AB Dynamics PLC Director/PDMR Shareholding (8483R)
11 March 2021 - 3:15AM
UK Regulatory
TIDMABDP
RNS Number : 8483R
AB Dynamics PLC
10 March 2021
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 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 Ordinary shares of 1 penny
the
Financial instrument,
type GB00B9GQVG73
of instrument
Identification
code
------------------------------ ------------------------------------------
b. Nature of the
transaction 1) Exercise of Unapproved Company Share
Option Plan options
2) Sale of New Ordinary Shares
------------------------------ ------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
1) GBP12.30 33,333
--------- ----------
2) GBP20.30 27,478
--------- ----------
------------------------------ ------------------------------------------
d. Aggregated information
* Aggregated volume As above
* Price
------------------------------ ------------------------------------------
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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END
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