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ABDP Ab Dynamics Plc

1,790.00
5.00 (0.28%)
26 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
  5.00 0.28% 1,790.00 1,760.00 1,790.00 1,780.00 1,775.00 1,780.00 6,065 16:35:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 100.77M 10.99M 0.4797 37.00 406.49M

AB Dynamics PLC Exercise of Share Options (7239J)

06/12/2018 3:33pm

UK Regulatory


Ab Dynamics (LSE:ABDP)
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TIDMABDP

RNS Number : 7239J

AB Dynamics PLC

06 December 2018

AB Dynamics plc

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

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 142,702 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 142,702 New Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 12 December 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 
 Rob Hart        55,696 
                ------------------ 
 Colin Martin    15,243 
                ------------------ 
 Andrew Pick     10,000 
                ------------------ 
 Employees       61,763 
                ------------------ 
 Total           142,702 
                ------------------ 
 

Total voting rights

Following Admission, the Company's enlarged issued share capital will comprise 19,679,236 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, 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                        Rob Hart 
     --------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status             Director 
     --------------------------  ------------------------------------------ 
 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 55,696 options over Ordinary 
                                   Shares with an exercise price of GBP3.95 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                    Price(s)    Volume(s) 
                                     Exercise    GBP3.95     55,696 
                                                ----------  ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
      - Aggregated volume         As above 
      - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction 
     --------------------------  ------------------------------------------ 
 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 15,243 options over Ordinary 
                                   Shares with an exercise price of GBP3.95 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                    Price(s)    Volume(s) 
                                     Exercise    GBP3.95     15,243 
                                                ----------  ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
      - Aggregated volume         As above 
      - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction 
     --------------------------  ------------------------------------------ 
 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 10,000 options over Ordinary 
                                   Shares with an exercise price of GBP3.95 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                    Price(s)    Volume(s) 
                                     Exercise    GBP3.95     10,000 
                                                ----------  ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
      - Aggregated volume         As above 
      - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction 
     --------------------------  ------------------------------------------ 
 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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(END) Dow Jones Newswires

December 06, 2018 10:33 ET (15:33 GMT)

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