Director/PDMR Shareholding

RNS Number : 2463O

Auction Technology Group PLC

06 October 2021

 

6 October 2021

Auction Technology Group plc (the "Company")

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

The Company announces that the following awards over ordinary shares in the capital of the Company have been granted to Phil Michaelson following completion of the acquisition of Platinum Parent, Inc. on 1 October 2021 (the "Acquisition"). 

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

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	Grant of Options in exchange for options held over shares in Platinum Parent, Inc. pursuant to the terms of the Acquisition
c)	Price(s) and volume(s)	Price(s) Volume(s) 186p per share 788,517
d)	Aggregated information -  Aggregated volume -  Price	Aggregated Price Aggregated Volume Total Aggregate Volume n/a n/a n/a
e)	Date of the transaction	1 October 2021
f)	Place of the transaction	Outside of a trading venue

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	Grant of Restricted Stock Units pursuant to the terms of the Acquisition
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 635,018
d)	Aggregated information -  Aggregated volume -  Price	Aggregate Price Aggregate Volume Total Aggregate Volume n/a n/a n/a
e)	Date of the transaction	1 October 2021
f)	Place of the transaction	Outside of a trading venue

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	Grant of Restricted Stock Units pursuant to the Company's Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 126,625
d)	Aggregated information -  Aggregated volume -  Price	Aggregate Price Aggregate Volume Total Aggregate Volume n/a n/a n/a
e)	Date of the transaction	1 October 2021
f)	Place of the transaction	Outside of a trading venue

Tulchan Communications (Public relations advisor to ATG)	[phone] [e-mail]
Tom Murray, Sunni Chauhan, Matt Low, Laura Marshall
ATG
For investor enquiries For media enquiries	[e-mail] [e-mail]

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.

 

END

 

 

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