AB Dynamics PLC PDMR Dealing (3508S)

TIDMABDP

RNS Number : 3508S

AB Dynamics PLC

08 March 2019

AB Dynamics plc

("ABD" or the "Group")

PDMR Dealing

AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, announces it was notified on 8 March 2019 that Stephen Neads, a PDMR of the Company, transferred 5,000 ordinary shares on 7 March 2019 to his wife Rita Neads, representing 0.03% of the Company's issued ordinary share capital, for nil consideration.

Following the transfer, Mr Neads and his wife Mrs Neads both remain interested in 82,986 ABD ordinary shares, representing 0.42% of the Company's issued share capital.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

 
 AB Dynamics plc                      01225 860 200 
 Tony Best, Non-Executive Chairman 
  Dr James Routh, CEO 
 Cairn Financial Advisers LLP 
  (Nomad)                             0207 213 0880 
 Tony Rawlinson 
  Liam Murray 
  Richard Nash 
 Cantor Fitzgerald Europe (Broker)    0207 894 7000 
 Phil Davies 
  David Foreman 
 Tulchan Communications (PR)          0207 353 4200 
 James Macey White 
  Matt Low 
  Deborah Roney 
 

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. ABD is headquartered in Bradford-on-Avon employing approximately 180 staff. ABD currently supplies all of the top twenty automotive manufacturers, including Honda, Toyota, Ford and Volkswagen, who routinely use the Group's products to test Advanced Driver Assistance Systems ("ADAS"), autonomous vehicles, vehicle safety and dynamics.

 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1       Details of the person discharging managerial responsibilities/person 
          closely associated 
        ------------------------------------------------------------------------------- 
 a.      Name                                          a) Stephen Neads 
                                                        b) Rita Neads 
        ---------------------------------------  -------------------------------------- 
 2       Reason for notification 
        ---------------------------------------  -------------------------------------- 
 a.      Position/Status                               a) PDMR 
                                                        b) PCA to Stephen Neads 
        ---------------------------------------  -------------------------------------- 
 b.      Initial notification/                    Initial Notification 
          Amendment 
        ---------------------------------------  -------------------------------------- 
 3       Details of the issuer, emission allowance market participant, 
          auction platform, auctioneer or auction monitor 
        ------------------------------------------------------------------------------- 
 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 financial                            Ordinary shares of 1p each 
          instrument, type 
          of instrument 
 
          Identification                           ISIN: GB00B9GQVG73 
          Code 
        ---------------------------------------  -------------------------------------- 
 b.      Nature of the                             Transfer of ordinary shares 
          transaction 
        ---------------------------------------  -------------------------------------- 
 
 c.      Price(s) and volume(s)                    Price(s) per         Volume(s) 
                                                    share 
        ---------------------------------------   ------------------- 
    Nil cost                                                            5,000 
   ------------------------------------------------------------------  ------------- 
 
 d.      Aggregated information 
                                                    N/a 
          - Aggregated Volume 
 
          - Price 
        ---------------------------------------  -------------------------------------- 
 e.      Date of the transaction                  7 March 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 [e-mail] or visit www.rns.com.

END

MSCKMGGFFRMGLZM

(END) Dow Jones Newswires

March 08, 2019 09:15 ET (14:15 GMT)