AB Dynamics PLC Exercise of Share Options (5408Q)
13 September 2017 - 8:00AM
UK Regulatory
TIDMABDP
RNS Number : 5408Q
AB Dynamics PLC
13 September 2017
13 September 2017
AB Dynamics plc
("ABD" or the "Company")
Exercise of Share Options
Total Voting Rights
Exercise of options
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and
supplier of advanced testing systems and measurement products to
the global automotive industry, announces that it has received
notices to exercise options from certain employees and PDMRs of the
Company (the "Option Exercise") to subscribe for a total of 82,053
new ordinary shares of 1 pence each in the Company (the "New
Ordinary Shares"). The exercise price of the options is 395 pence
each.
Application has been made to the London Stock Exchange for a
total of 82,053 New Ordinary Shares to be admitted to trading on
AIM ("Admission") and Admission is expected to occur on or around
18 September 2017. The New Ordinary Shares will rank pari passu
with the existing ordinary shares in the Company.
On 12 September 2017, Colin Martin, a Director of the Company
exercised options over 21,667 New Ordinary Shares at a price of 395
pence per share, representing 0.1% of the Company's issued ordinary
share capital.
On 12 September 2017, Andrew Rumble, a Director of the Company
exercised options over 21,986 New Ordinary Shares at a price of 395
pence per share, representing 0.1% of the Company's issued ordinary
share capital.
Total voting rights
Following Admission, the Company's enlarged issued share capital
will comprise 19,193,999 ordinary shares. The Company does not hold
any shares in treasury. This figure may be used by shareholders in
the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change of interest in, the share capital of the Company under the
FCA's Disclosure and Transparency Rules.
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, Managing Director
Tony Best, Chairman 01225 860 200
Cairn Financial Advisers
LLP (Nomad)
Tony Rawlinson
Liam Murray 0207 213 0880
Cantor Fitzgerald Europe
(Broker)
David Foreman
Phil Davies 0207 894 7000
IFC Advisory (PR)
Tim Metcalfe
Heather Armstrong
Graham Herring 0203 053 8671
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. The
Group is headquartered in Bradford on Avon employing approximately
110 staff. ABD currently supplies twenty 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 Colin Martin
---------------------------- ---------------------------------------
Reason for
notification
---------------------------- ---------------------------------------
Position/Status Director of Anthony Best Dynamics
Ltd
---------------------------- ---------------------------------------
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 the financial Ordinary Shares of 1p each
instrument,
type of instrument
Identification GB00B9GQVG73
Code
---------------------------- ---------------------------------------
Nature of the Purchase
transaction
---------------------------- ---------------------------------------
Price(s) and Price(s) Volume(s)
volume(s)
---------------------------- ----------------- -----------------
395p 21,667
----------------- -----------------
Aggregated
information
- Aggregated
Volume 21,667
- Price 395p
---------------------------- ---------------------------------------
Date of the 12 September 2017
transaction
---------------------------- ---------------------------------------
Place of the AIM
transaction
---------------------------- ---------------------------------------
Details of the person discharging managerial
responsibilities/person closely associated
---------------------------------------------------------------------
Name Andrew Rumble
---------------------------- ---------------------------------------
Reason for
notification
---------------------------- ---------------------------------------
Position/Status Director of Anthony Best Dynamics
Ltd
---------------------------- ---------------------------------------
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 the financial Ordinary Shares of 1p each
instrument,
type of instrument
Identification GB00B9GQVG73
Code
---------------------------- ---------------------------------------
Nature of the Purchase
transaction
---------------------------- ---------------------------------------
Price(s) and Price(s) Volume(s)
volume(s)
---------------------------- ----------------- -----------------
395p 21,986
----------------- -----------------
Aggregated
information
21,986
- Aggregated
Volume 395p
- Price
---------------------------- ---------------------------------------
Date of the 12 September 2017
transaction
---------------------------- ---------------------------------------
Place of the AIM
transaction
---------------------------- ---------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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