AB Dynamics PLC Director/PDMR Shareholding (8116M)
May 02 2018 - 1:01AM
UK Regulatory
TIDMABDP
RNS Number : 8116M
AB Dynamics PLC
02 May 2018
AB Dynamics plc
("ABD" or the "Company")
PDMR share 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 01 May 2018
Anthony Best sold 100,000 ABD ordinary shares at a price of 990
pence per share, representing 0.52% of the Company's issued
ordinary share capital.
Following the sale, Mr Best together with his wife Naemi Best
remain interested in 6,147,107 ABD ordinary shares, representing
31.71% of the Company's issued share capital.
On 01 May 2018, Anne Middleton, a director of Anthony Best
Dynamics Limited, sold 100,000 ABD ordinary shares at a price of
990 pence per share, representing 0.52% of the Company's issued
ordinary share capital. Following the sale, Anne Middleton remains
interested in 1,200,000 ABD ordinary shares, representing 6.19% of
the Company's issued share capital.
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, Chief Financial Officer of the Company.
For further information please contact:
AB Dynamics plc
Tony Best, Chairman
Rob Hart, Chief Financial
Officer 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
IFC Advisory (PR)
Tim Metcalfe
Heather Armstrong
Graham Herring 0203 053 8671
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
130 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 Anthony Best
------------------------ ------------------------
2 Reason for the notification
--------------------------------------------------
a) Position/status Chairman
------------------------ ------------------------
b) Initial notification/ Initial
Amendment
------------------------ ------------------------
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 Ordinary Shares
of the financial
instrument,
type of instrument
Identification
code GB00B9GQVG73
------------------------ ------------------------
b) Nature of the Sale
transaction
------------------------ ------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 9.90 100,000
----------
------------------------ ------------------------
d) Aggregated information
- Aggregated
volume
- Price
------------------------ ------------------------
e) Date of the 01/05/18
transaction
------------------------ ------------------------
f) Place of the AIM
transaction
------------------------ ------------------------
1 Details of the relevant person / person closely
associated
a) Name Anne Middleton
----------------------- ----------------------------------
2 Reason for the notification
-----------------------------------------------------------
a) Position/status Director of Anthony Best Dynamics
Ltd
----------------------- ----------------------------------
b) Initial notification/ Initial
Amendment
----------------------- ----------------------------------
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 Ordinary Shares
of the financial
instrument,
type of instrument
Identification GB00B9GQVG73
code
----------------------- ----------------------------------
b) Nature of the Sale
transaction
----------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 9.90 100,000
----------
----------------------- ----------------------------------
d) Aggregated information
- Aggregated
volume
- Price
----------------------- ----------------------------------
e) Date of the 01/05/18
transaction
----------------------- ----------------------------------
f) Place of the AIM
transaction
----------------------- ----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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