Director/PDMR Shareholding

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

[phone] [e-mail]

ATG

For investor enquiries [e-mail]

For media enquiries [e-mail]

Company Secretary [e-mail]

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 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 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 -     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 -     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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