AB Dynamics PLC Exercise of Options (1573O)

TIDMABDP

RNS Number : 1573O

AB Dynamics PLC

15 May 2018

AB Dynamics plc

("ABD" or the "Company")

Exercise of Share Options

Total Voting Rights

Exercise of options

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, announces that it has received a notice to exercise options (the "Option Exercise") to subscribe for a total of 25,127 new ordinary shares of 1 pence each in the Company (the "New Ordinary Shares"). The exercise price of the options is 395 pence each.

Application has been made to the London Stock Exchange for a total of 25,127 New Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 21 May 2018. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

Total voting rights

Following Admission, the Company's enlarged issued share capital will comprise 19,412,612 ordinary shares. The Company does not hold any shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 15, 2018 08:41 ET (12:41 GMT)