Auction Technology Group PLC Director/PDMR Shareholding (4301M)
May 23 2022 - 5:00AM
UK Regulatory
TIDMATG
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
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name John-Paul Savant
------------------------------- --------------------------------------------
Reason for Notification
2
-----------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Auction Technology Group plc
------------------------------- --------------------------------------------
b) LEI 213800U8Q9K2XI3WRE39
------------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated for
4A. (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 Ordinary Shares of 0.01 pence each
financial instrument, in Auction Technology Group plc
type of instrument
------------------------------- --------------------------------------------
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 Aggregated Total Aggregate
* Aggregated volume Price Volume Volume
875p 150,000 150,000
----------- ----------------
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 20 May 2022
------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange
------------------------------- --------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Tom Hargreaves
------------------------------- --------------------------------------------
Reason for Notification
2
-----------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Auction Technology Group plc
------------------------------- --------------------------------------------
b) LEI 213800U8Q9K2XI3WRE39
------------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated for
4A. (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 Ordinary Shares of 0.01 pence each
financial instrument, in Auction Technology Group plc
type of instrument
------------------------------- --------------------------------------------
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 Aggregated Total Aggregate
* Aggregated volume Price Volume Volume
875p 296,437 296,437
----------- ----------------
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 20 May 2022
------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange
------------------------------- --------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Richard Lewis
------------------------------- --------------------------------------------
Reason for Notification
2
-----------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Auction Technology Group plc
------------------------------- --------------------------------------------
b) LEI 213800U8Q9K2XI3WRE39
------------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated for
4A. (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 Ordinary Shares of 0.01 pence each
financial instrument, in Auction Technology Group plc
type of instrument
------------------------------- --------------------------------------------
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 Aggregated Total Aggregate
* Aggregated volume Price Volume Volume
875p 450,000 450,000
----------- ----------------
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 20 May 2022
------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange
------------------------------- --------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Daniel Pennington
------------------------------- --------------------------------------------
Reason for Notification
2
-----------------------------------------------------------------------------
a) Position/status Senior Vice-President of Sales, North
America
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Auction Technology Group plc
------------------------------- --------------------------------------------
b) LEI 213800U8Q9K2XI3WRE39
------------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated for
4A. (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 Ordinary Shares of 0.01 pence each
financial instrument, in Auction Technology Group plc
type of instrument
------------------------------- --------------------------------------------
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 Aggregated Total Aggregate
* Aggregated volume Price Volume Volume
875p 30,000 30,000
----------- ----------------
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 20 May 2022
------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange
------------------------------- --------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Phil Michaelson
------------------------------- --------------------------------------------
Reason for Notification
2
-----------------------------------------------------------------------------
a) Position/status Chief Executive Officer of Live Auctioneers
LLC
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Auction Technology Group plc
------------------------------- --------------------------------------------
b) LEI 213800U8Q9K2XI3WRE39
------------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated for
4A. (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 Ordinary Shares of 0.01 pence each
financial instrument, in Auction Technology Group plc
type of instrument
------------------------------- --------------------------------------------
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 Aggregate Aggregate Total Aggregate
* Aggregated volume Price Volume Volume
875p 152,825 152,825
---------- ----------------
* Price
------------------------------- --------------------------------------------
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
(END) Dow Jones Newswires
May 23, 2022 06:00 ET (10:00 GMT)
Auction Technology (LSE:ATG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Auction Technology (LSE:ATG)
Historical Stock Chart
From Apr 2023 to Apr 2024
