Requisition notice from FitzWalter Capital Limited
Summary by AI BETAClose X
26 October 2026
AUCTION TECHNOLOGY GROUP PLC ("ATG", "The Company")
Statement regarding requisition notice from FitzWalter Capital Limited ("FitzWalter")
The Board of ATG (the "Board") notes the announcements made by FitzWalter on 26 October 2026 and confirms that it has today received from FitzWalter a notice requiring the Board to call a general meeting of the Company. The Board's focus remains on acting in the best interests of all shareholders and is confident of delivering significant shareholder value through implementation of our strategic plan.
The Board is disappointed that FitzWalter has chosen to send a requisition notice, which would require shareholders to participate in a general meeting. The Board believes this does not reflect the significant progress and momentum in the business, with the share price having risen 72%¹ since the start of the year. The requisition is an unnecessary and unwarranted distraction from the delivery of the Company's strategy.
The Company will announce its results for the year ended 30 September 2026 on 24 November 2026, including further detail on the outlook for FY2027.
A further update in relation to this matter will be provided in due course.
|
ATG |
|
|
Chris Dyett IR Director |
+44 (0)79 74 97 4690 / +44 (0)20 3725 5500 chris.dyett@auction.tech |
|
FTI Consulting (Media Enquiries) Jamie Ricketts Edward Knight
|
atg@fticonsulting.com +44 (0)20 3727 1000
|
About Auction Technology Group plc
Auction Technology Group plc ("ATG") operates 10 leading marketplaces in Arts & Antiques ("A&A") and Industrial & Commercial ("I&C"), connecting millions of buyers with unique items worth finding again. ATG transforms fragmented, complex markets into structured, trusted marketplaces where buyers and sellers can transact with confidence at scale.
The Group powers its ten branded online auction and list price marketplaces using best in class proprietary technology. ATG has offices in North America, the United Kingdom, Germany and Mexico.
¹ Based on a closing share price of 279p on 31 December 2025, compared with 479p on 23 October 2026.
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.
Latest directors dealings
- 29 minutes ago Trekor Metals Limited
- 57 minutes ago Iomart Group
- 1 hour ago Tesco
- 2 hours ago Centrica
- 2 hours ago Aberdeen Asian Income Fund Limited