AB Dynamics PLC PDMR share dealing (5385L)

TIDMABDP

RNS Number : 5385L

AB Dynamics PLC

06 September 2019

AB Dynamics plc

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

PDMR share dealing

AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry announces that on 5 September 2019, Stephen Neads, a director of Anthony Best Dynamics Ltd, disposed of 10,000 ABD ordinary shares at a price of 2765 pence per share, representing 0.05% of the Company's issued ordinary share capital.

Following the sale, Mr Neads remains interested in 67,986 ABD ordinary shares, representing 0.31% of the Company's issued share capital.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and has been arranged for release by Felicity Jackson, Company Secretary of the Company.

For further information please contact:

 
 AB Dynamics plc 
  Tony Best, Non-Executive Chairman 
  Dr James Routh, CEO                                01225 860 200 
 Cairn Financial Advisers LLP (Nomad) 
  Tony Rawlinson 
  Liam Murray 
  Ludovico Lazzaretti                                0207 213 0880 
 Cantor Fitzgerald Europe (Broker) 
  Phil Davies, David Foreman (Corporate Finance) 
  Caspar Shand Kydd, Keith Dowsing, Arthur Gordon 
  (Equity Sales)                                     0207 894 7000 
 Tulchan Communications (PR) 
  James Macey White 
  Matt Low 
  Deborah Roney                                      0207 353 420 
 

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, UK, employing approximately 260 staff. 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.

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         ISIN: GB00B9GQVG73 
     --------------------------  -------------------------------------- 
 b)   Nature of the transaction   Disposal of Ordinary Shares 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP27.65    10,000 
                                                ---------- 
     --------------------------  -------------------------------------- 
 d)   Aggregated information 
      - Aggregated volume         N/A 
      - Price 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     5 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 [e-mail] or visit www.rns.com.

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September 06, 2019 07:40 ET (11:40 GMT)