TIDMABDP

RNS Number : 0709Z

AB Dynamics PLC

09 March 2017

9 March 2017

AB Dynamics plc

("ABD" or the "Company")

Director's dealing

AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry announces that on 6 March 2017 Timothy (Tim) Rogers transferred 50,000 ABD ordinary shares for nil consideration representing 0.26% of the Company's issued ordinary share capital to his wife Jeanette Grafstrom.

Following the sale, Mr Rogers together with his wife Jeanette Grafstrom remains interested in 398,953 ABD ordinary shares, representing 2.09% of the Company's issued share capital.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

 
 AB Dynamics plc 
  Tim Rogers, Chief Executive Officer 
  Tony Best, Non-executive Chairman      01225 860 200 
 Cairn Financial Advisers LLP 
  (Nomad) 
  Tony Rawlinson 
  Liam Murray 
  Richard Nash                           0207 213 0880 
 Cantor Fitzgerald Europe (Broker) 
  David Foreman 
  Phil Davies                            0207 894 7000 
 Newgate (PR) 
  Adam Lloyd 
  Helena Bogle                           0207 653 9850

Overview of AB Dynamics plc

ABD is a leading designer, manufacturer and provider of advanced testing and measurement products for vehicle suspension, brakes and steering to the global automotive research and development sector. The Group was founded in 1982 and listed on AIM in May 2013. ABD is headquartered in Bradford-on-Avon employing approximately 90 staff. ABD currently supplies all of the top twenty automotive manufacturers, including Honda, Toyota, Ford and Volkswagen, who routinely use the Group's products to test vehicle safety and dynamics.

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

 
 Notification of a Transaction pursuant to Article 19(1) of 
  Regulation (EU) No. 596/2014 
---------------------------------------------------------------------------------------------- 
 Details of the person discharging managerial responsibilities/person 
  closely associated 
---------------------------------------------------------------------------------------------- 
 Name                                       Timothy (Tim) Rogers 
-----------------------------------------  --------------------------------------------------- 
 Reason for notification 
-----------------------------------------  --------------------------------------------------- 
 Position/Status                            Chief Executive Officer of AB Dynamics Plc 
-----------------------------------------  --------------------------------------------------- 
 Initial notification/                      Initial notification 
  Amendment 
-----------------------------------------  --------------------------------------------------- 
 Details of the issuer, emission allowance market participant, 
  auction platform, auctioneer or auction monitor 
---------------------------------------------------------------------------------------------- 
 Name                                       AB Dynamics Plc 
-----------------------------------------  --------------------------------------------------- 
 LEI                                         213800OFXZP4A7I47K43 
-----------------------------------------  --------------------------------------------------- 
 Details of the transaction(s): section to be repeated for 
  (i) each type of instrument; (ii) each type of transaction; 
  (iii) each date; and (iv) each place where transactions have 
  been conducted 
---------------------------------------------------------------------------------------------- 
 Description of                             Ordinary Shares of 1 p each. 
  the financial 
  instrument, type 
  of instrument                              ISIN: GB00B9GQVG73 
 
  Identification 
  Code 
-----------------------------------------  --------------------------------------------------- 
 Nature of the                              Gift of shares to spouse at nil value 
  transaction 
-----------------------------------------  --------------------------------------------------- 
 
 Price(s) and volume(s)                      Price(s)                Volume(s) 
-----------------------------------------   ----------------------  ---------------------- 
   Nil                                                               50,000 
  ----------------------------------------------------------------  ---------------------- 
 
 Aggregated information 
 
  - Aggregated Volume                         50,000 
 
  - Price                                     Nil 
-----------------------------------------  --------------------------------------------------- 
 Date of the transaction                    6 March 2017 
-----------------------------------------  --------------------------------------------------- 
 Place of the transaction                   London Stock Exchange 
-----------------------------------------  ---------------------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 09, 2017 11:35 ET (16:35 GMT)

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