Director/PDMR Shareholding
Source: RNS
19 January 2023
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility ("PDMRs")
The Company announces that on 19 January 2023, 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, the Company further announces that on 19 January 2023, 152,389 of the RSU Shares were sold to settle Mr Michaelson's withholding tax liability in relation to the same.
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
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Tulchan Communications |
+44 207 353 4200 |
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Tom Murray, Matt Low, Arthur Rogers
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ATG |
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For investor enquiries For media enquiries
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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 |
Phil Michaelson |
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2 |
Reason for Notification |
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a) |
Position/status |
Chief Executive Officer of Live Auctioneers 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 settlement of restricted stock units granted on 1 October 2021.
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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 |
19 January 2023 |
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f) |
Place of the transaction |
London Stock Exchange plc |
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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 |
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2 |
Reason for Notification |
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a) |
Position/status |
Chief Executive Officer of Live Auctioneers 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 |
Sale of shares to cover withholding tax liabilities, pursuant to the settlement of restricted stock units granted on 1 October 2021.
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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 |
19 January 2023 |
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f) |
Place of the transaction |
London Stock Exchange plc |
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