Director's dealing

RNS Number : 0709Z

AB Dynamics PLC

09 March 2017

 

9 March 2017

AB Dynamics plc

("ABD" or the "Company")

Director's dealing

AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry announces that on 6 March 2017 Timothy (Tim) Rogers transferred 50,000 ABD ordinary shares for nil consideration representing 0.26% of the Company's issued ordinary share capital to his wife Jeanette Grafstrom.

Following the sale, Mr Rogers together with his wife Jeanette Grafstrom remains interested in 398,953 ABD ordinary shares, representing 2.09% of the Company's issued share capital.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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

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. ABD is headquartered in Bradford-on-Avon employing approximately 90 staff. ABD currently supplies all 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.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
Details of the person discharging managerial responsibilities/person closely associated
Name	Timothy (Tim) Rogers
Reason for notification
Position/Status	Chief Executive Officer of AB Dynamics Plc
Initial notification/ Amendment	Initial notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	AB Dynamics Plc
LEI	213800OFXZP4A7I47K43
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
Description of the financial instrument, type of instrument Identification Code	Ordinary Shares of 1 p each.   ISIN: GB00B9GQVG73
Nature of the transaction	Gift of shares to spouse at nil value
Price(s) and volume(s)
		Price(s)	Volume(s)
		Nil	50,000
Aggregated information - Aggregated Volume - Price	50,000 Nil
Date of the transaction	6 March 2017
Place of the transaction	London Stock Exchange

 

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