AB Dynamics PLC Director/PDMR Shareholding (5156D)
June 22 2023 - 2:00AM
UK Regulatory
TIDMABDP
RNS Number : 5156D
AB Dynamics PLC
22 June 2023
22 June 2023
AB Dynamics plc
("AB Dynamics" or the "Company")
PDMR/PCA Shareholding
Issue of Equity
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and
supplier of advanced testing systems and measurement products to
the global transport market, announces it has issued and allotted
33,334 ordinary shares of 1 penny each ("New Ordinary Shares"). The
New Ordinary Shares are being issued to James Routh, Chief
Executive Officer of the Company, pursuant to the exercise of
options under certain share option schemes.
Accordingly, application has been made for the 33,334 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 23 June
2023. 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 27,101 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 6,233 shares to 25,433 shares, representing 0.11% per cent. of
the Company's issued share capital.
Total voting rights
Following Admission, the Company's enlarged issued share capital
will comprise 22,934,365 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, on behalf of the Company
Secretary.
Contact:
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
The below notification made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail:
Details of the relevant person / person closely associated
1
a) Name Dr James Routh
--------------------------- -------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------- -------------------------------------
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 Ordinary Shares
the financial
instrument, type
of instrument
Identification ISIN: GB00B9GQVG73
code
--------------------------- -------------------------------------
b) Nature of the 1) Exercise of share options
transaction 2) Sale of Ordinary Shares
--------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1) 1230p 33,334
2) 2000p 27,101
--------- ----------
--------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
--------------------------- -------------------------------------
e) Date of the transaction 2 0 June 2023
--------------------------- -------------------------------------
f) Place of the transaction 1) Outside of a trading venue
2) London Stock Exchange, AIM
--------------------------- -------------------------------------
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END
DSHUARAROVUNUUR
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June 22, 2023 02:00 ET (06:00 GMT)
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