10 October 2024
AUCTION
TECHNOLOGY GROUP PLC
("ATG" or
the "Company")
Directorate Change
ATG announces that Tom Hargreaves
has informed the Board of his intention to step down as Chief
Financial Officer and as a Director of the Company in order to take
up a new position with a private equity-backed company. Tom
will remain with the Company until early next year in order to
ensure a smooth transition. The Board has initiated a search
for his replacement.
John-Paul Savant, CEO,
said:
"Tom has been with ATG for almost eight years and played a key
role in the ATG journey. On behalf of myself and the Board I
want to thank Tom for his many contributions to ATG's success and
wish him the best in the next phase of his
career."
Tom Hargreaves, CFO,
commented:
"I'm incredibly proud of what we have achieved in the time
I've been at ATG. I'm confident that ATG is in a strong position
for ongoing success and I look forward to working with John-Paul
and the Board to ensure a smooth transition."
A further announcement regarding Tom
Hargreaves' successor, and associated timing of appointment, will
be made in due course.
For further information please
contact:
About Auction Technology Group
plc
Auction Technology Group plc ("ATG")
is the operator of world-leading marketplaces for curated online
auctions, seamlessly connecting bidders from around the world to
around 4,000 trusted auction houses across two major sectors:
Industrial & Commercial ("I&C") and Art & Antiques
("A&A").
The Group powers eight online
marketplaces and listing sites using its proprietary auction
platform technology, hosting just under 86,000 live and timed
auctions each year. ATG has been supporting the auction industry
since 1971 and the Group has offices in the UK, US and
Germany.
CAUTIONARY STATEMENT The announcement
may contain forward-looking statements. These statements may relate
to (i) future capital expenditures, expenses, revenues, earnings,
synergies, economic performance, indebtedness, financial condition,
dividend policy, losses or future prospects, and (ii) developments,
expansion or business and management strategies of the Company.
Forward-looking statements are identified by the use of such terms
as "believe", "could", "should", "envisage", "anticipate", "aim",
"estimate", "potential", "intend", "may", "plan", "will" or
variations or similar expressions, or the negative thereof. Any
forward-looking statements contained in this announcement are based
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that could cause actual results to differ materially from those
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prove incorrect, the Company's actual results may vary materially
from those expected, estimated or projected. No representation or
warranty is made that any forward-looking statement will come to
pass. Any forward-looking statements speak only as at the date of
this announcement. The Company and its directors expressly disclaim
any obligation or undertaking to publicly release any update or
revisions to any forward-looking statements contained in this
announcement to reflect any change in events, conditions or
circumstances on which any such statements are based after the time
they are made, other than in accordance with its legal or
regulatory obligations (including under the UK Listing Rules and
the Disclosure Guidance and Transparency Rules of the Financial
Conduct Authority). Nothing in this announcement shall exclude any
liability under applicable laws that cannot be excluded in
accordance with such laws.