REG - AB Dynamics PLC - Exercise of Options

Ab DynamicsAnnouncement

27/09/2019 11:00

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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