AB Dynamics PLC Exercise of Share Options (3282C)
19 Januar 2018 - 8:00AM
UK Regulatory
TIDMABDP
RNS Number : 3282C
AB Dynamics PLC
19 January 2018
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 the exercise of options
held by certain employees and PDMRs of the Company (the "Option
Exercise") in respect of a total of 193,486 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 193,486 New Ordinary Shares to be admitted to trading on
AIM ("Admission") and Admission is expected to occur on or around
23 January 2018. The New Ordinary Shares will rank pari passu with
the existing ordinary shares in the Company.
Of the options exercised the following were by PDMRs of the
Company.
PDMR Options exercised Shares sold Sale price per share
Stephen Neads 21,986 Nil -
Adrian Simms 14,133 14,133 850p
Jeremy Ash 14,093 14,093 850p
Andrew Pick 4,000 Nil -
Karen Pluse 13,554 13,554 850p
Stuart Luke 13,182 13,182 850p
Total voting rights
Following Admission, the Company's enlarged issued share capital
will comprise 19,387,485 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 and has been arranged for
release by Robert Hart, Chief Financial Officer of the Company.
For further information please contact:
AB Dynamics plc
Tim Rogers, CEO
Rob Hart, CFO 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
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
120 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.
1 Details of the relevant person / person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Stephen Neads
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Director of Anthony Best Dynamics Ltd
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/ Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer
--- -----------------------------------------------------------------------------------------------------------------
a) Name AB Dynamics PLC
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800OFXZP4A7I47K43
--- -------------------------------------------------------- -------------------------------------------------------
4 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
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary Shares
instrument
Identification code GB00B9GQVG73
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of 21,986 options over Ordinary Shares with
an exercise price of GBP3.95
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ---------- ----------
Exercise GBP3.95 21,986
---------- ---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 18 January 2018
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction AIM
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the relevant person / person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Adrian Simms
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Senior Manager
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/ Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer
--- -----------------------------------------------------------------------------------------------------------------
a) Name AB Dynamics PLC
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800OFXZP4A7I47K43
--- -------------------------------------------------------- -------------------------------------------------------
4 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
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary Shares
instrument
Identification code GB00B9GQVG73
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of 14,133 options over Ordinary Shares with
an exercise price of GBP3.95
Sale of 14,133 Ordinary Shares at a price of GBP8.50
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ---------- ----------
Exercise GBP3.95 14,133
---------- ---------- ----------
Sale GBP8.50 14,133
---------- ---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 18 January 2018
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction AIM
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the relevant person / person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Jeremy Ash
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Senior Manager
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/ Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer
--- -----------------------------------------------------------------------------------------------------------------
a) Name AB Dynamics PLC
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800OFXZP4A7I47K43
--- -------------------------------------------------------- -------------------------------------------------------
4 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
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary Shares
instrument
Identification code GB00B9GQVG73
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of 14,093 options over Ordinary Shares with
an exercise price of GBP3.95
Sale of 14,093 Ordinary Shares at a price of GBP8.50
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ---------- ----------
Exercise GBP3.95 14,093
---------- ---------- ----------
Sale GBP8.50 14,093
---------- ---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 18 January 2018
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction AIM
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the relevant person / person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Andrew Pick
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Senior Manager
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/ Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer
--- -----------------------------------------------------------------------------------------------------------------
a) Name AB Dynamics PLC
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800OFXZP4A7I47K43
--- -------------------------------------------------------- -------------------------------------------------------
4 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
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary Shares
instrument
Identification code GB00B9GQVG73
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of 4,000 options over Ordinary Shares with an
exercise price of GBP3.95
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ---------- ----------
Exercise GBP3.95 4,000
---------- ---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 18 January 2018
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction AIM
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the relevant person / person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Karen Pluse
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Senior Manager
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/ Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer
--- -----------------------------------------------------------------------------------------------------------------
a) Name AB Dynamics PLC
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800OFXZP4A7I47K43
--- -------------------------------------------------------- -------------------------------------------------------
4 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
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary Shares
instrument
Identification code GB00B9GQVG73
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of 13,554 options over Ordinary Shares with
an exercise price of GBP3.95
Sale of 13,554 Ordinary Shares at a price of GBP8.50
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ---------- ----------
Exercise GBP3.95 13,554
---------- ---------- ----------
Sale GBP8.50 13,554
---------- ---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 18 January 2018
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction AIM
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the relevant person / person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Stuart Luke
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Senior Manager
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/ Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer
--- -----------------------------------------------------------------------------------------------------------------
a) Name AB Dynamics PLC
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800OFXZP4A7I47K43
--- -------------------------------------------------------- -------------------------------------------------------
4 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
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary Shares
instrument
Identification code GB00B9GQVG73
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of 13,182 options over Ordinary Shares with
an exercise price of GBP3.95
Sale of 13,182 Ordinary Shares at a price of GBP8.50
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ---------- ----------
Exercise GBP3.95 13,182
---------- ---------- ----------
Sale GBP8.50 13,182
---------- ---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 18 January 2018
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction AIM
--- -------------------------------------------------------- -------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 19, 2018 02:00 ET (07:00 GMT)
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