Auction Technology Group (ATG): FitzWalter Capital Limited campaign

What is happening

Auction Technology Group: FitzWalter Capital Limited campaign – campaign. ['campaign']

In short

FitzWalter's public campaign over the Chairish deal, margins and the I&C sale discussions ran through January 2026, with the board giving I&C interest detail on 22 January. On 2 February 2026 FitzWalter confirmed it does not intend to make an offer. The board responded the same day, is bound by Rule 2.8, and says it looks forward to continuing constructive dialogue with FitzWalter, which remains the largest shareholder.

Announced

13 Dec 2024 · 13.0977%

Latest

7 May 2026 · 27.4533%

I&C interest

Preliminary interest from two third parties and FitzWalter; none beyond exploratory stage (22 January 2026)

Progress

None moved beyond exploratory stage; no NDA executed; no formal terms

FitzWalter material

10-page presentation based on public information provided as a 'teach in'

Use of proceeds

Not debated by the board because discussions were embryonic

Bid status

FitzWalter confirmed on 2 February 2026 it does not intend to make an offer for ATG

Restriction

Bound by Rule 2.8 of the Takeover Code; six months from 2 February 2026, with stated exceptions

Board view

Grateful for shareholder engagement; looks forward to continuing constructive dialogue with FitzWalter

Last proposal

400p cash possible offer, rejected unanimously by the board on 19 January 2026

What comes next

Rule 2.8 restriction on FitzWalter offer runs for six months.

From the company's own announcements. Not investment advice.