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  investorrelations@auctiontechnologygroup.com

For media enquiries  press@auctiontechnologygroup.com

Tulchan Communications   +44 207 353 4200

(Public relations advisor to ATG)  ATG@tulchangroup.com

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFIFFAEEIVFIF
UK 100

Latest directors dealings