Update on Proposed Placing

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

 

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