8 December 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Aggregated Price Aggregated Volume Total Aggregate Volume
Nil 161,667 161,667
e)
Date of the transaction
8 December 2023
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 138,333
d) Aggregated information Aggregated Price Aggregated Volume Total Aggregate Volume
Nil 138,333 138,333
- Aggregated volume
- Price
e) Date of the transaction 8 December 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Aggregated Price Aggregated Volume Total Aggregate Volume
Nil 138,333 138,333
e)
Date of the transaction
8 December 2023
f)
Place of the transaction
Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jeremy Stewart
2 Reason for Notification
a) Position/status President of 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 Grant of Nil-Cost Option under the Company's Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 54,826
d) Aggregated information Aggregate Price Aggregate Volume Total Aggregate Volume
Nil 54,826 54,826
- Aggregated volume
- Price
e) Date of the transaction 8 December 2023
f) Place of the transaction Outside of trading venue.
d)
Aggregated information
- Aggregated volume
- Price
Aggregate Price Aggregate Volume Total Aggregate Volume
Nil 54,826 54,826
e)
Date of the transaction
8 December 2023
f)
Place of the transaction
Outside of trading venue.
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 Grant of Nil-Cost Option under the Company's Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 33,100
d) Aggregated information Aggregate Price Aggregate Volume Total Aggregate Volume
Nil 33,100 33,100
- Aggregated volume
- Price
e) Date of the transaction 8 December 2023
f) Place of the transaction Outside of trading venue.
d)
Aggregated information
- Aggregated volume
- Price
Aggregate Price Aggregate Volume Total Aggregate Volume
Nil 33,100 33,100
e)
Date of the transaction
8 December 2023
f)
Place of the transaction
Outside of trading venue.
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