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Auction Technology Group plc announced that on 22 May 2026, it granted two awards of nil-cost options over ordinary shares to Duncan Painter, its Chief Executive Officer. These grants included a FY26 LTIP Award of 326,633 ordinary shares and a Buyout Award of 94,221 ordinary shares.
| Date | 26 May 2026 |
| Time | 07:00:15 |
| Category | Director/PDMR dealings |
| ID | 5609F |
26 May 2026
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility ("PDMRs")
The Company announces that on 22 May 2026 the following awards in the form of nil-cost options over ordinary shares in the capital of the Company ("Shares") were granted to Duncan Painter, Chief Executive Officer (each an "Award").
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PDMR |
Award |
Number of Shares |
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Duncan Painter |
FY26 LTIP Award |
326,633 |
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Duncan Painter |
Buyout Award |
94,221 |
FY26 LTIP Award
The FY26 LTIP award has been granted under the Company's Long Term Incentive Plan ("LTIP").
This award will normally vest on the third anniversary of grant subject to the achievement of performance conditions measured over the three-year period ending 30 September 2028 and is also subject to a two-year post-vesting holding period. The performance targets for this award are the same as those applying to the LTIP award made to the Chief Financial Officer on 13 February 2026. Details of the CFO's FY26 LTIP award were disclosed in the Directors' Remuneration Report in the FY2025 Annual Report.
Buyout Award
The buyout award has been granted to Mr Painter in accordance with the terms of his recruitment, to replace a portion of the awards forfeited with his previous employer. The buyout award is structured in accordance with the principles set out in the Company's approved Directors' Remuneration Policy and is subject to a one-year vesting period (measured from the date he joined the Company on 5 May 2026) and Mr Painter's continued employment.
Enquiries
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ATG |
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For investor enquiries |
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Company Secretary |
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FTI Consulting (Media Enquiries) |
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Jamie Ricketts, Matt Dixon |
+44 20 3727 1999 |
The relevant notification set out below in relation to the awards to Duncan Painter are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
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
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Duncan Painter |
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2 |
Reason for Notification |
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a) |
Position/status |
Chief Executive Officer |
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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 |
Grant of Nil-Cost Option under the Company's Long Term Incentive Plan
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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 |
22 May 2026 |
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f) |
Place of the transaction |
Outside of a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Duncan Painter |
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2 |
Reason for Notification |
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a) |
Position/status |
Chief Executive Officer |
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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 |
Grant of Nil-Cost Options in compensation for awards forfeited on leaving former employer
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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 |
22 May 2026 |
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f) |
Place of the transaction |
Outside of a trading venue |
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