SpaceX IPO is the biggest IPO in stock market history. Join the conversation.Click here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAB Dynamics Regulatory News (ABDP)

Share Price Information for AB Dynamics (ABDP)

Share Price is delayed by 15 minutes
Get Live Data
1,056.00    22.00 (2.13%)
Bid:
1,046.00
Ask:
1,054.00
Spread: 8.00 (0.765%)
Market Cap: £241.72m
ABDP Live PriceLast checked at - London Stock Exchange

Intraday AB Dynamics Share Chart

Contract Win

24 Mar 2014 07:00

RNS Number : 9444C
AB Dynamics PLC
24 March 2014
 



24 March 2014.

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

Contract win

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, is pleased to announce that it has received an order from a new overseas customer for a high specification Suspension Parameter Measurement Machine ("SPMM").

The SPMM order, placed by China Automobile Engineering Research Institute (CAERI) is valued at more than £1.6 million with delivery expected in June 2015. Most of the value of the contract is expected to be recognised in the Company's financial year commencing 1 September 2014. This will be the sixth SPMM that the company has delivered to China. The contract provides ABD with further future revenue visibility and highlights the motor industry's continued demand for its SPMMs.

Tim Rogers, Managing Director of AB Dynamics commented:

"The new SPMM provides excellent extended visibility to the Group's future revenues. We are very pleased to have achieved a further sale in China, underlying the strength of our position in the global automotive industry."

 

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

Avi Robinson

 

0207 148 7900

Charles Stanley Securities Limited (Broker)

Dugald J. Carlean

Karri Vuori

 

0207 149 6000

 

Newgate Threadneedle (PR)

Josh Royston

Heather Armstrong

 

0207 653 9850

 

 

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 50 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 vehicle safety and dynamics.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTMMGZFNMMGDZM
Date   Source Headline
25th Apr 20177:00 amRNSInterim Results
29th Mar 20177:00 amRNSTrading Update and Notice of Interim Results
9th Mar 20174:35 pmRNSDirector's dealing
5th Jan 20172:33 pmRNSDirector's dealing
21st Dec 20167:00 amRNSResult of Offer for Subscription
8th Dec 20164:12 pmRNSResult of AGM
6th Dec 20164:28 pmRNSResult of Placing
6th Dec 20162:05 pmRNSUpdate on Proposed Placing
6th Dec 20167:00 amRNSProposed Placing and Offer for Subscription
21st Nov 201612:41 pmRNSNotice of AGM
16th Nov 20167:25 amRNSFinal Results
16th Nov 20167:00 amRNSFinal Results
17th Oct 20167:00 amRNSBoard changes - Tim Rogers appointed CEO
4th Oct 20167:00 amRNSFull Year Trading Update and Notice of Results
22nd Aug 20161:06 pmRNSDirector/PDMR Shareholding
12th Aug 201612:44 pmRNSHolding(s) in Company
12th Jul 20167:00 amRNSNew Share Option Scheme and Trading Update
4th Jul 201610:22 amRNSDirector's Dealing
1st Jul 201611:52 amRNSHolding(s) in Company
24th Jun 20167:00 amRNSExercise of Share Options and Total Voting Rights
16th Jun 20167:00 amRNSSenior Management Appointment
14th Jun 20167:00 amRNSHolding(s) in Company
4th May 20163:45 pmRNSDirectors Dealings
26th Apr 20167:00 amRNSInterim Results
24th Mar 20167:00 amRNSTrading Update and Notice of Interim Results
2nd Mar 20167:00 amRNSAppointment of Broker
18th Jan 201612:45 pmRNSDirector's Dealing
10th Dec 201512:39 pmRNSResult of AGM
10th Dec 20157:00 amRNSDirectors Dealing
8th Dec 201512:31 pmRNSHolding(s) in Company
30th Nov 201512:20 pmRNSDirectors' dealings
12th Nov 20157:00 amRNSFinal Results
7th Oct 20153:31 pmRNSFull Year Trading Update and Notice of Results
21st Jul 20157:01 amRNSChange of Broker
25th Jun 201510:51 amRNSHolding in Company
12th Jun 20152:21 pmRNSShare Dealings
4th Jun 20158:46 amRNSHolding in Company
4th Jun 20157:00 amRNSExercise of Share Options and Warrants
28th Apr 20157:01 amRNSInterim Results for the 6 months ended 28 Feb 2015
21st Apr 20152:45 pmRNSAB Dynamics wins Wiltshire Business Awards
20th Mar 20157:00 amRNSTrading Update and Notice of Results
12th Feb 20157:00 amRNSAward of £2.3m Regional Growth Fund grant
29th Jan 20157:00 amRNSNew Contract Win
3rd Dec 20147:00 amRNSExercise of Warrants
13th Nov 20147:00 amRNSFinal Results
30th Sep 20144:17 pmRNSTrading Update
10th Sep 20147:00 amRNSPre-Close Trading Update
6th Jun 20142:46 pmRNSHolding(s) in Company
6th Jun 20142:42 pmRNSHolding(s) in Company
6th Jun 20142:41 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.