REG - AB Dynamics PLC - Block Listing Application

Ab DynamicsAnnouncement

10/09/2019 14:00

RNS Number : 8560L
AB Dynamics PLC
10 September 2019
 


London, 10 September 2019 
 
AB Dynamics plc
 
 ("AB Dynamics" "ABD" or the "Company")
 
Block Listing Application
 
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, announces that an application has been made to the London Stock Exchange for a block listing of 376,746 ordinary shares of £0.01 each in the Company ("Ordinary Shares").
 
These Ordinary Shares will be issued in order to satisfy the requirement to allot shares under the AB Dynamics plc Enterprise Management Incentive Share Option Plan, the AB Dynamics plc Company Share Option Plan and the AB Dynamics plc Unapproved Company Share Option Plan, in the allocation detailed in the table below.
 



AB Dynamics plc Enterprise Management Incentive Share Option Plan


100,487




AB Dynamics plc Company Share Option Plan


146,855




AB Dynamics plc Unapproved Company Share Option Plan


129,404



 
It is expected that admission will become effective on or around 13 September 2019. The Ordinary Shares under the block listing will rank pari passu with the Company's existing Ordinary Shares.
 
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.
 
 




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