AB Dynamics PLC Exercise of Share Options (7239J)
December 06 2018 - 10:33AM
UK Regulatory
TIDMABDP
RNS Number : 7239J
AB Dynamics PLC
06 December 2018
AB Dynamics plc
("AB Dynamics" or "ABD" or the "Group")
Exercise of Share Options
Total Voting Rights
Exercise of options
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and
supplier of advanced testing systems and measurement products to
the global automotive industry, announces the exercise of options
held by certain employees and PDMRs of the Company (the "Option
Exercise") in respect of a total of 142,702 new ordinary shares of
1 pence each in the Company (the "New Ordinary Shares"). The
exercise price of the options is 395 pence each.
Application has been made to the London Stock Exchange for a
total of 142,702 New Ordinary Shares to be admitted to trading on
AIM ("Admission") and Admission is expected to occur on or around
12 December 2018. The New Ordinary Shares will rank pari passu with
the existing ordinary shares in the Company.
Of the options exercised the following were by PDMRs of the
Company.
PDMR Options exercised
Rob Hart 55,696
------------------
Colin Martin 15,243
------------------
Andrew Pick 10,000
------------------
Employees 61,763
------------------
Total 142,702
------------------
Total voting rights
Following Admission, the Company's enlarged issued share capital
will comprise 19,679,236 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 Robert Hart, CFO of the Company.
For further information please contact:
AB Dynamics plc
Tony Best, Non-Executive Chairman
Dr. James Routh, Chief Executive
Officer
Rob Hart, Chief Financial Officer 01225 860 200
Cairn Financial Advisers LLP
(Nomad)
Tony Rawlinson
Liam Murray 0207 213 0880
Cantor Fitzgerald Europe (Broker)
Phil Davies, Corporate Finance
David Foreman, Corporate Finance
Caspar Shand-Kydd, Sales 0207 894 7000
IFC Advisory (PR)
Tim Metcalfe
Heather Armstrong
Graham Herring 0203 934 6630
Overview of AB Dynamics plc
ABD 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 was founded in 1982 and listed on AIM in May 2013. The
Group is headquartered in Bradford on Avon employing approximately
160 staff. ABD currently supplies twenty of 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 notifications set out below are provided in accordance with
the requirements of the EU Market Abuse Regulation.
1 Details of the relevant person / person closely associated
a) Name Rob Hart
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Director
-------------------------- ------------------------------------------
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 Exercise of 55,696 options over Ordinary
Shares with an exercise price of GBP3.95
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise GBP3.95 55,696
---------- ----------
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
-------------------------- ------------------------------------------
e) Date of the transaction
-------------------------- ------------------------------------------
f) Place of the transaction AIM
-------------------------- ------------------------------------------
1 Details of the relevant person / person closely associated
a) Name Colin Martin
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status 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 Ordinary Shares
financial instrument,
type of instrument
Identification code
GB00B9GQVG73
-------------------------- ------------------------------------------
b) Nature of the transaction Exercise of 15,243 options over Ordinary
Shares with an exercise price of GBP3.95
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise GBP3.95 15,243
---------- ----------
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
-------------------------- ------------------------------------------
e) Date of the transaction
-------------------------- ------------------------------------------
f) Place of the transaction AIM
-------------------------- ------------------------------------------
1 Details of the relevant person / person closely associated
a) Name Andrew Pick
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status 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 Ordinary Shares
financial instrument,
type of instrument
Identification code
GB00B9GQVG73
-------------------------- ------------------------------------------
b) Nature of the transaction Exercise of 10,000 options over Ordinary
Shares with an exercise price of GBP3.95
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise GBP3.95 10,000
---------- ----------
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
-------------------------- ------------------------------------------
e) Date of the transaction
-------------------------- ------------------------------------------
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
DSHFKADNPBDDKBK
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