RNS Number : 8483R

AB Dynamics PLC

10 March 2021

10 March 2021

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 it has issued and allotted 33,333 ordinary shares of 1 penny each ("New Ordinary Shares"). The New Ordinary Shares are being issued pursuant to the exercise of options under the Unapproved Company Share Option Plan to James Routh, Chief Executive Officer of the Company.

Accordingly, application has been made for the 33,333 New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective, and that dealings will commence in the New Ordinary Shares at 08.00 a.m. on 15 March 2021. The New Ordinary Shares will rank, pari passu, with the existing ordinary shares in the Company.

In conjunction with the option exercise and issue of New Ordinary Shares, Dr Routh has sold 27,478 New Ordinary Shares in order to meet the cost of the exercise and to satisfy personal taxation liabilities arising from the exercise. Following these transactions, Dr Routh's shareholding in the Company will increase by 5,855 shares to 13,193 shares, representing 0.058% per cent. of the Company's issued share capital.

Total voting rights

Following Admission, the Company's enlarged issued share capital will comprise 22,618,558 ordinary shares of 1 penny each. 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, Guidance 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.


 AB Dynamics plc                            01225 860 200 
 Dr James Routh, Chief Executive 
  Sarah Matthews-DeMers, Chief Financial 
 Peel Hunt LLP                              0207 418 8900 
 Mike Bell 
  Ed Allsopp 
 Tulchan Communications                     0207 353 4200 
 James Macey White 
  Matt Low 
  Laura Marshall 

The person responsible for arranging the release of this information is Felicity Jackson, Company Secretary.

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
      a.         Name                            James Routh 
                ------------------------------  ------------------------------------------ 
            2.   Reason for the notification 
            a.   Position/status                 CEO 
                ------------------------------  ------------------------------------------ 
            b.   Initial notification            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                  Ordinary shares of 1 penny 
                  Financial instrument, 
                  type                            GB00B9GQVG73 
                  of instrument 
                ------------------------------  ------------------------------------------ 
            b.   Nature of the 
                  transaction                      1) Exercise of Unapproved Company Share 
                                                   Option Plan options 
                                                   2) Sale of New Ordinary Shares 
                ------------------------------  ------------------------------------------ 
            c.   Price(s) and volume(s)                 Price(s)   Volume(s) 
                                                    1)   GBP12.30   33,333 
                                                        ---------  ---------- 
                                                    2)   GBP20.30   27,478 
                                                        ---------  ---------- 
                ------------------------------  ------------------------------------------ 
            d.        Aggregated information 
                        *    Aggregated volume     As above 
                        *    Price 
                ------------------------------  ------------------------------------------ 
            e.   Date of the transaction         9 March 2021 
                ------------------------------  ------------------------------------------ 
            f.   Place of the transaction        1) Outside a trading venue 
                                                  2) London Stock Exchange, AIM 
                ------------------------------  ------------------------------------------ 

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(END) Dow Jones Newswires

March 10, 2021 11:15 ET (16:15 GMT)

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