AB Dynamics PLC Correction: PDMR share dealings (3448M)

TIDMABDP

RNS Number : 3448M

AB Dynamics PLC

13 September 2019

The following amendment has been made to the 'PDMR share dealings' announcement released on 10 September 2019 at 1:52pm under RNS No 8554L

The number of ordinary shares that Colin Martin remains interested in should have read 17,739 ordinary shares compared to the 17,500 ordinary shares figure previously disclosed.

All other details remain unchanged. The full amended text is shown below.

London, 10 September 2019

AB Dynamics plc

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

PDMR share dealings

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, announces that on 6 September 2019, Andrew Rumble, a director of Anthony Best Dynamics Ltd, disposed of 22,557 ordinary shares at a price of 2,660 pence per share, representing 0.10% of the Company's issued ordinary share capital.

Also on 9 September 2019, Colin Martin, a director of Anthony Best Dynamics Ltd, disposed of 3,200 ordinary shares at a price of 2,640 pence per share, representing 0.01% of the Company's issued ordinary share capital.

Following the sale, Andrew Rumble, together with his spouse Nicola Rumble, remains beneficially interested in 186,343 ordinary shares, representing 0.84% of the Company's issued share capital and Colin Martin remains interested in 17,739 ordinary shares, representing 0.08% of the Company's issued share capital.

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 
   Tony Best, Non-Executive Chairman 
   Dr James Routh, CEO                                   01225 860 200 
  Cairn Financial Advisers LLP (Nomad) 
   Tony Rawlinson 
   Liam Murray 
   Ludovico Lazzaretti                                   0207 213 0880 
  Cantor Fitzgerald Europe (Broker) 
   Phil Davies, David Foreman (Corporate Finance) 
   Caspar Shand Kydd, Keith Dowsing, Arthur Gordon 
   (Equity Sales)                                        0207 894 7000 
  Tulchan Communications (PR) 
   James Macey White 
   Matt Low 
   Deborah Roney                                         0207 353 420 
 
 
 

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, 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.

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

 
 1    Details of the relevant person / person closely associated 
 a)   Name                             a) Andrew Rumble 
                                        b) Colin Martin 
     --------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                  a) Director of Anthony Best Dynamics 
                                        Ltd 
                                        b) Director of Anthony Best Dynamics 
                                        Ltd 
     --------------------------  ------------------------------------------- 
 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 the          Ordinary Shares 
       financial instrument, 
       type of instrument 
      Identification code         ISIN: GB00B9GQVG73 
     --------------------------  ------------------------------------------- 
 b)   Nature of the transaction   Disposal of Ordinary Shares 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)            Volume(s) 
                                          a) GBP26.60         a) 22,557 
                                           b) GBP26.40         b) 3,200 
                                                        --------------- 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information 
      - Aggregated volume         N/A 
      - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     9 September 2019 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ------------------------------------------- 
 

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.

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September 13, 2019 11:24 ET (15:24 GMT)