AB Dynamics PLC Grant of Options to a Director (9640D)
15 October 2018 - 5:00PM
UK Regulatory
TIDMABDP
RNS Number : 9640D
AB Dynamics PLC
15 October 2018
AB Dynamics plc
("AB Dynamics" or the "Group")
Grant of options to a director
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 granted
options over 100,000 new ordinary shares of 1 pence each in the
Company (representing 0.51 per cent. of the Company's issued share
capital) to James Routh, the Company's new Chief Executive Officer
who joined the board on 1 October 2018. Mr Routh has no other
options over, or holdings in, the Company's shares.
The options have an exercise price of 1230 pence, being the
closing mid-market price on 11 October 2018, and one-fifth will
vest on 12 October 2019 and on each subsequent anniversary until
all options have been vested.
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 01225 860 200
Tony Best, Chairman
James Routh, Chief Executive Officer
Rob Hart, Chief Financial Officer
Cairn Financial Advisers LLP (Nomad) 0207 213 0880
Tony Rawlinson
Liam Murray
Cantor Fitzgerald Europe (Broker) 020 7894 7000
Phil Davies
David Foreman
IFC Advisory Ltd (PR) 0203 053 8671
Tim Metcalfe
Heather Armstrong
Graham Herring
Overview of AB Dynamics plc
AB Dynamics 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 is headquartered in Bradford on Avon employing
approximately 150 staff. AB Dynamics currently supplies all 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 notification set out below is provided in accordance with
the requirements of the EU Market Abuse Regulation.
1 Details of the relevant person / person closely associated
a) Name James Routh
------------------------------ -------------------------------
2 Reason for the notification
---------------------------------------------------------------
a) Position/status Director of AB Dynamics PLC
------------------------------ -------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------ -------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
Identification code
GB00B9GQVG73
------------------------------ -------------------------------
b) Nature of the transaction Grant of options
------------------------------ -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP12.30 100,000
---------- ----------
------------------------------ -------------------------------
d) Aggregated information
- Aggregated volume As above
- Price As above
------------------------------ -------------------------------
e) Date of the transaction
12 October 2018
------------------------------ -------------------------------
f) Place of the transaction AIM
------------------------------ -------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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