AB Dynamics PLC Director and PCA share dealings (3509L)
05 September 2019 - 7:20PM
UK Regulatory
TIDMABDP
RNS Number : 3509L
AB Dynamics PLC
05 September 2019
AB Dynamics plc
("AB Dynamics" or "ABD" or the "Group")
Director and PCA share dealings
AB Dynamics plc (AIM: ABDP) the designer, manufacturer and
supplier of advanced testing systems and measurement products to
the global automotive market announces that, following the recently
announced acquisition of Dynamic Research Incorporated, on 4
September 2019, Tony Best disposed of 100,000 ordinary shares at a
price of 2,750 pence per share, representing 0.45% of the Company's
issued ordinary share capital. Also on 4 September 2019, Naemi
Best, wife of Tony Best, disposed of 30,000 ordinary shares at a
price of 2,750 pence per share, representing 0.14% of the Company's
issued ordinary share capital. In both cases, the disposal was made
to satisfy institutional demand.
Following the sale, Tony Best together with his wife Naemi Best
remain interested in 5,917,107 ABD ordinary shares, representing
26.63% of the Company's issued share capital.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
The person responsible for arranging the release of this
information is Dr James Routh, Chief Executive Officer of the
Company.
For further information please contact:
AB Dynamics plc 01225 860 200
Tony Best, Non-Executive Chairman
Dr James Routh, CEO
Cairn Financial Advisers LLP (Nomad) 0207 213 0880
Tony Rawlinson
Liam Murray
Ludovico Lazzaretti
Cantor Fitzgerald Europe (Broker) 0207 894 7000
Phil Davies, David Foreman (Corporate
Finance)
Caspar Shand Kydd, Keith Dowsing, Arthur
Gordon (Equity Sales)
Tulchan Communications (PR) 0207 353 4200
James Macey White
Matt Low
Deborah Roney
Overview of AB Dynamics plc
AB Dynamics is a leading designer, manufacturer and provider of
advanced products for testing and verification of Advanced Driver
Assistance Systems ("ADAS") technology, autonomous vehicle
development and vehicle dynamics to the global automotive research
and development sector.
AB Dynamics is an international group of companies headquartered
in Bradford-on-Avon, UK, employing approximately 260 staff. The
Group currently supplies all the top automotive manufacturers, Tier
1 suppliers and service providers, who routinely use the Group's
products to test and verify vehicle safety systems 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
1 Details of the person discharging managerial responsibilities/person
closely associated
--------------------------------------------------------------------------------
a. Name Tony Best
--------------------------------------- ---------------------------------------
2 Reason for notification
--------------------------------------- ---------------------------------------
a. Position/Status Director
--------------------------------------- ---------------------------------------
b. Initial notification/ Initial Notification
Amendment
--------------------------------------- ---------------------------------------
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 Ordinary shares of 1p each
instrument, type
of instrument
ISIN: GB00B9GQVG73
Identification
Code
--------------------------------------- ---------------------------------------
b. Nature of the Disposal of ordinary shares
transaction
--------------------------------------- ---------------------------------------
c. Price(s) and volume(s) Price(s) per Volume(s)
share
--------------------------------------- -------------------
2,750 pence 100,000
------------------------------------------------------------------ -------------
d. Aggregated information
N/a
- Aggregated Volume
- Price
--------------------------------------- ---------------------------------------
e. Date of the transaction 4 September 2019
--------------------------------------- ---------------------------------------
f. Place of the transaction London Stock Exchange
--------------------------------------- ---------------------------------------
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
--------------------------------------------------------------------------------
a. Name Naemi Best
--------------------------------------- ---------------------------------------
2 Reason for notification
--------------------------------------- ---------------------------------------
a. Position/Status Spouse of Director
--------------------------------------- ---------------------------------------
b. Initial notification/ Initial Notification
Amendment
--------------------------------------- ---------------------------------------
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 Ordinary shares of 1p each
instrument, type
of instrument
ISIN: GB00B9GQVG73
Identification
Code
--------------------------------------- ---------------------------------------
b. Nature of the Disposal of ordinary shares
transaction
--------------------------------------- ---------------------------------------
c. Price(s) and volume(s) Price(s) per Volume(s)
share
--------------------------------------- -------------------
2,750 pence 30,000
------------------------------------------------------------------ -------------
d. Aggregated information
N/a
- Aggregated Volume
- Price
--------------------------------------- ---------------------------------------
e. Date of the transaction 4 September 2019
--------------------------------------- ---------------------------------------
f. Place of the transaction London Stock Exchange
--------------------------------------- ---------------------------------------
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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