15 December 2021
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility ("PDMRs")
The Company announces that on 10 December 2021 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 |
| John-Paul Savant | Long Term Incentive Plan | Nil-Cost Option | 45,410 |
| John- Paul Savant | Deferred Bonus Share Plan | Nil-Cost Option | 5,358 |
| Tom Hargreaves | Long Term Incentive Plan | Nil-Cost Option | 34,725 |
| Tom Hargreaves | Deferred Bonus Share Plan | Nil-Cost Option | 3,278 |
| Richard Lewis | Long Term Incentive Plan | Nil-Cost Option | 6,411 |
| Daniel Pennington | Long Term Incentive Plan | Conditional Share Award | 11,444 |
| Phil Michaelson | Long Term Incentive Plan | Conditional Share Award | 33,160 |
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.
| Tulchan Communications | +44 207 353 4200 |
| Tom Murray, Sunni Chauhan, Matt Low, Laura Marshall
| |
| ATG | |
| For investor enquiries For media enquiries
|
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
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
| a) | Name | John-Paul Savant | ||||||||
| 2 | Reason for Notification | |||||||||
| a) | Position/status | Chief Executive 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 financial instrument, type of instrument | Ordinary Shares of 0.01 pence each in Auction Technology Group plc | ||||||||
| Identification code | GB00BMVQDZ64
| |||||||||
| b) | Nature of the transaction | Grant of Nil-Cost Options under the Company's Long Term Incentive Plan and Deferred Bonus Share Plan
| ||||||||
| c) | Price(s) and volume(s)
|
| ||||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||||
| e) | Date of the transaction | 10 December 2021 | ||||||||
| f) | Place of the transaction | Outside of a trading venue | ||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
| a) | Name | Tom Hargreaves | ||||||||
| 2 | Reason for Notification | |||||||||
| a) | Position/status | Chief Financial 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 financial instrument, type of instrument | Ordinary Shares of 0.01 pence each in Auction Technology Group plc | ||||||||
| Identification code | GB00BMVQDZ64
| |||||||||
| b) | Nature of the transaction | Grant of Nil-Cost Options under the Company's Long Term Incentive Plan and Deferred Bonus Share Plan
| ||||||||
| c) | Price(s) and volume(s)
|
| ||||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||||
| e) | Date of the transaction | 10 December 2021 | ||||||||
| f) | Place of the transaction | Outside of a 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 financial instrument, type of instrument | Ordinary Shares of 0.01 pence each in Auction Technology Group plc | ||||||
| Identification code | GB00BMVQDZ64
| |||||||
| b) | Nature of the transaction | Grant of Nil-Cost Options under the Company's Long Term Incentive Plan
| ||||||
| c) | Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 10 December 2021 | ||||||
| f) | Place of the transaction | Outside of a trading venue | ||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | Daniel Pennington | ||||||
| 2 | Reason for Notification | |||||||
| a) | Position/status | Senior Vice-President of Sales, 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 financial instrument, type of instrument | Ordinary Shares of 0.01 pence each in Auction Technology Group plc | ||||||
| Identification code | GB00BMVQDZ64
| |||||||
| b) | Nature of the transaction | Grant of Conditional Share Award under the Company's Long Term Incentive Plan
| ||||||
| c) | Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 10 December 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 instrument, type of instrument | Ordinary Shares of 0.01 pence each in Auction Technology Group plc | ||||||
| Identification code | GB00BMVQDZ64
| |||||||
| b) | Nature of the transaction | Grant of Conditional Share Award under the Company's Long Term Incentive Plan
| ||||||
| c) | Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 10 December 2021 | ||||||
| f) | Place of the transaction | Outside of a trading venue | ||||||
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.
