AB Dynamics PLC Director/PDMR Shareholding (8795P)

TIDMABDP

RNS Number : 8795P

AB Dynamics PLC

31 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 25 May 2018 Stephen Neads sold 25,000 ABD ordinary shares at a price of 1045 pence per share, representing 0.13% of the Company's issued ordinary share capital.

Following the sale, Mr Neads remains interested in 82,986 ABD ordinary shares, representing 0.43% 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                        Stephen Neads 
     --------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------ 
 a)   Position/status             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          GB00B9GQVG73 
     --------------------------  -------------------------------------- 
 b)   Nature of the transaction   Disposal 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                      GBP10.45    25,000 
                                     ----------  ---------- 
     --------------------------  -------------------------------------- 
 d)   Aggregated information 
      - Aggregated volume         As above 
      - Price                     As above 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction      25 May 2018 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    AIM 
     --------------------------  -------------------------------------- 
 

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May 31, 2018 08:48 ET (12:48 GMT)