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RESULT OF PLACING IN AUCTION TECHNOLOGY GROUP PLC
RESULT OF PLACING IN AUCTION TECHNOLOGY GROUP PLC.
About this update from Auction Technology Group Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER FOR SALE OF, OR THE SOLICITATION OF AN OFFER TO BUY, THE SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION, INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.\nPLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\nRESULT OF PLACING OF ORDINARY SHARES IN AUCTION TECHNOLOGY GROUP PLC (\"ATG\" OR THE \"COMPANY\")\n28 June 2024\nFurther to the announcement released on 27 June 2024 in relation to a proposed secondary sale of ordinary shares in ATG (the \"Placing\"), TA Associates through its sub-funds TA XIII-A L.P., TA XIII-B, L.P., TA Investors XIII L.P., TA Investors IV EU AIV L.P. and TA Subordinated Debt Fund IV L.P. (together, the \"Sellers\") announce that pursuant to the Placing, the Sellers have sold an aggregate of approximately 6.1 million ordinary shares in the share capital of ATG, by way of an accelerated bookbuild to institutional investors at a price of 525 pence per ordinary share, raising gross proceeds of approximately £32 million.\nFollowing the completion of the Placing, TA Associates will hold approximately 15.3 million ordinary shares in the capital of ATG, representing approximately 12.6% of ATG's issued share capital.\nThe Sellers will be locked up in respect of their residual holdings until 60 days post settlement of the Placing, subject to customary exceptions.\nJ.P. Morgan Securities plc (\"J.P. Morgan\"), which conducts its UK investment banking activities as J.P. Morgan Cazenove (\"J.P. Morgan Cazenove\") acted as sole global coordinator and sole bookrunner in connection with the Placing.\nATG will not receive any proceeds from the Placing.\n \nEnquiries\n\n\n\n\nJ.P. Morgan Cazenove\n(Sole Global Coordinator and Sole Bookrunner)\n\n\n+44 (0) 20 7742 4000\n\n\n\n\nVirginie De Grivel Nigam, Harry Sanders, Edoardo Maria Giacobbe\n\n\n \n\n\n\n\n \nIMPORTANT NOTICE\nThis announcement is not for publication or distribution or release, directly or indirectly, in or into th...