Directors' Share Dealing

RNS Number : 8378G

AB Dynamics PLC

19 March 2020

 

AB Dynamics plc

("AB Dynamics", the "Company" or the "Group")

Directors' Share Dealing

19 March 2020 - AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, announces that it was notified on 19 March 2020, that: (i) Dr James Routh, Chief Executive Officer of the Company, purchased 2,213 ordinary shares in AB Dynamics at the weighted average price of 901.66p pence per share on 19 March 2020, and (ii) Tony Best, Non-executive Chairman of the Company has purchased 9,000 shares at 950.00p per share on 19 March 2020.

Following the purchase of these shares Dr Routh's interest in the Company will represent 0.01% of the current issued share capital and Tony Best together with his wife Naemi Best remain interested in 5,926,107 ABD ordinary shares, representing 26.32% of the Company's issued share capital. 

Set out below is the information required by Article 19(3) of the EU Market Abuse Regulation No 596/2014:

Enquiries:

AB Dynamics plc	01225 860 200
Tony Best, Chairman
Dr James Routh, Chief Executive Officer
Sarah Matthews-DeMers, Chief Financial Officer
Mat Hubbard, Chief Technology Officer
Cairn Financial Advisers (Nomad)	0207 213 0880
Liam Murray Tony Rawlinson Ludovico Lazzaretti
Cantor Fitzgerald Europe (Broker)	0207 894 7000
Phil Davies, David Foreman (Corporate Finance) Caspar Shand Kydd, Keith Dowsing, Arthur Gordon (Equity Sales)
Tulchan Communications	0207 353 4200
James Macey White
Matt Low
Deborah Roney

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, The person responsible for arranging the release of this information is Felicity Jackson, Company Secretary.

Overview of AB Dynamics plc

AB Dynamics is a leading designer, manufacturer and provider of advanced products for testing and verification of Advanced Driver Assistance Systems ("ADAS") technology, autonomous vehicle development and vehicle dynamics to the global automotive research and development sector. 

AB Dynamics is an international group of companies headquartered in Bradford-on-Avon, UK (the Group).  The Group currently supplies all the top automotive manufacturers, Tier 1 suppliers and service providers, who routinely use the Group's products to test and verify vehicle safety systems and dynamics.

1	Details of the relevant person / person closely associated
a)	Name	Dr James Mathew Routh
2	Reason for the notification
a)	Position/status	CEO and Director of AB Dynamics plc
b)	Initial notification/ Amendment	Initial notification
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 financial instrument, type of instrument	Ordinary Shares
	Identification code	ISIN: GB00B9GQVG73
b)	Nature of the transaction	Share purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) 901.66p 2213
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	19 March 2020
f)	Place of the transaction	London Stock Exchange

1	Details of the relevant person / person closely associated
a)	Name	Anthony Best
2	Reason for the notification
a)	Position/status	Non-executive Chairman
b)	Initial notification/ Amendment	Initial notification
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 financial instrument, type of instrument	Ordinary Shares
	Identification code	ISIN: GB00B9GQVG73
b)	Nature of the transaction	Share purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) 950.00p 9000
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	19 March 2020
f)	Place of the transaction	London Stock Exchange

 

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