Annual Report FY2024 and Notice of AGM 2025

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/.  

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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.

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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.

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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 [email protected].  Questions regarding the business of the AGM can be submitted in advance of the AGM to [email protected] 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 [email protected]

ATG

For investor enquiries [email protected]

For media enquiries [email protected]

Company Secretary [email protected]