Auction Technology - Fitzwalter Capital makes a Statement, shares up 61p at 331p
- Mark Watson-Mitchell
- 1 day ago
- 1 min read
Mark Watson-Mitchell - 05.01.2026
This afternoon Fitzwalter Capital has issued a Statement regarding Auction Technology Group (LON:ATG).
FitzWalter Capital Limited, for and on behalf of funds and/or investment vehicles managed or advised by it, notes today's announcement by ATG regarding FitzWalter's potential offer to acquire the entire issued and to be issued share capital of the Company not already owned by it.
FitzWalter confirms that it made an indicative offer of 360 pence in cash per ATG share on 23 December 2025 (the "Proposal").
The Proposal represents a premium of approximately 33 per cent. to the closing ATG share price on 2 January of 270 pence.
By the ATG Board's own admission, ATG's announcement today was pre-emptive of an irrevocable commitment by FitzWalter to make a possible offer for ATG public.
However, the Board did not see fit to provide shareholders with the full detail of this commitment.
FitzWalter is considering its response to the board's pre-emptive disclosure and a further announcement will be made in due course.
The Auction Technology Group shares have, understandably, been quite a firm market today, now up 61p at 331p.
I consider that Fitzwalter will need to pay more to get Board agreement for any bid.
