AB Dynamics PLC Exercise of Share Options (5408Q)

TIDMABDP

RNS Number : 5408Q

AB Dynamics PLC

13 September 2017

13 September 2017

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 notices to exercise options from certain employees and PDMRs of the Company (the "Option Exercise") to subscribe for a total of 82,053 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 82,053 New Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 18 September 2017. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

On 12 September 2017, Colin Martin, a Director of the Company exercised options over 21,667 New Ordinary Shares at a price of 395 pence per share, representing 0.1% of the Company's issued ordinary share capital.

On 12 September 2017, Andrew Rumble, a Director of the Company exercised options over 21,986 New Ordinary Shares at a price of 395 pence per share, representing 0.1% of the Company's issued ordinary share capital.

Total voting rights

Following Admission, the Company's enlarged issued share capital will comprise 19,193,999 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.

For further information please contact:

 
 AB Dynamics plc 
  Tim Rogers, Managing Director 
  Tony Best, Chairman              01225 860 200 
 Cairn Financial Advisers 
  LLP (Nomad) 
  Tony Rawlinson 
  Liam Murray                      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 110 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.

 
 Notification of a Transaction pursuant to Article 
  19(1) of Regulation (EU) No. 596/2014 
--------------------------------------------------------------------- 
 Details of the person discharging managerial 
  responsibilities/person closely associated 
--------------------------------------------------------------------- 
 Name                          Colin Martin 
----------------------------  --------------------------------------- 
 Reason for 
  notification 
----------------------------  --------------------------------------- 
 Position/Status               Director of Anthony Best Dynamics 
                                Ltd 
----------------------------  --------------------------------------- 
 Initial notification/         Initial notification 
  Amendment 
----------------------------  --------------------------------------- 
 Details of the issuer, emission allowance market 
  participant, auction platform, auctioneer or 
  auction monitor 
--------------------------------------------------------------------- 
 Name                          AB Dynamics PLC 
----------------------------  --------------------------------------- 
 LEI                           213800OFXZP4A7I47K43 
----------------------------  --------------------------------------- 
 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 
--------------------------------------------------------------------- 
 Description 
  of the financial              Ordinary Shares of 1p each 
  instrument, 
  type of instrument 
 
  Identification                GB00B9GQVG73 
  Code 
----------------------------  --------------------------------------- 
 Nature of the                 Purchase 
  transaction 
----------------------------  --------------------------------------- 
 
 Price(s) and                  Price(s)           Volume(s) 
  volume(s) 
----------------------------  -----------------  ----------------- 
                               395p               21,667 
                              -----------------  ----------------- 
 
 Aggregated 
  information 
 
  - Aggregated 
  Volume                         21,667 
 
  - Price                        395p 
----------------------------  --------------------------------------- 
 Date of the                   12 September 2017 
  transaction 
----------------------------  --------------------------------------- 
 Place of the                  AIM 
  transaction 
----------------------------  --------------------------------------- 
 Details of the person discharging managerial 
  responsibilities/person closely associated 
--------------------------------------------------------------------- 
 Name                          Andrew Rumble 
----------------------------  --------------------------------------- 
 Reason for 
  notification 
----------------------------  --------------------------------------- 
 Position/Status               Director of Anthony Best Dynamics 
                                Ltd 
----------------------------  --------------------------------------- 
 Initial notification/         Initial notification 
  Amendment 
----------------------------  --------------------------------------- 
 Details of the issuer, emission allowance market 
  participant, auction platform, auctioneer or 
  auction monitor 
--------------------------------------------------------------------- 
 Name                          AB Dynamics PLC 
----------------------------  --------------------------------------- 
 LEI                           213800OFXZP4A7I47K43 
----------------------------  --------------------------------------- 
 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 
--------------------------------------------------------------------- 
 Description 
  of the financial              Ordinary Shares of 1p each 
  instrument, 
  type of instrument 
 
  Identification                GB00B9GQVG73 
  Code 
----------------------------  --------------------------------------- 
 Nature of the                 Purchase 
  transaction 
----------------------------  --------------------------------------- 
 
 Price(s) and                  Price(s)           Volume(s) 
  volume(s) 
----------------------------  -----------------  ----------------- 
                               395p               21,986 
                              -----------------  ----------------- 
 
 Aggregated 
  information 
                                 21,986 
  - Aggregated 
  Volume                         395p 
 
  - Price 
----------------------------  --------------------------------------- 
 Date of the                   12 September 2017 
  transaction 
----------------------------  --------------------------------------- 
 Place of the                  AIM 
  transaction 
----------------------------  --------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 13, 2017 02:00 ET (06:00 GMT)