AB Dynamics PLC Block Listing Application (8560L)

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

END

ALSURVURKUAKAAR

(END) Dow Jones Newswires

September 10, 2019 08:55 ET (12:55 GMT)