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ABDP Ab Dynamics Plc

1,790.00
-10.00 (-0.56%)
Last Updated: 09:53:25
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ab Dynamics Plc LSE:ABDP London Ordinary Share GB00B9GQVG73 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -10.00 -0.56% 1,790.00 1,780.00 1,800.00 1,805.00 1,790.00 1,805.00 5,176 09:53:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 100.77M 10.99M 0.4797 37.42 411.07M

AB Dynamics PLC Exercise of Options (9650N)

27/09/2019 10:58am

UK Regulatory


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RNS Number : 9650N

AB Dynamics PLC

27 September 2019

London, 27 September 2019

AB Dynamics plc

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

Exercise of Options

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, announces the exercise of options held by certain employees and PDMRs of the Company and Robert Hart, a former employee of the Company, (the "Option Exercise") in respect of a total of 199,526 new ordinary shares of 1 pence each in the Company (the "New Ordinary Shares").

The exercise price of 197,178 of the options is 395 pence each, the remaining 2,348 options were exercised at 445 pence. Further details concerning the PDMRs exercising options are detailed in the table below:

 
                              Number of      Resulting shareholding   Percentage shareholding 
                      options exercised    in the Company following            in the Company 
                                                exercise of options        following exercise 
                                                                                   of options 
 Matthew Hubbard*          7,594                            115,243                     0.51% 
                    -------------------  --------------------------  ------------------------ 
 Colin Martin              10,256                            27,995                     0.12% 
                    -------------------  --------------------------  ------------------------ 
 Stephen Neads*            23,756                            95,742                     0.43% 
                    -------------------  --------------------------  ------------------------ 
 Andrew Pick*              11,044                            28,111                     0.13% 
                    -------------------  --------------------------  ------------------------ 
 Andrew Rumble*            43,970                           203,313                     1.03% 
                    -------------------  --------------------------  ------------------------ 
 Adrian Simms*             7,594                             20,699                     0.09% 
                    -------------------  --------------------------  ------------------------ 
 

*These individuals' resulting shareholding includes the shareholding of persons closely associated with them.

The Company has previously applied to list these New Ordinary Shares as part of the block listing of 376,746 ordinary shares of GBP0.01 each in the Company. The New Ordinary Shares rank pari passu with the existing ordinary shares in the Company.

Total voting rights

As a result of this issuance, the Company's enlarged issued share capital will comprise 22,419,508 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 Dr James Routh, CEO of the Company.

Enquires:

 
 AB Dynamics plc                                   01225 860 200 
 Tony Best, Non-Executive Chairman 
 Dr James Routh, Chief Executive Officer 
 Mat Hubbard, Chief Technology Officer 
 
 Cantor Fitzgerald Europe (Broker)                 0207 894 7000 
 Phil Davies, David Foreman (Corporate Finance) 
  Caspar Shand Kydd, Keith Dowsing, Arthur 
  Gordon (Equity Sales) 
 
 Cairn Financial Advisers (Nomad)                  0207 213 0880 
 Tony Rawlinson 
  Liam Murray 
  Ludovico Lazzaretti 
 
 
 Tulchan Communications                            0207 353 4200 
 James Macey White 
  Matt Low 
  Deborah Roney 
 

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 (the Group), 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.

 
 1    Details of the relevant person / person closely associated 
 a)   Name                             a) Matthew Hubbard 
                                        b) Colin Martin 
                                        c) Stephen Neads 
                                        d) Andrew Pick 
                                        e) Andrew Rumble 
                                        f) Adrian Simms 
     --------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                  a) Director of the Company 
                                        b) Director of Anthony Best Dynamics 
                                        Ltd 
                                        c) Director of Anthony Best Dynamics 
                                        Ltd 
                                        d) Director of Anthony Best Dynamics 
                                        Ltd 
                                        e) Director of Anthony Best Dynamics 
                                        Ltd 
                                        f) 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          Options over Ordinary Shares 
       financial instrument, 
       type of instrument 
      Identification code         ISIN: GB00B9GQVG73 
     --------------------------  ------------------------------------------- 
 b)   Nature of the transaction   Exercise of Options 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)          Volume(s) 
                                          a) GBP3.95        a) 7,594 
                                                             b) 10,256 
                                                             c) 23,756 
                                                             d) 11,044 
                                                             e) 43,970 
                                                             f) 7,594 
                                                      ---------------- 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information 
      - Aggregated volume         N/A 
      - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     a) 25 September 2019 
                                   b) 7,594 Shares on 25 September 2019 
                                   and 
                                   2,662 Shares on 26 September 2019 
                                   c) 25 September 2019 
                                   d) 25 September 2019 
                                   e) 25 September 2019 
                                   f) 25 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 rns@lseg.com or visit www.rns.com.

END

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September 27, 2019 05:58 ET (09:58 GMT)

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