20
December 2024
Auction Technology Group
plc (the "Company")
Notification of Transactions
by Persons Discharging Managerial Responsibility
("PDMRs")
The Company announces that on 20
December 2024 the following awards over ordinary shares in the
capital of the Company were granted to the following PDMRs pursuant
to the Company's share incentive plans.
|
PDMR
|
Share Plan
|
Award
|
Number of Shares
|
|
John-Paul Savant
|
Long Term Incentive Plan
|
Nil-Cost Option
|
192,022
|
|
Jeremy Stewart
|
Long Term Incentive Plan
|
Conditional Share Award
|
62,691
|
The award to the Executive Director, John-Paul
Savant (the "Executive Award"), is based on an award multiple of
200% of basic salary, as agreed by the Remuneration Committee (the
"Committee"). The Executive Award will vest on the third
anniversary of grant subject to the achievement of performance
conditions over the three-year period ending 30 September 2027 and
will be subject to the usual two-year post-vesting holding period.
Full details of the Executive Award, including the performance
targets, are disclosed in the Directors' Remuneration Report in the
FY2024 Annual Report published on 13 December 2024.
Enquiries
Teneo Communications
(public relations advisor to ATG)
Tom Murray, Matt Low, Arthur
Rogers
+44 207 353 4200
ATG@teneo.com
ATG
For
investor enquiries investorrelations@auctiontechnologygroup.com
For media
enquiries press@auctiontechnologygroup.com
Company
Secretary cosec@auctiontechnologygroup.com
The relevant notifications set out
below in relation to the awards to John-Paul Savant and Jeremy
Stewart 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
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
John-Paul Savant
|
|
2
|
Reason for
Notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
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
|
Grant of Nil-Cost Option under the Company's
Long Term Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
192,022
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Aggregated Price
|
Aggregated Volume
|
Total Aggregate Volume
|
|
Nil
|
192,022
|
192,022
|
|
|
e)
|
Date of the transaction
|
20 December 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading venue
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Jeremy Stewart
|
|
2
|
Reason for
Notification
|
|
a)
|
Position/status
|
President of North America
|
|
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
|
Grant of Conditional Share Award under the
Company's Long Term Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
62,691
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated
volume
- Price
|
|
Aggregate Price
|
Aggregate Volume
|
Total Aggregate Volume
|
|
Nil
|
62,691
|
62,691
|
|
|
e)
|
Date of the transaction
|
20 December 2024
|
|
f)
|
Place of the transaction
|
Outside of trading venue.
|