20 January 2022
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility ("PDMRs")
The Company announces that on 17 January 2022, 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, a proportion of the RSU Shares have been retained by the Company and will be sold to settle Mr Michaelson's withholding tax liability in relation to the same. A separate announcement will follow on completion of the sale.
The remaining RSU Shares will be subject to a lock-in restriction until 1 October 2022.
The relevant notification set out below in relation to the RSU Shares is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
+44 207 353 4200
Tom Murray, Matt Low, Laura Marshall
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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.
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
Details of the person discharging managerial responsibilities / person closely associated
Reason for Notification
Chief Executive Officer of Live Auctioneers LLC
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Auction Technology Group plc
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
Description of the financial instrument, type of instrument
Ordinary Shares of 0.01 pence each in Auction Technology Group plc
Nature of the transaction
Acquisition of shares, pursuant to the settlement of restricted stock units granted on 1 October 2021.
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
17 January 2022
Place of the transaction
London Stock Exchange plc