Sign In
Last checked at 
20 Nov 2018 11:02
AB Dynamics plc
("AB Dynamics" or "ABD" or the "Group")
Director's and PDMR share dealings
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 19 November 2018 Tony Best sold 100,000 ABD ordinary shares at a price of 1497.75 pence per share, representing 0.51% of the Company's issued ordinary share capital. Following the sale, Mr Best together with his wife Naemi Best remain interested in 6,047,107 ABD ordinary shares, representing 30.95% of the Company's issued share capital.
On 19 November 2018, Andrew Rumble, a director of Anthony Best Dynamics Ltd, sold 60,000 ABD ordinary shares at a price of 1497.75 pence per share, representing 0.31% of the Company's issued ordinary share capital. Following the sale, Mr Rumble together with his wife Nicky Rumble remain interested in 209,565 ABD ordinary shares, representing 1.07% 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 Robert Hart, Chief Financial Officer 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 | Tony Best | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director | ||||
b) | Initial notification/ Amendment | Initial | ||||
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 | ||||
| Identification code |
GB00B9GQVG73
| ||||
b) | Nature of the transaction | Disposal | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
| ||||
| - Aggregated volume |
| ||||
| - Price |
| ||||
e) | Date of the transaction | 19-11-18 | ||||
f) | Place of the transaction | AIM
| ||||
1 | Details of the relevant person / person closely associated | |||||
a) | Name | Andrew Rumble | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director of Anthony Best Dynamics Ltd | ||||
b) | Initial notification/ Amendment | Initial | ||||
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 | ||||
| Identification code |
GB00B9GQVG73
| ||||
b) | Nature of the transaction | Disposal | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
| ||||
| - Aggregated volume |
| ||||
| - Price |
| ||||
e) | Date of the transaction | 19-11-18 | ||||
f) | Place of the transaction | AIM
| ||||
Follow the stocks
