Director's dealing

RNS Number : 0709Z
AB Dynamics PLC
09 March 2017
 

9 March 2017

 

 

AB Dynamics plc

("ABD" or the "Company")

 

Director's dealing

 

AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry announces that on 6 March 2017 Timothy (Tim) Rogers transferred 50,000 ABD ordinary shares for nil consideration representing 0.26% of the Company's issued ordinary share capital to his wife Jeanette Grafstrom.

Following the sale, Mr Rogers together with his wife Jeanette Grafstrom remains interested in 398,953 ABD ordinary shares, representing 2.09% of the Company's issued share capital.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

For further information please contact:

 

AB Dynamics plc

Tim Rogers, Chief Executive Officer

Tony Best, Non-executive Chairman

 

01225 860 200

Cairn Financial Advisers LLP (Nomad)

Tony Rawlinson

Liam Murray

Richard Nash

 

0207 213 0880

Cantor Fitzgerald Europe (Broker)

David Foreman

Phil Davies

 

0207 894 7000

Newgate (PR)

Adam Lloyd

Helena Bogle

0207 653 9850

 

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. ABD is headquartered in Bradford-on-Avon employing approximately 90 staff. ABD currently supplies all 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.

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

Details of the person discharging managerial responsibilities/person closely associated

Name

Timothy (Tim) Rogers

Reason for notification

 

Position/Status

Chief Executive Officer of AB Dynamics Plc

Initial notification/

Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

AB Dynamics Plc

LEI

 213800OFXZP4A7I47K43

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

Description of the financial instrument, type of instrument

Identification Code

Ordinary Shares of 1 p each.
 

 

ISIN: GB00B9GQVG73

Nature of the transaction

Gift of shares to spouse at nil value

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

Nil

50,000

 

 

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

50,000

 

Nil

Date of the transaction

6 March 2017

Place of the transaction

London Stock Exchange

 

               

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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AB Dynamics (ABDP)
UK 100

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