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Auction Technology Group plc announced that on 1 June 2023, PDMR Phil Michaelson exercised 100,000 nil cost options granted under the Company's Long Term Incentive Scheme in October 2021. On the same date, Mr. Michaelson sold 150,000 ordinary shares of 0.01 pence each at a price of 746p per share on the London Stock Exchange.
| Date | 6 Jun 2023 |
| Time | 13:04:00 |
| Category | Director/PDMR dealings |
| ID | 8390B |
6 June 2023
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility ("PDMRs")
The Company announces that on 1 June 2023, PDMR Phil Michaelson exercised 100,000 nil cost options granted under the Company's Long Term Incentive Scheme in October 2021 and subsequently sold 150,000 ordinary shares of 0.01 pence on the same date.
Details of the transaction are set out in the PDMR Notification Dealing Form below.
For further information, please contact:
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ATG |
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For investor enquiries |
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For media enquiries |
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Teneo Communications |
+44 207 353 4200 |
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(Public relations advisor to ATG) |
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Tom Murray, Matt Low, Arthur Rogers |
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About Auction Technology Group plc
Auction Technology Group plc ("ATG") is the operator of the world's leading marketplaces and auction services for curated online auctions, seamlessly connecting bidders from around the world to over 3,800 trusted auction houses across two major sectors: Industrial & Commercial ("I&C") and Art & Antiques ("A&A").
The Group powers eight online marketplaces and listing sites using its proprietary auction platform technology, hosting in excess of 70,000 live and timed auctions each year. ATG has been supporting the auction industry since 1971 and the Group has offices in the UK, US and Germany.
LEI 213800U8Q9K2XI3WRE39
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Phil Michaelson |
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2 |
Reason for Notification |
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a) |
Position/status |
Chief Executive Officer of LiveAuctioneers LLC |
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b) |
Initial notification/Amendment |
Initial Announcement |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Auction Technology Group plc |
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b) |
LEI |
213800U8Q9K2XI3WRE39 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary Shares of 0.01 pence each in Auction Technology Group plc |
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Identification code |
GB00BMVQDZ64
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b) |
Nature of the transaction |
Acquisition of shares pursuant to the exercise of options under the Company's Long Term Incentive Scheme
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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 |
1 June 2023 |
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f) |
Place of the transaction |
London Stock Exchange |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Phil Michaelson |
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2 |
Reason for Notification |
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a) |
Position/status |
Chief Executive Officer of LiveAuctioneers LLC |
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b) |
Initial notification/Amendment |
Initial Announcement |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Auction Technology Group plc |
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b) |
LEI |
213800U8Q9K2XI3WRE39 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary Shares of 0.01 pence each in Auction Technology Group plc |
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Identification code |
GB00BMVQDZ64 |
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b) |
Nature of the transaction |
Disposal |
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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 |
1 June 2023 |
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f) |
Place of the transaction |
London Stock Exchange |
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