Exercise of Share Options

RNS Number : 3282C

AB Dynamics PLC

19 January 2018

 

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 the exercise of options held by certain employees and PDMRs of the Company (the "Option Exercise") in respect of a total of 193,486 new ordinary shares of 1 pence each in the Company (the "New Ordinary Shares"). The exercise price of the options is 395 pence each.

Application has been made to the London Stock Exchange for a total of 193,486 New Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 23 January 2018. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

Of the options exercised the following were by PDMRs of the Company.

PDMR	Options exercised	Shares sold	Sale price per share
Stephen Neads	21,986	Nil	-
Adrian Simms	14,133	14,133	850p
Jeremy Ash	14,093	14,093	850p
Andrew Pick	4,000	Nil	-
Karen Pluse	13,554	13,554	850p
Stuart Luke	13,182	13,182	850p

Total voting rights

Following Admission, the Company's enlarged issued share capital will comprise 19,387,485 ordinary shares. 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 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 Robert Hart, Chief Financial Officer of the Company.

For further information please contact:

AB Dynamics plc Tim Rogers, CEO Rob Hart, CFO	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 120 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	Stephen Neads
2	Reason for the notification
a)	Position/status	Director of Anthony Best Dynamics Ltd
b)	Initial notification/ Amendment	Initial notification
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	Exercise of 21,986 options over Ordinary Shares with an exercise price of £3.95
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise £3.95 21,986
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	18 January 2018
f)	Place of the transaction	AIM

1	Details of the relevant person / person closely associated
a)	Name	Adrian Simms
2	Reason for the notification
a)	Position/status	Senior Manager
b)	Initial notification/ Amendment	Initial notification
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	Exercise of 14,133 options over Ordinary Shares with an exercise price of £3.95 Sale of 14,133 Ordinary Shares at a price of £8.50
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise £3.95 14,133 Sale £8.50 14,133
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	18 January 2018
f)	Place of the transaction	AIM
1	Details of the relevant person / person closely associated
a)	Name	Jeremy Ash
2	Reason for the notification
a)	Position/status	Senior Manager
b)	Initial notification/ Amendment	Initial notification
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	Exercise of 14,093 options over Ordinary Shares with an exercise price of £3.95 Sale of 14,093 Ordinary Shares at a price of £8.50
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise £3.95 14,093 Sale £8.50 14,093
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	18 January 2018
f)	Place of the transaction	AIM

1	Details of the relevant person / person closely associated
a)	Name	Andrew Pick
2	Reason for the notification
a)	Position/status	Senior Manager
b)	Initial notification/ Amendment	Initial notification
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	Exercise of 4,000 options over Ordinary Shares with an exercise price of £3.95
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise £3.95 4,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	18 January 2018
f)	Place of the transaction	AIM

1	Details of the relevant person / person closely associated
a)	Name	Karen Pluse
2	Reason for the notification
a)	Position/status	Senior Manager
b)	Initial notification/ Amendment	Initial notification
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	Exercise of 13,554 options over Ordinary Shares with an exercise price of £3.95 Sale of 13,554 Ordinary Shares at a price of £8.50
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise £3.95 13,554 Sale £8.50 13,554
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	18 January 2018
f)	Place of the transaction	AIM

1	Details of the relevant person / person closely associated
a)	Name	Stuart Luke
2	Reason for the notification
a)	Position/status	Senior Manager
b)	Initial notification/ Amendment	Initial notification
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	Exercise of 13,182 options over Ordinary Shares with an exercise price of £3.95 Sale of 13,182 Ordinary Shares at a price of £8.50
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise £3.95 13,182 Sale £8.50 13,182
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	18 January 2018
f)	Place of the transaction	AIM

 

END

 

 

MSCBPMMTMBTBTLP