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Auction Technology Group PLC
Director's Dealing • Jan 19, 2023
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 2890N
Auction Technology Group PLC
19 January 2023
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.
| Tulchan Communications (Public relations advisor to ATG) |
+44 207 353 4200 [email protected] |
| Tom Murray, Matt Low, Arthur Rogers | |
| ATG | |
| For investor enquiries For media enquiries |
[email protected] [email protected] |
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
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Phil Michaelson
2
Reason for Notification
a)
Position/status
Chief Executive Officer of Live Auctioneers LLC
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
b)
Nature of the transaction
Acquisition of shares, pursuant to the settlement of restricted stock units granted on 1 October 2021.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 317,509 |
d)
Aggregated information
- Aggregated volume
- Price
| Aggregate Price | Aggregate Volume | Total Aggregate Volume |
| Nil | 317,509 | 317,509 |
e)
Date of the transaction
19 January 2023
f)
Place of the transaction
London Stock Exchange plc
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
2
Reason for Notification
a)
Position/status
Chief Executive Officer of Live Auctioneers LLC
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
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.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 736.05p | 152,389 |
d)
Aggregated information
- Aggregated volume
- Price
| Aggregate Price | Aggregate Volume | Total Aggregate Volume |
| 736.05p | 152,389 | 152,389 |
e)
Date of the transaction
19 January 2023
f)
Place of the transaction
London Stock Exchange plc
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