28th Feb 2025 11:46
28 February 2025
Auction Technology Group plc (the "Company")
Notification of Transactions by Person Discharging Managerial Responsibility ("PDMR")
The Company announces that on 25 February 2025, Tom Hargreaves, Chief Financial Officer, exercised nil-cost options held under both the Company's Long Term Incentive Plan ("LTIP") and the Deferred Share Bonus Plan ("DSBP"), with shares being transferred from the Company's Employee Benefit Trust ("EBT"). Details of the exercise of options are below. The resulting shares (after the shares sold to pay tax due on exercise ) must be held for a minimum period of two years following the date of cessation of employment. Details of the shares sold to cover the tax are set out below.
Enquiries
Teneo Communications (public relations advisor to ATG)
Tom Murray, Matt Low, Arthur Rogers
+44 207 353 4200 [email protected]
ATG
For investor enquiries [email protected]
For media enquiries [email protected]
Company Secretary [email protected]
The relevant notifications set out below in relation to the exercise of options by Tom Hargreaves are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
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 | 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
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b) | Nature of the transaction | Acquisition of Ordinary Shares following the exercise of Nil-Cost Options under the Company's Long Term Incentive Plan and the Deferred Share Bonus Plan
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c) | Price(s) and volume(s)
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 25 February 2025 | ||||||||
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
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b) | Nature of the transaction | Sale of ordinary shares to cover withholding tax and National Insurance contribution liabilities and dealing costs arising in connection with the exercise.
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c) | Price(s) and volume(s)
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d) | Aggregated information - Aggregated volume - Price | N/A - Single transaction
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e) | Date of the transaction | 26 February 2025 | ||||
f) | Place of the transaction | London Stock Exchange (XLON), Main Market | ||||
Related Shares:
Auction Technology Group