Director/PDMR Shareholding

RNS Number : 4301M

Auction Technology Group PLC

23 May 2022

 

23 May 2022

Auction Technology Group plc (the "Company")

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

The Company announces that on 20 May 2022, the following Directors and PDMRs disposed of interests in the Company's ordinary shares of 0.01 pence for personal financial and estate planning purposes.  

The Company has agreed to temporarily release Phil Michaelson, PDMR and Chief Executive Officer of Live Auctioneers LLC from the lock-up agreement disclosed in the circular issued by the Company on 4 August 2021 in respect of the number of shares set out in the Notification Form below.   Further details of the RSU Shares allotted to and sold by Mr Michaelson can be found in the RNS announcements released by the Company on 20 January 2022 and 25 January 2022.

Following the transactions detailed in the PDMR Notification Dealing forms set out further below, the Directors' and PDMRs' remaining beneficial shareholdings in the Company's ordinary shares are as follows:

John-Paul Savant	2,573,631
Tom Hargreaves	1,284,060
Richard Lewis	964,117
Daniel Pennington	453,931
Phil Michaelson	Nil

Details of the transactions are set out in the PDMR Notification Dealing Forms below.

For further information, please contact:

ATG 

For investor enquiries  [e-mail]

For media enquiries  [e-mail]

Tulchan Communications   [phone]

(Public relations advisor to ATG)  [e-mail]

Tom Murray, Matt Low, Laura Marshall 

About Auction Technology Group plc

Auction Technology Group plc ("ATG") is the operator of the world's leading marketplaces and auction services for curated online auctions, seamlessly connecting bidders from around the world to over 3,600 trusted auction houses across two major sectors: Industrial & Commercial ("I&C") and Art & Antiques ("A&A").

The Group powers seven online marketplaces using its proprietary auction platform technology, hosting in excess of 70,000 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. 

LEI 213800U8Q9K2XI3WRE39

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	Disposal
c)	Price(s) and volume(s)	Price(s) Volume(s) 875p 150,000
d)	Aggregated information - Aggregated volume - Price	Aggregated Price Aggregated Volume Total Aggregate Volume 875p 150,000 150,000
e)	Date of the transaction	20 May 2022
f)	Place of the transaction	London Stock Exchange

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	Disposal
c)	Price(s) and volume(s)	Price(s) Volume(s) 875p 296,437
d)	Aggregated information - Aggregated volume - Price	Aggregated Price Aggregated Volume Total Aggregate Volume 875p 296,437 296,437
e)	Date of the transaction	20 May 2022
f)	Place of the transaction	London Stock Exchange

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	Disposal
c)	Price(s) and volume(s)	Price(s) Volume(s) 875p 450,000
d)	Aggregated information - Aggregated volume - Price	Aggregated Price Aggregated Volume Total Aggregate Volume 875p 450,000 450,000
e)	Date of the transaction	20 May 2022
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Daniel Pennington
2	Reason for Notification
a)	Position/status	Senior Vice-President of Sales, 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	Disposal
c)	Price(s) and volume(s)	Price(s) Volume(s) 875p 30,000
d)	Aggregated information - Aggregated volume - Price	Aggregated Price Aggregated Volume Total Aggregate Volume 875p 30,000 30,000
e)	Date of the transaction	20 May 2022
f)	Place of the transaction	London Stock Exchange

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	Disposal
c)	Price(s) and volume(s)	Price(s) Volume(s) 875p 152,825
d)	Aggregated information - Aggregated volume - Price	Aggregate Price Aggregate Volume Total Aggregate Volume 875p 152,825 152,825
e)	Date of the transaction	20 May 2022
f)	Place of the transaction	London Stock Exchange

 

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