AB Dynamics PLC PDMR/PCA Shareholding (3744Q)

TIDMABDP

RNS Number : 3744Q

AB Dynamics PLC

28 June 2022

28 June 2022

AB Dynamics plc

("AB Dynamics" the "Group" or the "Company")

PDMR/PCA Shareholding

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing, simulation and measurement products to the global transport market, announces that it was notified that on 23 June 2022 Mr Tony Best, a person discharging managerial responsibilities by virtue of his role as a Special Advisor to the Board, sold 45,700 ordinary shares of 1 penny each in the Company ("Ordinary Shares") at a weighted average price of 1094.5 pence per share. In addition, the Company was notified that on 23 June 2022 Mrs Naemi Best, a person closely associated with Mr Tony Best, sold 45,700 Ordinary Shares at a weighted average price of 1094.5 pence per share.

Following these transactions, Mr Best and persons closely associated with Mr Best, retain an interest in 5,834,707 Ordinary Shares, representing approximately 25.79% of the current issued share capital.

 
 Contact: 
 
 AB Dynamics plc                            01225 860 200 
 Dr James Routh, Chief Executive Officer 
 Sarah Matthews-DeMers, Chief Financial 
  Officer 
 
 Peel Hunt LLP                              0207 894 7000 
 Mike Bell 
 Ed Allsopp 
 
 Tulchan Communications                     0207 353 4200 
 James Macey White 
 Matt Low 
  Laura Marshall 
 
 

The person responsible for arranging the release of this information is David Forbes, Company Secretary.

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                         Mr Tony Best 
      ---------------------------  ------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------ 
 a)    Position/status              Special Advisor to the Board (PDMR) 
      ---------------------------  ------------------------------------- 
 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                Sale of Ordinary Shares 
        transaction 
      ---------------------------  ------------------------------------- 
 c)    Price(s) and volume(s)         Price(s)   Volume(s) 
                                       1094.5p    45,700 
                                                 ---------- 
      ---------------------------  ------------------------------------- 
 d)    Aggregated information 
       - Aggregated volume          N/A 
       - Price 
      ---------------------------  ------------------------------------- 
 e)    Date of the transaction      23 June 2022 
      ---------------------------  ------------------------------------- 
 f)    Place of the transaction     London Stock Exchange 
      ---------------------------  ------------------------------------- 
 
 
      Details of the relevant person / person closely associated 
 a)   Name                        Mrs Naemi Best 
     --------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------ 
 a)   Position/status             Person closely associated (PCA) with 
                                   Mr Tony Best 
     --------------------------  -------------------------------------- 
 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               Sale of Ordinary Shares 
       transaction 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                     1094.5p    45,700 
                                               ---------- 
     --------------------------  -------------------------------------- 
 d)   Aggregated information 
      - Aggregated volume         N/A 
      - Price 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     23 June 2022 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  -------------------------------------- 
 

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June 28, 2022 02:00 ET (06:00 GMT)