AB Dynamics PLC Director/PDMR Shareholding (8116M)

TIDMABDP

RNS Number : 8116M

AB Dynamics PLC

02 May 2018

AB Dynamics plc

("ABD" or the "Company")

PDMR share dealing

AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry announces that on 01 May 2018 Anthony Best sold 100,000 ABD ordinary shares at a price of 990 pence per share, representing 0.52% of the Company's issued ordinary share capital.

Following the sale, Mr Best together with his wife Naemi Best remain interested in 6,147,107 ABD ordinary shares, representing 31.71% of the Company's issued share capital.

On 01 May 2018, Anne Middleton, a director of Anthony Best Dynamics Limited, sold 100,000 ABD ordinary shares at a price of 990 pence per share, representing 0.52% of the Company's issued ordinary share capital. Following the sale, Anne Middleton remains interested in 1,200,000 ABD ordinary shares, representing 6.19% 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 Robert Hart, Chief Financial Officer of the Company.

For further information please contact:

 
 AB Dynamics plc 
  Tony Best, Chairman 
  Rob Hart, Chief Financial 
  Officer                      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 
 IFC Advisory (PR) 
  Tim Metcalfe 
  Heather Armstrong 
  Graham Herring               0203 053 8671 
 

Overview of AB Dynamics plc

ABD is a leading designer, manufacturer and provider of advanced testing and measurement products for vehicle suspension, brakes and steering to the global automotive research and development sector. The Group was founded in 1982 and listed on AIM in May 2013. The Group is headquartered in Bradford on Avon employing approximately 130 staff. ABD currently supplies twenty of the top twenty automotive manufacturers, including Honda, Toyota, Ford and Volkswagen, who routinely use the Group's products to test vehicle safety 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                      Anthony Best 
     ------------------------  ------------------------ 
 2    Reason for the notification 
     -------------------------------------------------- 
 a)   Position/status           Chairman 
     ------------------------  ------------------------ 
 b)   Initial notification/     Initial 
       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               Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument 
      Identification 
       code                       GB00B9GQVG73 
     ------------------------  ------------------------ 
 b)   Nature of the             Sale 
       transaction 
     ------------------------  ------------------------ 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                   9.90       100,000 
                                             ---------- 
     ------------------------  ------------------------ 
 d)   Aggregated information 
      - Aggregated 
       volume 
      - Price 
     ------------------------  ------------------------ 
 e)   Date of the               01/05/18 
       transaction 
     ------------------------  ------------------------ 
 f)   Place of the              AIM 
       transaction 
     ------------------------  ------------------------ 
 
 
 1    Details of the relevant person / person closely 
       associated 
 a)   Name                     Anne Middleton 
     -----------------------  ---------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------- 
 a)   Position/status          Director of Anthony Best Dynamics 
                                Ltd 
     -----------------------  ---------------------------------- 
 b)   Initial notification/    Initial 
       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              Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument 
      Identification           GB00B9GQVG73 
       code 
     -----------------------  ---------------------------------- 
 b)   Nature of the            Sale 
       transaction 
     -----------------------  ---------------------------------- 
 c)   Price(s) and               Price(s)   Volume(s) 
       volume(s)                  9.90       100,000 
                                            ---------- 
     -----------------------  ---------------------------------- 
 d)   Aggregated information 
      - Aggregated 
       volume 
      - Price 
     -----------------------  ---------------------------------- 
 e)   Date of the              01/05/18 
       transaction 
     -----------------------  ---------------------------------- 
 f)   Place of the             AIM 
       transaction 
     -----------------------  ---------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 02, 2018 02:01 ET (06:01 GMT)