Auction Technology Group PLC Director/PDMR Shareholding (5075W)
December 12 2023 - 10:00AM
UK Regulatory
TIDMATG
RNS Number : 5075W
Auction Technology Group PLC
12 December 2023
12 December 2023
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial
Responsibility ("PDMRs")
The Company announces that on 8 December 2023 the following
awards over ordinary shares in the capital of the Company were
granted to the following PDMRs pursuant to the Company's share
incentive plans (together the "Awards").
PDMR Share Plan Award Number of
Shares
Long Term Incentive
John-Paul Savant Plan Nil-Cost Option 161,667
--------------------- ----------------- ----------
Long Term Incentive
Tom Hargreaves Plan Nil-Cost Option 138,333
--------------------- ----------------- ----------
Long Term Incentive
Jeremy Stewart Plan Nil-Cost Option 54,826
--------------------- ----------------- ----------
Long Term Incentive
Richard Lewis Plan Nil-Cost Option 33,100
--------------------- ----------------- ----------
The Awards to the Executive Directors (John-Paul Savant and Tom
Hargreaves) are based on an award multiple of 200% of basic salary,
as agreed by the Remuneration Committee (the "Committee"). The
Awards will vest subject to the achievement of performance
conditions over the three-year period ending 30 September 2026 and
will be subject to the usual two-year post-vesting holding period.
Full details of the Awards, including the performance targets, are
disclosed in the Directors' Remuneration Report ("DRR") in the
FY2023 Annual Report to be published on 14 December 2023.
Since approval of the DRR, the Committee has decided that, in
recognition of the current share price level, the Awards should be
granted by reference to a share price of GBP6.00, this being
equivalent to the original offer price at the time of Admission in
February 2021. The number of shares comprising each Award is
therefore significantly lower than would have resulted from the
normal approach of using the 5-day average share price following
the announcement of the Company's preliminary results for the
financial year ended 30 September 2023 (GBP4.958).
Enquiries
Teneo Communications (public relations advisor to ATG)
Tom Murray, Matt Low, Arthur Rogers
+44 207 353 4200 ATG@teneo.com
ATG
For investor enquiries
investorrelations@auctiontechnologygroup.com
For media enquiries press@auctiontechnologygroup.com
Company Secretary cosec@auctiontechnologygroup.com
The relevant notifications set out below in relation to the
Awards are provided in accordance with the requirements of Article
19 of the UK Market Abuse Regulation.
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.
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 Grant of Nil-Cost Option under the
Company's Long Term Incentive Plan
------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 161,667
----------
------------------------------- ---------------------------------------------
d) Aggregated information Aggregated Aggregated Total Aggregate
* Aggregated volume Price Volume Volume
Nil 161,667 161,667
----------- ----------------
* Price
------------------------------- ---------------------------------------------
e) Date of the transaction 8 December 2023
------------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- ---------------------------------------------
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 Grant of Nil-Cost Option under the
Company's Long Term Incentive Plan
------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 138,333
----------
------------------------------- ---------------------------------------------
d) Aggregated information Aggregated Aggregated Total Aggregate
* Aggregated volume Price Volume Volume
Nil 138,333 138,333
----------- ----------------
* Price
------------------------------- ---------------------------------------------
e) Date of the transaction 8 December 2023
------------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jeremy Stewart
------------------------------- ---------------------------------------------
2 Reason for Notification
------------------------------------------------------------------------------
a) Position/status President of North America
------------------------------- ---------------------------------------------
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 Ordinary Shares of 0.01 pence each in
financial instrument, Auction Technology Group plc
type of instrument
------------------------------- ---------------------------------------------
Identification code GB00BMVQDZ64
------------------------------- ---------------------------------------------
b) Nature of the transaction Grant of Nil-Cost Option under the Company's
Long Term Incentive Plan
------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 54,826
----------
------------------------------- ---------------------------------------------
d) Aggregated information Aggregate Aggregate Total Aggregate
- Aggregated volume Price Volume Volume
- Price Nil 54,826 54,826
---------- ----------------
------------------------------- ---------------------------------------------
e) Date of the transaction 8 December 2023
------------------------------- ---------------------------------------------
f) Place of the transaction Outside of trading venue.
------------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Richard Lewis
------------------------------- ---------------------------------------------
2 Reason for Notification
------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------------- ---------------------------------------------
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 Ordinary Shares of 0.01 pence each in
financial instrument, Auction Technology Group plc
type of instrument
------------------------------- ---------------------------------------------
Identification code GB00BMVQDZ64
------------------------------- ---------------------------------------------
b) Nature of the transaction Grant of Nil-Cost Option under the Company's
Long Term Incentive Plan
------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 33,100
----------
------------------------------- ---------------------------------------------
d) Aggregated information Aggregate Aggregate Total Aggregate
* Aggregated volume Price Volume Volume
Nil 33,100 33,100
---------- ----------------
* Price
------------------------------- ---------------------------------------------
e) Date of the transaction 8 December 2023
------------------------------- ---------------------------------------------
f) Place of the transaction Outside of trading venue.
------------------------------- ---------------------------------------------
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END
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