Auction Technology Group has rejected 11 approaches, the latest offering 360p cash per share, shares now 270p

Mark Watson-Mitchell - 05.01.2026

It has been announced this morning that Auction Technology (LON:ATG) has rejected eleven unsolicited, conditional proposals from its largest shareholder, FitzWalter Capital Limited, with the most recent offer being 360p per share in cash, stating that these proposals fundamentally undervalue the company.

The Group's shares, which closed at 270p on Friday night, could well trade above that possible Offer Price on the back of this morning's news.

The ATG Board believes FitzWalter's offers are an opportunistic attempt to acquire the company at a time when its market valuation is disconnected from its fair value.

ATG remains confident in its standalone prospects and will provide an update on its progress during its AGM Trading Update on Thursday, 22nd January.

FitzWalter is required to announce a firm intention to make an offer or confirm it will not by Monday, 2nd February.

Hold tight - the eventual bid could well be far higher than discussed.