REG - Auction Technology - Directorate Change

Auction TechnologyAnnouncement

09/08/2024 17:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240809:nRSI9678Za&default-theme=true

RNS Number : 9678Z  Auction Technology Group PLC  09 August 2024

 

 

9 August 2024

Auction Technology Group plc

("ATG" or the "Company")

 

Directorate Changes

ATG announces that Breon Corcoran is stepping down as Chair and non-executive
director of the Company with immediate effect in order to focus on other
professional and family commitments, including IG Group where he was appointed
Chief Executive in January 2024. Breon was appointed as Chair of ATG in 2020
and led the Company through its IPO in 2021.

The Board is pleased to announce that, in line with a succession planning
exercise carried out by the Nomination Committee in consultation with external
advisers, Scott Forbes has been appointed as his successor with immediate
effect. Scott is an experienced Chair with over 30 cumulative years of Board
and Chair experience for digital marketplace businesses in the United Kingdom
and North America. Scott has been ATG's Senior Independent Director since its
IPO.

ATG Audit Committee Chair Suzanne Baxter has been appointed as Senior
Independent Director.  Suzanne has over 18 years' continuous experience as a
UK listed company director, including 11 as an executive and 11 years in a
non-executive capacity.  Suzanne joined the board in 2022.  The Company is
undertaking a process to appoint a new non-executive director and will update
the market on its progress with this appointment in due course.

The Board would like to thank Breon for his contribution and dedication to the
Company and wishes him well for the future.

Breon Corcoran said: "It has been a privilege to chair ATG over the last four
years. I am confident in the Group's inherent strengths and leadership and
that ATG's solid positioning will ensure an attractive future for all of its
stakeholders."

LEI: 213800U8Q9K2XI3WRE39

 

About Auction Technology Group plc

Auction Technology Group plc is the operator of world-leading marketplaces
and auction services for curated online auctions, seamlessly connecting
bidders from around the world to around 4,000 trusted auction houses across
two major sectors: Industrial & Commercial and Art & Antiques. The
Group powers eight online marketplaces and listing sites using its proprietary
auction platform technology, hosting in excess of 85,000 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.

 

 

 

For further information, please contact:

 

 ATG

 For investor enquiries                investorrelations@auctiontechnologygroup.com

 For media enquiries                   press@auctiontechnologygroup.com

 Company Secretary                     cosec@auctiontechnologygroup.com

 Teneo Communications                  +44 207 353 4200

 (Public relations advisor to ATG)     ATG@teneo.com

 Tom Murray, Matt Low, Arthur Rogers

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of the Market Abuse Regulation (EU 596/2014) which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOABUGDIXUGDGSC