Business
Statement regarding Possible Offer
Auction Technology Group plc has responded to FitzWalter Capital Limited's announcement regarding a possible offer, clarifying that while preliminary expressions of interest in its Industrial & Commercial division were received from two third parties and FitzWalter, none progressed beyond the exploratory stage, with no Non-Disclosure Agreements signed and only a basic presentation provided to FitzWalter. The Board remains confident in the company's prospects as a listed entity and expects FitzWalter to either make a firm proposal reflecting fair value by February 2, 2026, or withdraw its interest. Disclaimer*
About this update from Auction Technology Group Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\n \nTHIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\") AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE\n \nFOR IMMEDIATE RELEASE\n \n22 January 2026\n \n \nAuction Technology Group plc (\"ATG\" or the \"Company\")\n \nStatement regarding Possible Offer for ATG by FitzWalter Capital Limited (\"FitzWalter\")\n \n \nThe Board of ATG (the \"Board\") notes the announcement made by FitzWalter on 22 January 2026.\n \nThe Board's focus remains on acting in the best interests of all shareholders. As part of its trading update this morning, the Board outlined its position in relation to previous statements from FitzWalter regarding its Industrial & Commercial division (\"I&C\").\n \nFollowing FitzWalter's announcement this morning, the Board wants to provide additional clarity and set out facts clearly to shareholders in relation to I&C:\n \n· over a number of months, the Board received preliminary expressions of interest in I&C from two credible third parties;\n· in addition, the Board received an expression of interest in I&C from FitzWalter;\n· none of those expressions of interest moved beyond the exploratory stage;\n· no NDA was executed with any of the parties;\n· a 10-page presentation, based on information already within the public domain, was provided to FitzWalter as a \"teach in\" on I&C;\n· no formal terms were provided by either counterparty; and\n· the discussions were embryonic, and therefore the Board did not debate the use of proceeds.\n \nThe Board remains fully confident in the prospects of the Company, in its current structure, and as a listed entity, to create material value for its shareholders over the medium-term.\n \nThe Board continu...