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AB Dynamics PLC (ABDP)

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Thursday 06 December, 2018

AB Dynamics PLC

Exercise of Share Options

RNS Number : 7239J
AB Dynamics PLC
06 December 2018
 

 

 

AB Dynamics plc

("AB Dynamics" or "ABD" or the "Group")

 

Exercise of Share Options

Total Voting Rights

 

Exercise of options

 

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, announces the exercise of options held by certain employees and PDMRs of the Company (the "Option Exercise") in respect of a total of 142,702 new ordinary shares of 1 pence each in the Company (the "New Ordinary Shares"). The exercise price of the options is 395 pence each.

 

Application has been made to the London Stock Exchange for a total of 142,702 New Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 12 December 2018. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

 

Of the options exercised the following were by PDMRs of the Company.

 

PDMR

Options exercised

Rob Hart

55,696

Colin Martin

15,243

Andrew Pick

10,000

Employees

61,763

Total

142,702

 

Total voting rights

 

Following Admission, the Company's enlarged issued share capital will comprise 19,679,236 ordinary shares. The Company does not hold any shares in treasury. 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 and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and has been arranged for release by Robert Hart, CFO of the Company.

 

 

For further information please contact:

 

AB Dynamics plc

Tony Best, Non-Executive Chairman

Dr. James Routh, Chief Executive Officer

Rob Hart, Chief Financial Officer

 

01225 860 200

Cairn Financial Advisers LLP (Nomad)

Tony Rawlinson

Liam Murray

 

 

0207 213 0880

Cantor Fitzgerald Europe (Broker)

Phil Davies, Corporate Finance

David Foreman, Corporate Finance

Caspar Shand-Kydd, Sales

 

0207 894 7000

IFC Advisory (PR)

Tim Metcalfe

Heather Armstrong

Graham Herring

0203 934 6630

 

 

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. The Group is headquartered in Bradford on Avon employing approximately 160 staff. ABD currently supplies twenty 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.

 

 

 

1

Details of the relevant person / person closely associated

a)

Name

Rob Hart

2

Reason for the notification

a)

Position/status

Director

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

 

GB00B9GQVG73

 

b)

Nature of the transaction

Exercise of 55,696 options over Ordinary Shares with an exercise price of £3.95

 

c)

Price(s) and volume(s)

 


Price(s)

Volume(s)

Exercise

£3.95

55,696

 

 

d)

Aggregated information



- Aggregated volume

As above


- Price


e)

Date of the transaction

 

 

f)

Place of the transaction

AIM

 

 

1

Details of the relevant person / person closely associated

a)

Name

Colin Martin

2

Reason for the notification

a)

Position/status

Director of Anthony Best Dynamics Ltd

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

 

GB00B9GQVG73

 

b)

Nature of the transaction

Exercise of 15,243 options over Ordinary Shares with an exercise price of £3.95

 

c)

Price(s) and volume(s)

 


Price(s)

Volume(s)

Exercise

£3.95

15,243

 

 

d)

Aggregated information



- Aggregated volume

As above


- Price


e)

Date of the transaction

 

 

f)

Place of the transaction

AIM

 

 

1

Details of the relevant person / person closely associated

a)

Name

Andrew Pick

2

Reason for the notification

a)

Position/status

Director of Anthony Best Dynamics Ltd

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

 

GB00B9GQVG73

 

b)

Nature of the transaction

Exercise of 10,000 options over Ordinary Shares with an exercise price of £3.95

 

c)

Price(s) and volume(s)

 


Price(s)

Volume(s)

Exercise

£3.95

10,000

 

 

d)

Aggregated information



- Aggregated volume

As above


- Price


e)

Date of the transaction

 

 

f)

Place of the transaction

AIM

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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