AB Dynamics PLC Update on Proposed Placing (1098R)

TIDMABDP

RNS Number : 1098R

AB Dynamics PLC

06 December 2016

AB Dynamics plc

("ABD" or the "Company")

Update on Proposed Placing

Other than where defined, capitalised terms used in this announcement have the same meanings given to them in the announcement released by the Company this morning at 7:00 a.m. (the "Placing Announcement").

Selling Shareholders

Further to the Placing Announcement regarding the Company's proposed Placing of Ordinary Shares, the Company announces that it has been advised that the Selling Shareholders are willing to sell, in aggregate, up to 300,000 Existing Ordinary Shares in the Company on the same terms as outlined in the Placing Announcement. The Selling Shareholders Agreement is expected to be entered into shortly on this basis.

Prior to publication, certain information contained within this announcement was deemed to constitute inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon publication of this announcement, this information is now considered to be in the public domain.

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 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 06, 2016 09:05 ET (14:05 GMT)