20th Jan 2022 10:36
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 |
Tom Murray, 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 | 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)
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||
e) | Date of the transaction | 17 January 2022 | ||||||
f) | Place of the transaction | London Stock Exchange plc | ||||||
Related Shares:
Auction Technology Group