AB Dynamics PLC Exercise of Options (9650N)
27 September 2019 - 7:58PM
UK Regulatory
TIDMABDP
RNS Number : 9650N
AB Dynamics PLC
27 September 2019
London, 27 September 2019
AB Dynamics plc
("AB Dynamics", "ABD" or the "Company")
Exercise of Options
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and
supplier of advanced testing systems and measurement products to
the global automotive market, announces the exercise of options
held by certain employees and PDMRs of the Company and Robert Hart,
a former employee of the Company, (the "Option Exercise") in
respect of a total of 199,526 new ordinary shares of 1 pence each
in the Company (the "New Ordinary Shares").
The exercise price of 197,178 of the options is 395 pence each,
the remaining 2,348 options were exercised at 445 pence. Further
details concerning the PDMRs exercising options are detailed in the
table below:
Number of Resulting shareholding Percentage shareholding
options exercised in the Company following in the Company
exercise of options following exercise
of options
Matthew Hubbard* 7,594 115,243 0.51%
------------------- -------------------------- ------------------------
Colin Martin 10,256 27,995 0.12%
------------------- -------------------------- ------------------------
Stephen Neads* 23,756 95,742 0.43%
------------------- -------------------------- ------------------------
Andrew Pick* 11,044 28,111 0.13%
------------------- -------------------------- ------------------------
Andrew Rumble* 43,970 203,313 1.03%
------------------- -------------------------- ------------------------
Adrian Simms* 7,594 20,699 0.09%
------------------- -------------------------- ------------------------
*These individuals' resulting shareholding includes the
shareholding of persons closely associated with them.
The Company has previously applied to list these New Ordinary
Shares as part of the block listing of 376,746 ordinary shares of
GBP0.01 each in the Company. The New Ordinary Shares rank pari
passu with the existing ordinary shares in the Company.
Total voting rights
As a result of this issuance, the Company's enlarged issued
share capital will comprise 22,419,508 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 and has been arranged for
release by Dr James Routh, CEO of the Company.
Enquires:
AB Dynamics plc 01225 860 200
Tony Best, Non-Executive Chairman
Dr James Routh, Chief Executive Officer
Mat Hubbard, Chief Technology Officer
Cantor Fitzgerald Europe (Broker) 0207 894 7000
Phil Davies, David Foreman (Corporate Finance)
Caspar Shand Kydd, Keith Dowsing, Arthur
Gordon (Equity Sales)
Cairn Financial Advisers (Nomad) 0207 213 0880
Tony Rawlinson
Liam Murray
Ludovico Lazzaretti
Tulchan Communications 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 (the Group), UK. 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.
1 Details of the relevant person / person closely associated
a) Name a) Matthew Hubbard
b) Colin Martin
c) Stephen Neads
d) Andrew Pick
e) Andrew Rumble
f) Adrian Simms
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status a) Director of the Company
b) Director of Anthony Best Dynamics
Ltd
c) Director of Anthony Best Dynamics
Ltd
d) Director of Anthony Best Dynamics
Ltd
e) Director of Anthony Best Dynamics
Ltd
f) Director of Anthony Best Dynamics
Ltd
-------------------------- -------------------------------------------
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 Options over Ordinary Shares
financial instrument,
type of instrument
Identification code ISIN: GB00B9GQVG73
-------------------------- -------------------------------------------
b) Nature of the transaction Exercise of Options
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
a) GBP3.95 a) 7,594
b) 10,256
c) 23,756
d) 11,044
e) 43,970
f) 7,594
----------------
-------------------------- -------------------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
-------------------------- -------------------------------------------
e) Date of the transaction a) 25 September 2019
b) 7,594 Shares on 25 September 2019
and
2,662 Shares on 26 September 2019
c) 25 September 2019
d) 25 September 2019
e) 25 September 2019
f) 25 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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