Issue of Equity and PDMR Shareholding

RNS Number : 6719H

AB Dynamics PLC

07 December 2020

 

7 December 2020

AB Dynamics plc

("AB Dynamics", the "Company" or the "Group")

Director/PDMR Shareholding

Issue of Bonus Shares

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, announces that on 4 December 2020, it issued 1,041 ordinary shares of 1p each ("Ordinary Shares") to directors of the Company in satisfaction of 20% of their respective annual bonus payments for the year ended 31 August 2020 ("Bonus Shares").

The Bonus Shares are being issued at a price of 1780p, being the closing mid-market share price on 3 December 2020.  The Bonus Shares have a required holding period of three years. 

The table below sets out the allocation of the Bonus Shares together with the resulting holdings of the directors following Admission:

Name	Number of Bonus Shares issued	Resulting interest in Ordinary Shares	Resulting percentage of Ordinary Shares
James Routh	6 92	7,338	0.032%
Sarah Matthews-DeMers	349	349	0.002%

Application has been made to the London Stock Exchange for 1,041 new Ordinary Shares to be admitted to trading on AIM. It is expected that admission will become effective and that dealings will commence in the new Ordinary Shares on or around 11 December 2020 ("Admission"). The new Ordinary Shares will rank, pari passu, with the Company's existing Ordinary Shares.

Total Voting Rights

Following Admission, the Company's total issued share capital will comprise 22,585,225 Ordinary Shares. The Company does not hold any shares in treasury. Therefore the total number of voting rights in the Company will be 22,585,225.  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 Guidance and Transparency Rules.

Enquiries:

AB Dynamics plc	01225 860 200
Dr James Routh, Chief Executive Officer Sarah Matthews-DeMers, Chief Financial Officer
Peel Hunt LLP	0207 418 8900
Mike Bell Ed Allsopp
Tulchan Communications	0207 353 4200
James Macey White Matt Low Laura Marshall

The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

1	Details of the relevant person / person closely associated
a)	Name	1.James Mathew Routh 2. Sarah Louise Matthews-DeMers
2	Reason for the notification
a)	Position/status	Directors of AB Dynamics plc
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	Award of shares in partial satisfaction of an annual bonus payment
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 1. 6 92 2. 3 49
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	4 December 2020
f)	Place of the transaction	London Stock Exchange, AIM

 

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