Last checked at 13 Sep 2017 07:00
13 September 2017
AB Dynamics plc
("ABD" or the "Company")
Exercise of Share Options
Total Voting Rights
Exercise of options
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, announces that it has received notices to exercise options from certain employees and PDMRs of the Company (the "Option Exercise") to subscribe for a total of 82,053 new ordinary shares of 1 pence each in the Company (the "New Ordinary Shares"). The exercise price of the options is 395 pence each.
Application has been made to the London Stock Exchange for a total of 82,053 New Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 18 September 2017. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.
On 12 September 2017, Colin Martin, a Director of the Company exercised options over 21,667 New Ordinary Shares at a price of 395 pence per share, representing 0.1% of the Company's issued ordinary share capital.
On 12 September 2017, Andrew Rumble, a Director of the Company exercised options over 21,986 New Ordinary Shares at a price of 395 pence per share, representing 0.1% of the Company's issued ordinary share capital.
Total voting rights
Following Admission, the Company's enlarged issued share capital will comprise 19,193,999 ordinary shares. 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 and Transparency Rules.
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, Managing Director Tony Best, Chairman
| 01225 860 200 |
Cairn Financial Advisers LLP (Nomad) Tony Rawlinson Liam Murray
| 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 110 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.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||||||
Details of the person discharging managerial responsibilities/person closely associated | |||||||
Name | Colin Martin | ||||||
Reason for notification | |||||||
Position/Status | Director of Anthony Best Dynamics Ltd | ||||||
Initial notification/ Amendment | Initial notification | ||||||
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
Name | AB Dynamics PLC | ||||||
LEI | 213800OFXZP4A7I47K43
| ||||||
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 | |||||||
Description of the financial instrument, type of instrumentIdentification Code | Ordinary Shares of 1p each
GB00B9GQVG73
| ||||||
Nature of the transaction | Purchase | ||||||
Price(s) and volume(s) | |||||||
Price(s) | Volume(s) | ||||||
395p | 21,667 | ||||||
Aggregated information
- Aggregated Volume
- Price |
21,667
395p | ||||||
Date of the transaction | 12 September 2017 | ||||||
Place of the transaction | AIM
| ||||||
Details of the person discharging managerial responsibilities/person closely associated | |||||||
Name | Andrew Rumble | ||||||
Reason for notification | |||||||
Position/Status | Director of Anthony Best Dynamics Ltd | ||||||
Initial notification/ Amendment | Initial notification | ||||||
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
Name | AB Dynamics PLC | ||||||
LEI | 213800OFXZP4A7I47K43
| ||||||
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 | |||||||
Description of the financial instrument, type of instrumentIdentification Code | Ordinary Shares of 1p each
GB00B9GQVG73
| ||||||
Nature of the transaction | Purchase | ||||||
Price(s) and volume(s) | |||||||
Price(s) | Volume(s) | ||||||
395p | 21,986 | ||||||
Aggregated information
- Aggregated Volume
- Price |
21,986
395p | ||||||
Date of the transaction | 12 September 2017 | ||||||
Place of the transaction | AIM
| ||||||