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ABDP Ab Dynamics Plc

1,800.00
-30.00 (-1.64%)
24 Apr 2024 - Closed
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
  -30.00 -1.64% 1,800.00 1,800.00 1,820.00 1,845.00 1,805.00 1,845.00 35,089 16:35:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 100.77M 10.99M 0.4797 37.73 414.51M

AB Dynamics PLC Exercise of Share Options (3612V)

23/07/2018 7:00am

UK Regulatory


Ab Dynamics (LSE:ABDP)
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TIDMABDP

RNS Number : 3612V

AB Dynamics PLC

23 July 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 the exercise of options held by certain employees and PDMRs of the Company (the "Option Exercise") in respect of a total of 123,922 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 123,922 New Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 26 July 2018. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

Of the options exercised the following were by PDMRs of the Company.

 
 PDMR             Options exercised 
 Stephen Neads    20,214 
                 ------------------ 
 Colin Martin     4,333 
                 ------------------ 
 Andrew Pick      8,000 
                 ------------------ 
 Adrian Simms     11,437 
                 ------------------ 
 Employees        79,938 
                 ------------------ 
 Total            123,922 
                 ------------------ 
 

Total voting rights

Following Admission, the Company's enlarged issued share capital will comprise 19,536,534 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, CFO of the Company.

For further information please contact:

 
 AB Dynamics plc 
  Tony Best, Chairman 
  Rob Hart, CFO                       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 140 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   Exercise of 20,214 options over Ordinary 
                                   Shares with an exercise price of GBP3.95 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                    Price(s)    Volume(s) 
                                     Exercise    GBP3.95     20,214 
                                                ----------  ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
      - Aggregated volume         As above 
      - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     20 July 2018 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    AIM 
     --------------------------  ------------------------------------------ 
 
 
 1    Details of the relevant person / person closely associated 
 a)   Name                        Colin Martin 
     --------------------------  ------------------------------------------ 
 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   Exercise of 4,333 options over Ordinary 
                                   Shares with an exercise price of GBP3.95 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                    Price(s)    Volume(s) 
                                     Exercise    GBP3.95     4,333 
                                                ----------  ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
      - Aggregated volume         As above 
      - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     20 July 2018 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    AIM 
     --------------------------  ------------------------------------------ 
 
 
 1    Details of the relevant person / person closely associated 
 a)   Name                        Andrew Pick 
     --------------------------  ------------------------------------------ 
 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   Exercise of 8,000 options over Ordinary 
                                   Shares with an exercise price of GBP3.95 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                    Price(s)    Volume(s) 
                                     Exercise    GBP3.95     8,000 
                                                ----------  ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
      - Aggregated volume         As above 
      - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     20 July 2018 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    AIM 
     --------------------------  ------------------------------------------ 
 
 
 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 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   Exercise of 11,437 options over Ordinary 
                                   Shares with an exercise price of GBP3.95 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                    Price(s)    Volume(s) 
                                     Exercise    GBP3.95     11,437 
                                                ----------  ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
      - Aggregated volume         As above 
      - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     20 July 2018 
     --------------------------  ------------------------------------------ 
 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 rns@lseg.com or visit www.rns.com.

END

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July 23, 2018 02:00 ET (06:00 GMT)

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