Director and PCA share dealings

RNS Number : 3509L

AB Dynamics PLC

05 September 2019

 

AB Dynamics plc

("AB Dynamics" or "ABD" or the "Group")

Director and PCA share dealings

AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market announces that, following the recently announced acquisition of Dynamic Research Incorporated, on 4 September 2019, Tony Best disposed of 100,000 ordinary shares at a price of 2,750 pence per share, representing 0.45% of the Company's issued ordinary share capital. Also on 4 September 2019, Naemi Best, wife of Tony Best, disposed of 30,000 ordinary shares at a price of 2,750 pence per share, representing 0.14% of the Company's issued ordinary share capital. In both cases, the disposal was made to satisfy institutional demand.

Following the sale, Tony Best together with his wife Naemi Best remain interested in 5,917,107 ABD ordinary shares, representing 26.63% of the Company's issued share capital. 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

The person responsible for arranging the release of this information is Dr James Routh, Chief Executive Officer of the Company.

For further information please contact:

AB Dynamics plc	01225 860 200
Tony Best, Non-Executive Chairman Dr James Routh, CEO
Cairn Financial Advisers LLP (Nomad)	0207 213 0880
Tony Rawlinson Liam Murray 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 (PR)	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, employing approximately 260 staff.  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

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Tony Best
2	Reason for notification
a.	Position/Status	Director
b.	Initial notification/ Amendment	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 the financial instrument, type of instrument Identification Code	Ordinary shares of 1p each   ISIN: GB00B9GQVG73
b.	Nature of the transaction	Disposal of ordinary shares
c.	Price(s) and volume(s)
			Price(s) per share	Volume(s)
			2,750 pence	100,000
d.	Aggregated information - Aggregated Volume - Price	N/a
e.	Date of the transaction	4 September 2019
f.	Place of the transaction	London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Naemi Best
2	Reason for notification
a.	Position/Status	Spouse of Director
b.	Initial notification/ Amendment	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 the financial instrument, type of instrument Identification Code	Ordinary shares of 1p each   ISIN: GB00B9GQVG73
b.	Nature of the transaction	Disposal of ordinary shares
c.	Price(s) and volume(s)
			Price(s) per share	Volume(s)
			2,750 pence	30,000
d.	Aggregated information - Aggregated Volume - Price	N/a
e.	Date of the transaction	4 September 2019
f.	Place of the transaction	London Stock Exchange

 

END

 

 

DSHGCGDCXBGBGCU