Auction Technology Group PLC Director/PDMR Shareholding (6290C)
October 12 2022 - 10:00AM
UK Regulatory
TIDMATG
RNS Number : 6290C
Auction Technology Group PLC
12 October 2022
12 October 2022
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial
Responsibility ("PDMRs")
The Company announces that on 10 October 2022, 24,439 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 10 October 2022, 10,948 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 +44 207 353 4200
(Public relations advisor to ATG@tulchangroup.com
ATG)
Tom Murray, Sunni Chauhan,
Matt Low, Laura Marshall
ATG
For investor enquiries investorrelations@auctiontechnologygroup.com
For media enquiries 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
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 24,439
----------
------------------------------- --------------------------------------------
d) Aggregated information Aggregate Aggregate Total Aggregate
* Aggregated volume Price Volume Volume
Nil 24,439 24,439
---------- ----------------
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 10 October 2022
------------------------------- --------------------------------------------
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)
715.65p 10,948
----------
------------------------------- ---------------------------------------------
d) Aggregated information Aggregate Aggregate Total Aggregate
* Aggregated volume Price Volume Volume
715.65p 10,948 10,948
---------- ----------------
* Price
------------------------------- ---------------------------------------------
e) Date of the transaction 10 October 2022
------------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange plc
------------------------------- ---------------------------------------------
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END
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