AB Dynamics PLC Exercise of Options and Dealing by a Director (8417L)
May 04 2020 - 6:43AM
UK Regulatory
TIDMABDP
RNS Number : 8417L
AB Dynamics PLC
04 May 2020
4 May 2020
AB Dynamics plc
("AB Dynamics", the "Company" or the "Group")
Exercise of Options and Dealing by a Director
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and
supplier of advanced testing systems and measurement products to
the global automotive market, announces the exercise of options
held by Dr James Routh, Chief Executive Officer of the Company (the
"Option Exercise") in respect of a total of 33,333 new ordinary
shares of 1 pence each in the Company (the "New Ordinary
Shares").
The options were exercised on 1 May 2020 and the exercise price
of the options is 1,230 pence each.
Disposal of Ordinary Shares
On 1 May 2020, Dr Routh sold 28,900 ordinary shares at a price
of 1,750 pence per ordinary share to facilitate the exercise cost
and associated tax liability of the exercise. Following this, Dr
Routh's shareholding in the Company has increased by 4,433 shares,
his total shareholding (including the shareholding of persons
closely associated with him) is 6,646 ordinary shares, representing
0.03 per cent. of the Company's issued share capital.
The Company has previously applied to list these shares as part
of the block listing of 33,333 ordinary shares of GBP0.01 each in
the Company ("Ordinary Shares"), which was announced on 3 December
2019. They were admitted to trading on AIM ("Admission") on 6
December 2019.
The New Ordinary Shares will rank pari passu with the existing
ordinary shares in the Company. Following Admission, the Company's
enlarged issued share capital will comprise 22,549,070 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 Felicity Jackson, Company Secretary.
Enquiries:
AB Dynamics plc 01225 860 200
Tony Best, Chairman
Dr James Routh, Chief Executive Officer
Sarah Matthews-DeMers, Chief Financial Officer
Cairn Financial Advisers (Nomad) 0207 213 0880
Liam Murray
Tony Rawlinson
Ludovico Lazzaretti
Cantor Fitzgerald Europe (Broker) 0207 894 7000
Phil Davies, David Foreman (Corporate Finance)
Caspar Shand Kydd, Keith Dowsing, Arthur Gordon
(Equity Sales)
Tulchan Communications 0207 353 4200
James Macey White
Matt Low
Deborah Roney
Overview of AB Dynamics plc
AB Dynamics is a leading designer, manufacturer and provider of
advanced products for testing and verification of Advanced Driver
Assistance Systems ("ADAS") technology, autonomous vehicle
development and vehicle dynamics to the global automotive research
and development sector.
AB Dynamics is an international group of companies headquartered
in Bradford-on-Avon, UK (the Group). The Group currently supplies
all the top automotive manufacturers, Tier 1 suppliers and service
providers, who routinely use the Group's products to test and
verify vehicle safety systems and dynamics.
1 Details of the relevant person / person closely associated
a) Name James Mathew Routh
----------------------------- -------------------------------
2 Reason for the notification
--------------------------------------------------------------
a) Position/status Director of AB Dynamics plc
----------------------------- -------------------------------
b) Initial notification/ Initial notification
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 of the Options over Ordinary Shares
financial instrument,
type of instrument
Identification code ISIN: GB00B9GQVG73
----------------------------- -------------------------------
b) Nature of the transaction Exercise of Options
----------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1,230p 33,333
----------
----------------------------- -------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
----------------------------- -------------------------------
e) Date of the transaction 1 May 2020
----------------------------- -------------------------------
f) Place of the transaction London Stock Exchange
----------------------------- -------------------------------
1 Details of the relevant person / person closely associated
a) Name James Mathew Routh
----------------------------- -------------------------------
2 Reason for the notification
--------------------------------------------------------------
a) Position/status Director of AB Dynamics plc
----------------------------- -------------------------------
b) Initial notification/ Initial notification
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 of the Ordinary Shares
financial instrument,
type of instrument
Identification code ISIN: GB00B9GQVG73
----------------------------- -------------------------------
b) Nature of the transaction Disposal of ordinary shares
----------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1,750p 28,900
----------
----------------------------- -------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
----------------------------- -------------------------------
e) Date of the transaction 1 May 2020
----------------------------- -------------------------------
f) Place of the transaction London Stock Exchange
----------------------------- -------------------------------
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 rns@lseg.com or visit www.rns.com.
END
MSCAIMBTMTIMBMM
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