AB Dynamics PLC Update on Proposed Placing (1098R)
December 06 2016 - 8:05AM
UK Regulatory
TIDMABDP
RNS Number : 1098R
AB Dynamics PLC
06 December 2016
AB Dynamics plc
("ABD" or the "Company")
Update on Proposed Placing
Other than where defined, capitalised terms used in this
announcement have the same meanings given to them in the
announcement released by the Company this morning at 7:00 a.m. (the
"Placing Announcement").
Selling Shareholders
Further to the Placing Announcement regarding the Company's
proposed Placing of Ordinary Shares, the Company announces that it
has been advised that the Selling Shareholders are willing to sell,
in aggregate, up to 300,000 Existing Ordinary Shares in the Company
on the same terms as outlined in the Placing Announcement. The
Selling Shareholders Agreement is expected to be entered into
shortly on this basis.
Prior to publication, certain information contained within this
announcement was deemed to constitute inside information for the
purposes of Article 7 of EU Regulation 596/2014. Upon publication
of this announcement, this information is now considered to be in
the public domain.
For further information please contact:
AB Dynamics plc
Tim Rogers, Chief Executive
Officer
Tony Best, Non-Executive
Chairman 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
Newgate (PR)
Adam Lloyd
Helena Bogle 0207 653 9850
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUNRSRNAAURAA
(END) Dow Jones Newswires
December 06, 2016 09:05 ET (14:05 GMT)