Last checked at 21 Mar 2018 07:00
AB Dynamics plc
("ABD" or the "Company")
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 19 March 2018 Andrew Rumble, a director of Anthony Best Dynamics Ltd, disposed of 22,553 ABD ordinary shares at a price of 932 pence per share, representing 0.116% of the Company's issued ordinary share capital.
On 19 March 2018, Nicola Rumble, wife of Andrew Rumble, disposed of 1,190 ABD ordinary shares at a price of 950 pence per share representing 0.01% of the Company's issued ordinary share capital.
Following the sale, Mr Rumble together with his wife Nicola Rumble remain interested in 269,565 ABD ordinary shares, representing 1.39% 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, Chairman Rob Hart, Chief Financial Officer
| 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. The Group is headquartered in Bradford on Avon employing approximately 130 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 | Andrew Rumble | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Director of Anthony Best Dynamics Ltd | ||||||
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 | ||||||
| Identification code |
GB00B9GQVG73
| ||||||
b) | Nature of the transaction | Disposal | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information |
| ||||||
| - Aggregated volume | As above | ||||||
| - Price | As above | ||||||
e) | Date of the transaction |
19 March 2018 | ||||||
f) | Place of the transaction | AIM
| ||||||
1 | Details of the relevant person / person closely associated | |||||||
a) | Name | Nicola Rumble | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Wife of Andrew Rumble - Director of Anthony Best Dynamics Ltd | ||||||
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 | ||||||
| Identification code |
GB00B9GQVG73
| ||||||
b) | Nature of the transaction | Disposal | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information |
| ||||||
| - Aggregated volume | As above | ||||||
| - Price | As above | ||||||
e) | Date of the transaction | 19 March 2018 | ||||||
f) | Place of the transaction | AIM
| ||||||