AB Dynamics PLC Block Listing Application (8560L)
10 September 2019 - 2:55PM
UK Regulatory
TIDMABDP
RNS Number : 8560L
AB Dynamics PLC
10 September 2019
London, 10 September 2019
AB Dynamics plc
("AB Dynamics" "ABD" or the "Company")
Block Listing Application
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and
supplier of advanced testing systems and measurement products to
the global automotive market, announces that an application has
been made to the London Stock Exchange for a block listing of
376,746 ordinary shares of GBP0.01 each in the Company ("Ordinary
Shares").
These Ordinary Shares will be issued in order to satisfy the
requirement to allot shares under the AB Dynamics plc Enterprise
Management Incentive Share Option Plan, the AB Dynamics plc Company
Share Option Plan and the AB Dynamics plc Unapproved Company Share
Option Plan, in the allocation detailed in the table below.
AB Dynamics plc Enterprise Management Incentive
Share Option Plan 100,487
AB Dynamics plc Company Share Option Plan 146,855
--------
AB Dynamics plc Unapproved Company Share Option
Plan 129,404
--------
It is expected that admission will become effective on or around
13 September 2019. The Ordinary Shares under the block listing will
rank pari passu with the Company's existing Ordinary Shares.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 and has been arranged for
release by Dr James Routh, CEO of the Company.
Enquires:
AB Dynamics plc 01225 860 200
Tony Best, Non-Executive Chairman
Dr James Routh, Chief Executive Officer
Mat Hubbard, Chief Technology Officer
Cantor Fitzgerald Europe (Broker) 0207 894 7000
Phil Davies, David Foreman (Corporate Finance)
Caspar Shand Kydd, Keith Dowsing, Arthur
Gordon (Equity Sales)
Cairn Financial Advisers (Nomad) 0207 213 0880
Tony Rawlinson
Liam Murray
Ludovico Lazzaretti
Tulchan Communications 0207 353 4200
James Macey White
Matt Low
Deborah Roney
Overview of AB Dynamics plc
AB Dynamics is a leading designer, manufacturer and provider of
advanced products for testing and verification of Advanced Driver
Assistance Systems ("ADAS") technology, autonomous vehicle
development and vehicle dynamics to the global automotive research
and development sector.
AB Dynamics is an international group of companies headquartered
in Bradford-on-Avon (the Group), UK. The Group currently supplies
all the top automotive manufacturers, Tier 1 suppliers and service
providers, who routinely use the Group's products to test and
verify vehicle safety systems and dynamics.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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