Auction Technology Group (ATG)

Sector:

IT Services

Index:

FTSE 250

618.00p
   
  • Change Today:
    -15.00p
  • 52 Week High: 778.00
  • 52 Week Low: 448.00
  • Currency: UK Pounds
  • Shares Issued: 121.73m
  • Volume: 200,930
  • Market Cap: £752.31m
  • RiskGrade: 274

Auction Technology gets regulatory clearances for LiveAuctioneers deal

By Michele Maatouk

Date: Wednesday 29 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Online auction platform Auction Technology has now received all antitrust and regulatory clearances - including from the UK's Competition and Markets Authority - for its acquisition of LiveAuctioneers.
The company announced in June that it had agreed to buy the US arts and antiques marketplace for $525m. It said on Wednesday that it now expects the deal to complete "shortly".

Chief executive officer John-Paul Savant said: "We are incredibly excited to welcome LiveAuctioneers to ATG. This is a significant milestone that will enhance our ability to support the transformation of the auction industry in its structural shift to online, and brings exciting new opportunities to further enable auctions to play their part in accelerating the growth of the circular economy.

"This combination will enable more auction houses to thrive in an increasingly digital world, extending their reach to bidders globally, and bring bidders access to millions of items. We will have a combined and growing network of circa 3,800 auction houses, c. 800,000 bidders, and host c.70,000 auctions per year.

"Through further building our presence in the large and rapidly growing US arts and antiques market, and adding technology capability and scale, we look forward to continuing to strengthen our partnership with auctioneers in the years ahead."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ATG Market Data

Currency UK Pounds
Share Price 618.00p
Change Today -15.00p
% Change -2.37 %
52 Week High 778.00
52 Week Low 448.00
Volume 200,930
Shares Issued 121.73m
Market Cap £752.31m
RiskGrade 274

ATG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.54% below the market average35.54% below the market average35.54% below the market average35.54% below the market average35.54% below the market average
7.14% below the sector average7.14% below the sector average7.14% below the sector average7.14% below the sector average7.14% below the sector average
Price Trend
9.03% below the market average9.03% below the market average9.03% below the market average9.03% below the market average9.03% below the market average
8.51% below the sector average8.51% below the sector average8.51% below the sector average8.51% below the sector average8.51% below the sector average
Income Not Available
Growth
16.31% below the market average16.31% below the market average16.31% below the market average16.31% below the market average16.31% below the market average
18.18% below the sector average18.18% below the sector average18.18% below the sector average18.18% below the sector average18.18% below the sector average

ATG Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 69,323 @ 618.00p
16:35 1,272 @ 618.00p
16:35 1,440 @ 618.00p
16:35 208 @ 618.00p
16:35 489 @ 618.00p

ATG Key Personnel

CEO John-Paul Savant
CFO Tom Hargreaves

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