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3 May 2017 13:39
AB Dynamics plc
("ABD" or the "Company")
Director's dealing
AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry announces the following dealings in the ordinary shares of the Company made by directors.
On 3 May 2017, Rob Hart, CFO of the Company disposed of 1,985 ABD ordinary shares at a price of 575 pence per share, representing 0.01% of the Company's issued ordinary share capital. Following the sale, Mr Hart remains interested in 17,347 ABD ordinary shares, representing 0.09% of the Company's issued share capital
On 3 May 2017, Jeanette Grafstrom, wife of the Company's CEO Tim Rogers, disposed of 6,000 ABD ordinary shares at a price of 571 pence per share, representing 0.03% of the Company's issued ordinary share capital. Following the sale, Mr Rogers together with his wife Jeanette Grafstrom remain interested in 392,953 ABD ordinary shares, representing 2.06% 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 Tim Rogers, Chief Executive Officer Tony Best, Non-executive Chairman
| 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. ABD is headquartered in Bradford-on-Avon employing approximately 100 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.
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 | Robert Hart | ||||
2 | Reason for the notification | |||||
a) | Position/status | CFO of AB Dynamics Plc | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
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 financial instrument, type of instrument | Ordinary Shares of 1p each | ||||
| Identification code | GB00B9GQVG73
| ||||
b) | Nature of the transaction | Disposal | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
| ||||
| - Aggregated volume | 1,985 | ||||
| - Price | 575p | ||||
e) | Date of the transaction | 3 May 2017 | ||||
f) | Place of the transaction | AIM
| ||||
1 | Details of the relevant person / person closely associated | |||||
a) | Name | Jeanette Grafstrom | ||||
2 | Reason for the notification | |||||
a) | Position/status | Wife of CEO of AB Dynamics Plc | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
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 financial instrument, type of instrument | Ordinary Shares of 1p each | ||||
| Identification code | GB00B9GQVG73
| ||||
b) | Nature of the transaction | Disposal | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
| ||||
| - Aggregated volume | 6,000 | ||||
| - Price | 571p | ||||
e) | Date of the transaction | 3 May 2017 | ||||
f) | Place of the transaction | AIM
| ||||
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