AB Dynamics PLC Exercise of Share Options and Total Voting Rights (1454C)
June 24 2016 - 1:00AM
UK Regulatory
TIDMABDP
RNS Number : 1454C
AB Dynamics PLC
24 June 2016
24 June 2016
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
notices to exercise options from Directors and employees of the
Company (the "Option Exercise") to subscribe for a total of 430,172
new ordinary shares of 1 pence each in the Company (the "New
Ordinary Shares"). The exercise price of the options is 12.52 pence
each.
Application has been made to the London Stock Exchange for a
total of 430,172 New Ordinary Shares to be admitted to trading on
AIM ("Admission") and Admission is expected to occur on or around
29 June 2016. The New Ordinary Shares will rank pari passu with the
existing ordinary shares in the Company.
Directors' dealings
Options exercised by directors of the Company which are included
in the above total are as follows:
Timothy (Tim) Rogers 186,100
Robert (Rob) Hart 5,134
Following the exercise of options, Mr Rogers owns 457,701
ordinary shares representing 2.6 % of the Company's enlarged issued
share capital and Mr Hart owns 19,332 ordinary shares representing
0.1% of the Company's enlarged issued share capital.
Total voting rights
Following Admission, the Company's enlarged issued share capital
will comprise 17,764,578 ordinary shares. The Company does not hold
any shares in treasury. The figure of 17,764,578 ordinary shares
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.
For further information please contact:
AB Dynamics plc
Tim Rogers, Managing Director
Tony Best, Chairman 01225 860 200
Cairn Financial Advisers
LLP (Nomad)
Tony Rawlinson
Liam Murray 0207 148 7900
Cantor Fitzgerald Europe
(Broker)
David Foreman
Phil Davies 0207 894 7000
Newgate (PR)
Adam Lloyd
Helena Bogle 0207 653 9850
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
80 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
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June 24, 2016 02:00 ET (06:00 GMT)