AB Dynamics PLC Exercise of Options (1573O)
May 15 2018 - 7:41AM
UK Regulatory
TIDMABDP
RNS Number : 1573O
AB Dynamics PLC
15 May 2018
AB Dynamics plc
("ABD" or the "Company")
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 that it has received a
notice to exercise options (the "Option Exercise") to subscribe for
a total of 25,127 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 25,127 New Ordinary Shares to be admitted to trading on
AIM ("Admission") and Admission is expected to occur on or around
21 May 2018. The New Ordinary Shares will rank pari passu with the
existing ordinary shares in the Company.
Total voting rights
Following Admission, the Company's enlarged issued share capital
will comprise 19,412,612 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, 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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