AB Dynamics PLC Director/PDMR Shareholding (0402J)

TIDMABDP

RNS Number : 0402J

AB Dynamics PLC

30 November 2018

30 November 2018

AB Dynamics plc

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

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 27 November 2018 Adrian Simms, a director of Anthony Best Dynamics Ltd, sold 8,186 ABD ordinary shares at a price of 1485.00 pence per share, representing 0.04% of the Company's issued ordinary share capital.

Following the sale, Mr Simms together with his wife Julie Simms remains interested in 13,105 ABD ordinary shares, representing 0.07% 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, Non-Executive Chairman 
  Dr. James Routh, Chief Executive 
  Officer 
  Rob Hart, Chief Financial Officer    01225 860 200 
 Cairn Financial Advisers LLP 
  (Nomad) 
  Tony Rawlinson 
  Liam Murray                          0207 213 0880 
 Cantor Fitzgerald Europe (Broker) 
  Phil Davies - Corporate Finance 
  David Foreman - Corporate Finance 
  Caspar Shand-Kydd - Sales            0207 894 7000 
 IFC Advisory (PR) 
  Tim Metcalfe 
  Heather Armstrong 
  Graham Herring                       0203 934 6630 
 

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 160 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                         Adrian Simms 
      ---------------------------  -------------------------------------- 
 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 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) 
                                       14.85      8,186 
                                                 ---------- 
      ---------------------------  -------------------------------------- 
 d)    Aggregated information 
       - Aggregated volume 
       - Price 
      ---------------------------  -------------------------------------- 
 
 e)    Date of the transaction        27-11-18 
      ---------------------------  -------------------------------------- 
 f)    Place of the transaction     AIM 
      ---------------------------  -------------------------------------- 
 

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

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November 30, 2018 04:16 ET (09:16 GMT)