REG - Auction Technology - Directorate Change

Auction TechnologyAnnouncement

10/10/2024 07:00

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RNS Number : 6174H  Auction Technology Group PLC  10 October 2024

10 October 2024

AUCTION TECHNOLOGY GROUP PLC

 

("ATG" or the "Company")

 

Directorate Change

 

ATG announces that Tom Hargreaves has informed the Board of his intention to
step down as Chief Financial Officer and as a Director of the Company in order
to take up a new position with a private equity-backed company.  Tom will
remain with the Company until early next year in order to ensure a smooth
transition.  The Board has initiated a search for his replacement.

 

John-Paul Savant, CEO, said:

"Tom has been with ATG for almost eight years and played a key role in the ATG
journey.  On behalf of myself and the Board I want to thank Tom for his many
contributions to ATG's success and wish him the best in the next phase of his
career."

 

Tom Hargreaves, CFO, commented:

"I'm incredibly proud of what we have achieved in the time I've been at ATG.
I'm confident that ATG is in a strong position for ongoing success and I look
forward to working with John-Paul and the Board to ensure a smooth
transition."

 

A further announcement regarding Tom Hargreaves' successor, and associated
timing of appointment, will be made in due course.

For further information please contact:

 ATG
 For investor enquiries, Rebecca Edelman  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 world-leading
marketplaces for curated online auctions, seamlessly connecting bidders from
around the world to around 4,000 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 just under 86,000 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.

 

CAUTIONARY STATEMENT The announcement may contain forward-looking statements.
These statements may relate to (i) future capital expenditures, expenses,
revenues, earnings, synergies, economic performance, indebtedness, financial
condition, dividend policy, losses or future prospects, and (ii) developments,
expansion or business and management strategies of the Company.
Forward-looking statements are identified by the use of such terms as
"believe", "could", "should", "envisage", "anticipate", "aim", "estimate",
"potential", "intend", "may", "plan", "will" or variations or similar
expressions, or the negative thereof. Any forward-looking statements contained
in this announcement are based on current expectations and are subject to
risks and uncertainties that could cause actual results to differ materially
from those expressed or implied by those statements. If one or more of these
risks or uncertainties materialise, or if underlying assumptions prove
incorrect, the Company's actual results may vary materially from those
expected, estimated or projected. No representation or warranty is made that
any forward-looking statement will come to pass. Any forward-looking
statements speak only as at the date of this announcement. The Company and its
directors expressly disclaim any obligation or undertaking to publicly release
any update or revisions to any forward-looking statements contained in this
announcement to reflect any change in events, conditions or circumstances on
which any such statements are based after the time they are made, other than
in accordance with its legal or regulatory obligations (including under the UK
Listing Rules and the Disclosure Guidance and Transparency Rules of the
Financial Conduct Authority). Nothing in this announcement shall exclude any
liability under applicable laws that cannot be excluded in accordance with
such laws.

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