Exercise of Options

RNS Number : 9650N

AB Dynamics PLC

27 September 2019

 

London, 27 September 2019 

AB Dynamics plc

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

Exercise of Options

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, announces the exercise of options held by certain employees and PDMRs of the Company and Robert Hart, a former employee of the Company, (the "Option Exercise") in respect of a total of 199,526 new ordinary shares of 1 pence each in the Company (the "New Ordinary Shares").

The exercise price of 197,178 of the options is 395 pence each, the remaining 2,348 options were exercised at 445 pence. Further details concerning the PDMRs exercising options are detailed in the table below:

	Number of options exercised	Resulting shareholding in the Company following exercise of options	Percentage shareholding in the Company following exercise of options
Matthew Hubbard*	7,594	115,243	0.51%
Colin Martin	10,256	27,995	0.12%
Stephen Neads*	23,756	95,742	0.43%
Andrew Pick*	11,044	28,111	0.13%
Andrew Rumble*	43,970	203,313	1.03%
Adrian Simms*	7,594	20,699	0.09%

*These individuals' resulting shareholding includes the shareholding of persons closely associated with them.

The Company has previously applied to list these New Ordinary Shares as part of the block listing of 376,746 ordinary shares of £0.01 each in the Company. The New Ordinary Shares rank pari passu with the existing ordinary shares in the Company.

Total voting rights

As a result of this issuance, the Company's enlarged issued share capital will comprise 22,419,508 ordinary shares. The Company does not hold any shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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.

1	Details of the relevant person / person closely associated
a)	Name	a)     Matthew Hubbard b)    Colin Martin c)     Stephen Neads d)    Andrew Pick e)    Andrew Rumble f)     Adrian Simms
2	Reason for the notification
a)	Position/status	a)     Director of the Company b)    Director of Anthony Best Dynamics Ltd c)     Director of Anthony Best Dynamics Ltd d)    Director of Anthony Best Dynamics Ltd e)    Director of Anthony Best Dynamics Ltd f)    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	Options over Ordinary Shares
	Identification code	ISIN: GB00B9GQVG73
b)	Nature of the transaction	Exercise of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) a)     £3.95 a)     7,594 b)    10,256 c)     23,756 d)    11,044 e)    43,970 f)     7,594
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	a) 25 September 2019 b) 7,594 Shares on 25 September 2019 and      2,662 Shares on 26 September 2019 c) 25 September 2019 d) 25 September 2019 e) 25 September 2019 f) 25 September 2019
f)	Place of the transaction	London Stock Exchange

 

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