Director/PDMR Shareholding

RNS Number : 8116M

AB Dynamics PLC

02 May 2018

 

AB Dynamics plc

("ABD" or the "Company")

PDMR share dealing

AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry announces that on 01 May 2018 Anthony Best sold 100,000 ABD ordinary shares at a price of 990 pence per share, representing 0.52% of the Company's issued ordinary share capital.

Following the sale, Mr Best together with his wife Naemi Best remain interested in 6,147,107 ABD ordinary shares, representing 31.71% of the Company's issued share capital.

On 01 May 2018, Anne Middleton, a director of Anthony Best Dynamics Limited, sold 100,000 ABD ordinary shares at a price of 990 pence per share, representing 0.52% of the Company's issued ordinary share capital. Following the sale, Anne Middleton remains interested in 1,200,000 ABD ordinary shares, representing 6.19% of the Company's issued share capital.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and has been arranged for release by Robert Hart, Chief Financial Officer of the Company.

For further information please contact:

AB Dynamics plc Tony Best, Chairman Rob Hart, Chief Financial Officer	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
IFC Advisory (PR) Tim Metcalfe Heather Armstrong Graham Herring	0203 053 8671

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 130 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.

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

1	Details of the relevant person / person closely associated
a)	Name	Anthony Best
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification/ Amendment	Initial
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 financial instrument, type of instrument	Ordinary Shares
	Identification code	GB00B9GQVG73
b)	Nature of the transaction	Sale
c)	Price(s) and volume(s)	Price(s) Volume(s) 9.90 100,000
d)	Aggregated information
	- Aggregated volume
	- Price
e)	Date of the transaction	01/05/18
f)	Place of the transaction	AIM

1	Details of the relevant person / person closely associated
a)	Name	Anne Middleton
2	Reason for the notification
a)	Position/status	Director of Anthony Best Dynamics Ltd
b)	Initial notification/ Amendment	Initial
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 financial instrument, type of instrument	Ordinary Shares
	Identification code	GB00B9GQVG73
b)	Nature of the transaction	Sale
c)	Price(s) and volume(s)	Price(s) Volume(s) 9.90 100,000
d)	Aggregated information
	- Aggregated volume
	- Price
e)	Date of the transaction	01/05/18
f)	Place of the transaction	AIM

 

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