Director/PDMR Shareholding

RNS Number : 8776J

Auction Technology Group PLC

15 December 2022

 

15 December 2022

Auction Technology Group plc (the "Company")

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

The Company announces that on 15 December 2022 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	88,589
Tom Hargreaves	Long Term Incentive Plan	Nil-Cost Option	67,745

The Awards will vest on the third anniversary of the date of grant, subject to continuing employment and the satisfaction of the following performance condition measured over three financial years ending on 30 September 2025:

Performance level	Level of vesting	Adjusted diluted EPS growth per annum (% CAGR)
Below "threshold"	0%	Below 5%
"Threshold"	25%	5%
"Stretch"	100%	17%

  With straight-line vesting in between the above points.

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.

Tulchan Communications (Public relations advisor to ATG)	[phone] [e-mail]
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.

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 88,589
d)	Aggregated information - Aggregated volume - Price	Aggregated Price Aggregated Volume Total Aggregate Volume Nil 88,589 88,589
e)	Date of the transaction	15 December 2022
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 67,745
d)	Aggregated information - Aggregated volume - Price	Aggregated Price Aggregated Volume Total Aggregate Volume Nil 67,745 67,745
e)	Date of the transaction	15 December 2022
f)	Place of the transaction	Outside of a trading venue

 

END

 

 

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