RNS Number : 8390B
Auction Technology Group PLC
06 June 2023
 

6 June 2023

Auction Technology Group plc (the "Company")

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

The Company announces that on 1 June 2023, PDMR Phil Michaelson exercised 100,000 nil cost options granted under the Company's Long Term Incentive Scheme in October 2021 and subsequently sold 150,000 ordinary shares of 0.01 pence on the same date.   

Details of the transaction are set out in the PDMR Notification Dealing Form below.

For further information, please contact:

 

ATG

 

 

For investor enquiries

rebeccaedelman@auctiontechnologygroup.com

 

For media enquiries

press@auctiontechnologygroup.com

 

 

 

 

 

Teneo Communications

 

+44 207 353 4200

 

(Public relations advisor to ATG)

ATG@teneo.com

 

Tom Murray, Matt Low, Arthur Rogers

 

 

 

 

 

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 3,800 trusted auction houses across two major sectors: Industrial & Commercial ("I&C") and Art & Antiques ("A&A").

 

The Group powers eight online marketplaces and listing sites 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

Phil Michaelson

2

Reason for Notification

a)

Position/status

Chief Executive Officer of LiveAuctioneers 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

Acquisition of shares pursuant to the exercise of options under the Company's Long Term Incentive Scheme

 

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

Nil

100,000





d)

Aggregated information

-     Aggregated volume

-     Price

Aggregated Price

Aggregated Volume

Total Aggregate Volume

Nil

100,000

100,000

e)

Date of the transaction

1 June 2023

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 LiveAuctioneers 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)

746p

150,000





d)

Aggregated information

-     Aggregated volume

-     Price

Aggregated Price

Aggregated Volume

Total Aggregate Volume

746p

150,000

150,000

e)

Date of the transaction

1 June 2023

f)

Place of the transaction

London Stock Exchange

 

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