Director Dealing

RNS Number : 2158X

AB Dynamics PLC

17 December 2019

 

AB Dynamics plc

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

Director Dealing

London, 17 December 2019 - 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 16^th December 2019, to satisfy institutional demand, Matthew Hubbard, a Director of AB Dynamics plc and an employee for over 20 years, disposed of 40,000 ABD ordinary shares at a price of £23.2151 pence per share, representing approximately 0.17% of the Company's issued ordinary share capital.

Following the sale, Mr Hubbard together with his spouse Lyn Fenner remains a significant shareholder interested in 75,243 ABD ordinary shares, their combined holding represents 0.3351% of the Company's issued share capital.

Enquires:

AB Dynamics plc	01225 860 200
Tony Best, Non-Executive Chairman
Dr James Routh, Chief Executive Officer Sarah Matthews-DeMers, Chief Financial 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

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, The person responsible for arranging the release of this information is Felicity Jackson, Company Secretary.

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, UK (the Group).  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.

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	Matthew Hubbard
2	Reason for the notification
a)	Position/status	Director 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	ISIN: GB00B9GQVG73
b)	Nature of the transaction	Disposal of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £23.2151 40,000
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	16 December 2019
f)	Place of the transaction	London Stock Exchange

 

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