Directorate Change

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.

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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. 

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