Exercise of Options

RNS Number : 5549W

AB Dynamics PLC

11 December 2019

 

AB Dynamics plc

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

Exercise of Options

London, 11 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 the exercise of options held by certain employees of the Company (the "Option Exercise") in respect of a total of 31,970 new ordinary shares of 1 pence each in the Company (the "New Ordinary Shares").

The Company has previously applied to list these shares as part of the block listing of 376,746 ordinary shares of £0.01 each in the Company ("Ordinary Shares"), to be admitted to trading on AIM ("Admission") and Admission occurred on 13 September 2019.

The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company. Total voting rights following Admission, the Company's enlarged issued share capital will comprise 22,451,478 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.

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.

 

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