Auction Technology Group PLC Director/PDMR Shareholding (2890N)

TIDMATG

RNS Number : 2890N

Auction Technology Group PLC

19 January 2023

19 January 2023

Auction Technology Group plc (the "Company")

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

The Company announces that on 19 January 2023, 317,509 ordinary shares in the capital of the Company (the "RSU Shares") were allotted and issued to Phil Michaelson (via the trustee of the Company's employee benefit trust) to satisfy the settlement of restricted stock units that were granted to Mr Michaelson on 1 October 2021 (the "RSUs").

In accordance with the terms of the RSUs, the Company further announces that on 19 January 2023, 152,389 of the RSU Shares were sold to settle Mr Michaelson's withholding tax liability in relation to the same.

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

 
 Tulchan Communications          [phone] 
  (Public relations advisor to    [e-mail] 
  ATG) 
 Tom Murray, Matt Low, Arthur 
  Rogers 
 ATG 
 For investor enquiries          [e-mail] 
  For media enquiries             [e-mail] 
 

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                             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        Acquisition of shares, pursuant to 
                                          the settlement of restricted stock 
                                          units granted on 1 October 2021. 
       -------------------------------  -------------------------------------------- 
 c)     Price(s) and volume(s)            Price(s)    Volume(s) 
                                           Nil         317,509 
                                                      ---------- 
       -------------------------------  -------------------------------------------- 
 d)          Aggregated information       Aggregate    Aggregate   Total Aggregate 
               *    Aggregated volume       Price        Volume      Volume 
                                           Nil          317,509     317,509 
                                                       ----------  ---------------- 
               *    Price 
       -------------------------------  -------------------------------------------- 
 e)     Date of the transaction          19 January 2023 
       -------------------------------  -------------------------------------------- 
 f)     Place of the transaction         London Stock Exchange 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                             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        Sale of shares to cover withholding 
                                          tax liabilities, pursuant to the settlement 
                                          of restricted stock units granted 
                                          on 1 October 2021. 
       -------------------------------  --------------------------------------------- 
 c)     Price(s) and volume(s)            Price(s)   Volume(s) 
                                           736.05p    152,389 
                                                     ---------- 
       -------------------------------  --------------------------------------------- 
 d)          Aggregated information       Aggregate   Aggregate   Total Aggregate 
               *    Aggregated volume       Price       Volume      Volume 
                                           736.05p     152,389     152,389 
                                                      ----------  ---------------- 
               *    Price 
       -------------------------------  --------------------------------------------- 
 e)     Date of the transaction          19 January 2023 
       -------------------------------  --------------------------------------------- 
 f)     Place of the transaction         London Stock Exchange plc 
       -------------------------------  --------------------------------------------- 
 

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January 19, 2023 12:00 ET (17:00 GMT)