Source - LSE Regulatory
RNS Number : 1086Z
Auction Technology Group PLC
20 January 2022
 

20 January 2022

Auction Technology Group plc (the "Company")

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

The Company announces that on 17 January 2022, 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, a proportion of the RSU Shares have been retained by the Company and will be sold to settle Mr Michaelson's withholding tax liability in relation to the same.  A separate announcement will follow on completion of the sale.

The remaining RSU Shares will be subject to a lock-in restriction until 1 October 2022.

The relevant notification set out below in relation to the RSU Shares is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

 

Tulchan Communications
(Public relations advisor to ATG)

+44 207 353 4200

ATG@tulchangroup.com

Tom Murray, Matt Low, Laura Marshall

 


ATG


For investor enquiries

For media enquiries

 

 

investorrelations@auctiontechnologygroup.com

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.

 

 

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 instrument, type of instrument

 

Ordinary Shares of 0.01 pence each in Auction Technology Group plc

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

-     Aggregated volume

-     Price

Aggregate Price

Aggregate Volume

Total Aggregate Volume

Nil

317,509

N/A

e)

Date of the transaction

17 January 2022

f)

Place of the transaction

London Stock Exchange plc

 

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END
 
 
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