Block Listing Application

RNS Number : 8560L

AB Dynamics PLC

10 September 2019

 

London, 10 September 2019 

AB Dynamics plc

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

Block Listing Application

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, announces that an application has been made to the London Stock Exchange for a block listing of 376,746 ordinary shares of £0.01 each in the Company ("Ordinary Shares").

These Ordinary Shares will be issued in order to satisfy the requirement to allot shares under the AB Dynamics plc Enterprise Management Incentive Share Option Plan, the AB Dynamics plc Company Share Option Plan and the AB Dynamics plc Unapproved Company Share Option Plan, in the allocation detailed in the table below.

AB Dynamics plc Enterprise Management Incentive Share Option Plan	100,487
AB Dynamics plc Company Share Option Plan	146,855
AB Dynamics plc Unapproved Company Share Option Plan	129,404

It is expected that admission will become effective on or around 13 September 2019. The Ordinary Shares under the block listing will rank pari passu with the Company's existing Ordinary Shares.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and has been arranged for release by Dr James Routh, CEO of the Company.

Enquires:

AB Dynamics plc	01225 860 200
Tony Best, Non-Executive Chairman
Dr James Routh, Chief Executive Officer
Mat Hubbard, Chief Technology Officer
Cantor Fitzgerald Europe (Broker)	0207 894 7000
Phil Davies, David Foreman (Corporate Finance) Caspar Shand Kydd, Keith Dowsing, Arthur Gordon (Equity Sales)
Cairn Financial Advisers (Nomad)	0207 213 0880
Tony Rawlinson Liam Murray Ludovico Lazzaretti
Tulchan Communications	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 (the Group), UK. 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.

 

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