Exercise of Share Options and Total Voting Rights

RNS Number : 1454C

AB Dynamics PLC

24 June 2016

 

24 June 2016

AB Dynamics plc

("ABD" or the "Company")

Exercise of Share Options

Total Voting Rights

Exercise of options

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, announces that it has received notices to exercise options from Directors and employees of the Company (the "Option Exercise") to subscribe for a total of 430,172 new ordinary shares of 1 pence each in the Company (the "New Ordinary Shares"). The exercise price of the options is 12.52 pence each.

Application has been made to the London Stock Exchange for a total of 430,172 New Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 29 June 2016. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

Directors' dealings

Options exercised by directors of the Company which are included in the above total are as follows:

Timothy (Tim) Rogers                    186,100

Robert (Rob) Hart                                5,134

Following the exercise of options, Mr Rogers owns 457,701 ordinary shares representing 2.6 % of the Company's enlarged issued share capital and Mr Hart owns 19,332 ordinary shares representing 0.1% of the Company's enlarged issued share capital.

Total voting rights

Following Admission, the Company's enlarged issued share capital will comprise 17,764,578 ordinary shares. The Company does not hold any shares in treasury. The figure of 17,764,578 ordinary shares 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.

For further information please contact:

AB Dynamics plc Tim Rogers, Managing Director Tony Best, Chairman	01225 860 200
Cairn Financial Advisers LLP (Nomad) Tony Rawlinson Liam Murray	0207 148 7900
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. The Group is headquartered in Bradford on Avon employing approximately 80 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.

 

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