Exercise of Warrants

RNS Number : 6654Y

AB Dynamics PLC

03 December 2014

 



A B Dynamics plc

Exercise of warrants

A B Dynamics plc (the "Company") announces that Cairn Financial Advisers LLP has exercised warrants to subscribe for 60,000 new ordinary shares of 1p each at a price of 86 pence per share. The new ordinary shares will represent 0.36% of the existing share capital of the Company. These warrants were granted to Cairn at the time of the Company's admission to AIM in May 2013.

Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM and it is expected that dealings will commence on 8 December 2014. Following the issue of the new ordinary shares, the Company's enlarged issued share capital will comprise 16,835,640 ordinary shares. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify to the Company of their interest in, or a change of interest in, the issued share capital of the Company under the Disclosure and Transparency Rules.

For further information please contact:

AB Dynamics plc Tim Rogers, Managing Director Tony Best, Chairman	01225 860 200
Cairn Financial Advisers LLP (Nomad) Tony Rawlinson Avi Robinson	0207 148 7900
Charles Stanley Securities Limited (Broker) Dugald J. Carlean Karri Vuori	0207 149 6000

 

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