PDMR Dealing

RNS Number : 9376R
AB Dynamics PLC
06 March 2019
 

AB Dynamics plc

("ABD" or the "Group")

 

PDMR Dealing

 

AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, announces it was notified on 5 March 2019 that Stephen Neads, a PDMR of the Company, sold 728 ordinary shares on 5 March 2019 at a price of 1657.9 pence per share, representing 0.004% of the Company's issued ordinary share capital.

 

Following the sale, Mr Neads remains interested in 82,986 ABD ordinary shares, representing 0.42% 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

01225 860 200

Tony Best, Non-Executive Chairman

Dr James Routh, CEO

 


Cairn Financial Advisers LLP (Nomad)

0207 213 0880

Tony Rawlinson

Liam Murray

Richard Nash

 


Cantor Fitzgerald Europe (Broker)

0207 894 7000

Phil Davies

David Foreman

 


Tulchan Communications (PR)

0207 353 4200

James Macey White

Matt Low

Deborah Roney

 


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 180 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 Advanced Driver Assistance Systems ("ADAS"), autonomous vehicles, vehicle safety and dynamics.

 

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

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Stephen Neads

2

Reason for notification


a.

Position/Status

PDMR

b.

Initial notification/

Amendment

Initial Notification

3

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

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

Identification Code


Ordinary shares of 1p each

 

ISIN: GB00B9GQVG73

b.

Nature of the transaction

 Disposal of ordinary shares

c.

Price(s) and volume(s)







Price(s) per share

Volume(s)


1657.9 pence

728


 

 

d.

Aggregated information

 

- Aggregated Volume

 

- Price

 

N/a

 

 

 

e.

Date of the transaction

5 March 2019

f.

Place of the transaction

London Stock Exchange

 


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