Auction Technology Group PLC Director/PDMR Shareholding (2463O)
October 06 2021 - 8:48AM
UK Regulatory
TIDMATG
RNS Number : 2463O
Auction Technology Group PLC
06 October 2021
6 October 2021
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial
Responsibility ("PDMRs")
The Company announces that the following awards over ordinary
shares in the capital of the Company have been granted to Phil
Michaelson following completion of the acquisition of Platinum
Parent, Inc. on 1 October 2021 (the "Acquisition").
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the UK Market
Abuse Regulation.
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 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 Ordinary Shares of 0.01 pence each
instrument, type of in Auction Technology Group plc
instrument
------------------------------- -----------------------------------------------
Identification code GB00BMVQDZ64
------------------------------- -----------------------------------------------
b) Nature of the transaction Grant of Options in exchange for options
held over shares in Platinum Parent,
Inc. pursuant to the terms of the Acquisition
------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
186p per share 788,517
----------
------------------------------- -----------------------------------------------
d) Aggregated information Aggregated Aggregated Total Aggregate
* Aggregated volume Price Volume Volume
n/a n/a n/a
----------- ----------------
* Price
------------------------------- -----------------------------------------------
e) Date of the transaction 1 October 2021
------------------------------- -----------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- -----------------------------------------------
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 Ordinary Shares of 0.01 pence each
instrument, type of in Auction Technology Group plc
instrument
------------------------------- -------------------------------------------------
Identification code GB00BMVQDZ64
------------------------------- -------------------------------------------------
b) Nature of the transaction Grant of Restricted Stock Units pursuant
to the terms of the Acquisition
------------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 635,018
----------
------------------------------- -------------------------------------------------
d) Aggregated information Aggregate Aggregate Volume Total Aggregate
* Aggregated volume Price Volume
n/a n/a n/a
----------------- ----------------
* Price
------------------------------- -------------------------------------------------
e) Date of the transaction 1 October 2021
------------------------------- -------------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- -------------------------------------------------
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 Ordinary Shares of 0.01 pence each
instrument, type of in Auction Technology Group plc
instrument
------------------------------- -------------------------------------------------
Identification code GB00BMVQDZ64
------------------------------- -------------------------------------------------
b) Nature of the transaction Grant of Restricted Stock Units pursuant
to the Company's Long Term Incentive
Plan
------------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 126,625
----------
------------------------------- -------------------------------------------------
d) Aggregated information Aggregate Aggregate Volume Total Aggregate
* Aggregated volume Price Volume
n/a n/a n/a
----------------- ----------------
* Price
------------------------------- -------------------------------------------------
e) Date of the transaction 1 October 2021
------------------------------- -------------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- -------------------------------------------------
Tulchan Communications +44 207 353 4200
(Public relations advisor to ATG@tulchangroup.com
ATG)
Tom Murray, Sunni Chauhan, Matt
Low, Laura Marshall
ATG
For investor enquiries investorrelations@auctiontechnologygroup.com
For media enquiries press@auctiontechnologygroup.com
This Announcement should be read in its entirety. In particular,
you should read and understand the information provided in the
"Important Notices" section below.
IMPORTANT NOTICES
This Announcement has been prepared by, and is the sole
responsibility of, the Directors of Auction Technology Group
plc.
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