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10 Mar 2021 16:15
10 March 2021
AB Dynamics plc
("AB Dynamics", the "Company" or the "Group")
Exercise of Options and Dealing by a Director
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, announces it has issued and allotted 33,333 ordinary shares of 1 penny each ("New Ordinary Shares"). The New Ordinary Shares are being issued pursuant to the exercise of options under the Unapproved Company Share Option Plan to James Routh, Chief Executive Officer of the Company.
Accordingly, application has been made for the 33,333 New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective, and that dealings will commence in the New Ordinary Shares at 08.00 a.m. on 15 March 2021. The New Ordinary Shares will rank, pari passu, with the existing ordinary shares in the Company.
In conjunction with the option exercise and issue of New Ordinary Shares, Dr Routh has sold 27,478 New Ordinary Shares in order to meet the cost of the exercise and to satisfy personal taxation liabilities arising from the exercise. Following these transactions, Dr Routh's shareholding in the Company will increase by 5,855 shares to 13,193 shares, representing 0.058% per cent. of the Company's issued share capital.
Total voting rights
Following Admission, the Company's enlarged issued share capital will comprise 22,618,558 ordinary shares of 1 penny each. The Company does not hold any shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the FCA's Disclosure, Guidance and Transparency Rules.
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.
Enquiries:
AB Dynamics plc | 01225 860 200 |
Dr James Routh, Chief Executive Officer Sarah Matthews-DeMers, Chief Financial Officer | |
Peel Hunt LLP | 0207 418 8900 |
Mike Bell Ed Allsopp | |
Tulchan Communications | 0207 353 4200 |
James Macey White Matt Low Laura Marshall |
The person responsible for arranging the release of this information is Felicity Jackson, Company Secretary.
The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a. | Name | James Routh | |||||||||
2. | Reason for the notification | ||||||||||
a. | Position/status | CEO | |||||||||
b. | Initial notification /Amendment | Initial notification | |||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
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 Identification code | Ordinary shares of 1 penny
GB00B9GQVG73 | |||||||||
b. | Nature of the transaction |
1) Exercise of Unapproved Company Share Option Plan options
2) Sale of New Ordinary Shares
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c. | Price(s) and volume(s) |
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d. | Aggregated information · Aggregated volume · Price
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As above | |||||||||
e. | Date of the transaction | 9 March 2021 | |||||||||
f. | Place of the transaction | 1) Outside a trading venue 2) London Stock Exchange, AIM | |||||||||
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