AB Dynamics PLC Director/PDMR Shareholding (5156D)

TIDMABDP

RNS Number : 5156D

AB Dynamics PLC

22 June 2023

22 June 2023

AB Dynamics plc

("AB Dynamics" or the "Company")

PDMR/PCA Shareholding

Issue of Equity

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global transport market, announces it has issued and allotted 33,334 ordinary shares of 1 penny each ("New Ordinary Shares"). The New Ordinary Shares are being issued to James Routh, Chief Executive Officer of the Company, pursuant to the exercise of options under certain share option schemes.

Accordingly, application has been made for the 33,334 New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective, and that dealings will commence in the New Ordinary Shares at 08.00 a.m. on 23 June 2023. The New Ordinary Shares will rank, pari passu, with the existing ordinary shares in the Company.

In conjunction with the option exercise and issue of New Ordinary Shares, Dr Routh has sold 27,101 New Ordinary Shares in order to meet the cost of the exercise and to satisfy personal taxation liabilities arising from the exercise. Following these transactions, Dr Routh's shareholding in the Company will increase by 6,233 shares to 25,433 shares, representing 0.11% per cent. of the Company's issued share capital.

Total voting rights

Following Admission, the Company's enlarged issued share capital will comprise 22,934,365 ordinary shares of 1 penny each. 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, Guidance 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 Felicity Jackson, on behalf of the Company Secretary.

 
 Contact: 
 
 AB Dynamics plc                            01225 860 200 
 Dr James Routh, Chief Executive Officer 
 Sarah Matthews-DeMers, Chief Financial 
  Officer 
 
 Peel Hunt LLP                              0207 418 8900 
 Mike Bell 
 Ed Allsopp 
 
 Tulchan Communications                     0207 353 4200 
 James Macey White 
 Matt Low 
 
 

The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

 
       Details of the relevant person / person closely associated 
   1 
 a)    Name                         Dr James Routh 
      ---------------------------  ------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------ 
 a)    Position/status              Chief Executive Officer 
      ---------------------------  ------------------------------------- 
 b)    Initial notification/        Initial notification 
        Amendment 
      ---------------------------  ------------------------------------- 
 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               Ordinary Shares 
        the financial 
        instrument, type 
        of instrument 
       Identification               ISIN: GB00B9GQVG73 
        code 
      ---------------------------  ------------------------------------- 
 b)    Nature of the                     1) Exercise of share options 
        transaction                       2) Sale of Ordinary Shares 
      ---------------------------  ------------------------------------- 
 c)    Price(s) and volume(s)            Price(s)   Volume(s) 
                                     1)   1230p      33,334 
                                     2)   2000p      27,101 
                                         ---------  ---------- 
      ---------------------------  ------------------------------------- 
 d)    Aggregated information 
       - Aggregated volume          N/A 
       - Price 
      ---------------------------  ------------------------------------- 
 e)    Date of the transaction      2 0 June 2023 
      ---------------------------  ------------------------------------- 
 f)    Place of the transaction          1) Outside of a trading venue 
                                          2) London Stock Exchange, AIM 
      ---------------------------  ------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHUARAROVUNUUR

(END) Dow Jones Newswires

June 22, 2023 02:00 ET (06:00 GMT)