Director/PDMR Shareholding

RNS Number : 0614C
AB Dynamics PLC
27 September 2018
 

 

 

27 September 2018

 

 

AB Dynamics plc

("ABD" or the "Company")

 

PDMR share dealing

 

AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry announces it was notified on 26 September 2018 that Stephen Neads sold 19,486 ABD ordinary shares on 26 September 2018 at a price of 1240 pence per share, representing 0.10% of the Company's issued ordinary share capital.

 

Following the sale, Mr Neads remains interested in 83,714 ABD ordinary shares, representing 0.43% of the Company's issued share capital.

 

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

Tony Best, Chairman

Rob Hart, Chief Financial Officer

 

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 150 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

Disposal

c)

Price(s) and volume(s)

 


Price(s)

Volume(s)


£12.40

19,486

 

 

d)

Aggregated information



- Aggregated volume

As above


- Price

As above

e)

Date of the transaction

 

26 September 2018

f)

Place of the transaction

AIM

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHFKADNPBKDQCB

Companies

AB Dynamics (ABDP)
UK 100

Latest directors dealings