13
December 2024
LEI: 213800U8Q9K2XI3WRE39
Auction Technology Group
plc
(the "Company" or
"ATG")
Publication of 2024 Annual Report and Accounts and
Notice of
2025 Annual General Meeting
Following the release on 27 November
2024 of its preliminary results for the year ended 30 September
2024, the Company announces that it is today publishing its Annual
Report and Accounts for the year ended 30 September 2024 ("2024
Annual Report") and Notice of the 2025 Annual General Meeting
("AGM").
Copies of
the 2024 Annual Report, Notice of AGM and Proxy Form are being made
available to view on the Company's website at www.auctiontechnologygroup.com/investors/.
Shareholders who elected to receive
shareholder information electronically are being notified that these
documents are available on the Company's website. Hard copies
of the documents will be posted in the coming days to shareholders
who have elected to receive shareholder information in hard
copy.
As announced on 12 December 2024,
Morgan Seigler will resign from the Board of Directors following
completion of the sale of all remaining shares by TA Associates,
Inc., through its sub-funds TA XIII-A L.P., TA XIII-B L.P., TA
Investors XIII L.P., TA Investors IV EU AIV L.P. and TA
Subordinated Debt Fund IV L.P., being 15,337,625 ordinary shares in
the Company, at a price of £5.50 per Ordinary Share (the "Sale").
Completion of the Sale is expected to take place on 20 December
2024. Morgan Seigler will therefore not be standing for re-election
at the AGM and references in the 2024 Annual Report to the
re‑election of all current directors should be read as excluding
Morgan Seigler.
The Company's 2025 AGM will be held
at 2:00pm on Thursday 30 January 2025 at the offices of Travers
Smith LLP, 10 Snow Hill, London EC1A 2AL. Shareholders are
invited to attend and participate in the meeting in person or may
refer to the Notice of AGM for details on how to vote on the
resolutions by proxy. Shareholders
will also be able to watch and listen to (but not vote at) the AGM
via a live webcast and should register by emailing
investorrelations@auctiontechnologygroup.com. Questions regarding the business of the AGM can be
submitted in advance of the AGM to
investorrelations@auctiontechnologygroup.com up to
2:00pm on Tuesday 28 January 2025.
Further information
In accordance with the Financial
Conduct Authority's UK Listing Rule 6.4.1 and DTRs 4.1.15 and
6.2.2, the 2024 Annual Report has been submitted in the required
structured reporting format to the National Storage Mechanism,
together with the Notice of AGM and Proxy Form. All will shortly be
available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
In accordance with DTR 6.3.5(1A),
the regulated information required by DTRs 4.1 and 6.3.5 is
available in full unedited text within the 2024 Annual Report as
uploaded and available on the National Storage Mechanism and the
Company's website, as noted above.
This
announcement is not a substitute for reading the 2024 Annual Report
in its entirety.
About Auction Technology Group
plc
Auction Technology Group plc ("ATG")
is the operator of world leading marketplaces and auction services
for curated online auctions, seamlessly connecting bidders from
around the world to around 4,000 trusted auction houses across two
major sectors: Industrial & Commercial ("I&C") and Arts
& Antiques ("A&A"). The Group powers eight online
marketplaces and listing sites using its proprietary auction
platform technology, hosting just around 88,000 live and timed
auctions each year. ATG has been supporting the auction
industry since 1971 and the Group has offices in the UK, US,
Germany and Mexico.
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