TIDMATG
RNS Number : 5829Q
Auction Technology Group PLC
26 February 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED
STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD
BE UNLAWFUL.
This announcement is not a prospectus nor an offer of securities
for sale in any jurisdiction, including in or into the United
States, Australia, Canada, Japan or the Republic of South
Africa.
26 February 2021
Auction Technology Group plc (the "Company")
Exercise of Over-allotment Option
The Company announces that, in connection with its initial
public offering (the "Offer"), J.P. Morgan Securities plc (which
conducts its UK investment banking activity as J.P. Morgan
Cazenove), acting as stabilising manager, has exercised in its
entirety the over-allotment option (the "Over-allotment Option")
granted by TA XIII-A, L.P., TA XIII-B, L.P., TA Investors XIII,
L.P., TA Investors IV EU AIV L.P., TA Subordinated Debt Fund IV
L.P. and ECI 11 LP in respect of 4,545,275 existing ordinary shares
of 0.01p each in the Company (the "Shares") at the offer price of
600 pence each.
The Company did not participate in the Over-allotment
Option.
Giving effect to the exercise of the Over-allotment Option, the
total size of the Offer is 49,998,027 Shares, representing
approximately 50.00 per cent of the 100,000,000 Shares in
issue.
Disclaimer
This announcement is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Issuer in any
jurisdiction.
This announcement is not for release, publication or
distribution, directly or indirectly, in or into the United States
of America (the "United States"), Australia, Canada, Japan, the
Republic of South Africa or any other jurisdiction where such
release, publication or distribution would be unlawful. This
announcement does not contain or constitute, or form part of, an
offer to sell, or a solicitation of an offer to purchase, any
securities in the United States, Australia, Canada, Japan, the
Republic of South Africa or any other jurisdiction where such an
offer would be unlawful.
The securities discussed herein have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act"), or with any securities regulatory authority of
any state or other jurisdiction of the United States. The
securities may not be offered, sold, resold, transferred or
delivered, directly or indirectly, within the United States except
pursuant to an applicable exemption from or in a transaction not
subject to the registration requirements of the Securities Act and
in compliance with any applicable securities laws of any state or
other jurisdiction of the United States. No public offering of the
securities discussed herein is being made in the United States. The
securities referred to herein have not been registered under the
applicable securities laws of Australia, Canada, Japan or the
Republic of South Africa and, subject to certain exceptions, may
not be offered or sold within Australia, Canada, Japan or the
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are "qualified investors" within the meaning of Article 2(e) of the
UK version of Regulation (EU) 2017/1129 (as amended) as it forms
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END
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