AB Dynamics PLC Issue of Equity and PDMR Shareholding (6719H)
December 07 2020 - 2:00AM
UK Regulatory
TIDMABDP
RNS Number : 6719H
AB Dynamics PLC
07 December 2020
7 December 2020
AB Dynamics plc
("AB Dynamics", the "Company" or the "Group")
Director/PDMR Shareholding
Issue of Bonus Shares
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and
supplier of advanced testing systems and measurement products to
the global automotive market, announces that on 4 December 2020, it
issued 1,041 ordinary shares of 1p each ("Ordinary Shares") to
directors of the Company in satisfaction of 20% of their respective
annual bonus payments for the year ended 31 August 2020 ("Bonus
Shares").
The Bonus Shares are being issued at a price of 1780p, being the
closing mid-market share price on 3 December 2020. The Bonus Shares
have a required holding period of three years.
The table below sets out the allocation of the Bonus Shares
together with the resulting holdings of the directors following
Admission:
Name Number of Bonus Resulting interest Resulting percentage
Shares issued in Ordinary of Ordinary Shares
Shares
----------------------- ---------------- ------------------- ---------------------
James Routh 6 92 7,338 0.032%
Sarah Matthews-DeMers 349 349 0.002%
Application has been made to the London Stock Exchange for 1,041
new Ordinary Shares to be admitted to trading on AIM. It is
expected that admission will become effective and that dealings
will commence in the new Ordinary Shares on or around 11 December
2020 ("Admission"). The new Ordinary Shares will rank, pari passu,
with the Company's existing Ordinary Shares.
Total Voting Rights
Following Admission, the Company's total issued share capital
will comprise 22,585,225 Ordinary Shares. The Company does not hold
any shares in treasury. Therefore the total number of voting rights
in the Company will be 22,585,225. 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.
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 below notification made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail:
1 Details of the relevant person / person closely associated
a) Name 1.James Mathew Routh
2. Sarah Louise Matthews-DeMers
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Directors of AB Dynamics plc
-------------------------- ----------------------------------------
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 Award of shares in partial satisfaction
of an annual bonus payment
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 1. 6 92
2. 3 49
--------- ----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 4 December 2020
-------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ----------------------------------------
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END
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December 07, 2020 02:00 ET (07:00 GMT)
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