REG - AB Dynamics PLC - Director/PDMR Shareholding

Ab DynamicsAnnouncement

10/03/2021 16:20

RNS Number : 8483R
  
AB Dynamics PLC
  
10 March 2021
  
 

10 March 2021
AB Dynamics plc
("AB Dynamics", the "Company" or the "Group")
Exercise of Options and Dealing by a Director
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, announces it has issued and allotted 33,333 ordinary shares of 1 penny each ("New Ordinary Shares"). The New Ordinary Shares are being issued pursuant to the exercise of options under the Unapproved Company Share Option Plan to James Routh, Chief Executive Officer of the Company.
Accordingly, application has been made for the 33,333 New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective, and that dealings will commence in the New Ordinary Shares at 08.00 a.m. on 15 March 2021. The New Ordinary Shares will rank, pari passu, with the existing ordinary shares in the Company.
In conjunction with the option exercise and issue of New Ordinary Shares, Dr Routh has sold 27,478 New Ordinary Shares in order to meet the cost of the exercise and to satisfy personal taxation liabilities arising from the exercise. Following these transactions, Dr Routh's shareholding in the Company will increase by 5,855 shares to 13,193 shares, representing 0.058% per cent. of the Company's issued share capital. 
Total voting rights
 
Following Admission, the Company's enlarged issued share capital will comprise 22,618,558 ordinary shares of 1 penny each. 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, Guidance 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 Felicity Jackson, Company Secretary.
 
Enquiries:



AB Dynamics plc


01225 860 200




Dr James Routh, Chief Executive Officer
Sarah Matthews-DeMers, Chief Financial Officer


















Peel Hunt LLP


0207 418 8900




Mike Bell
Ed Allsopp


















Tulchan Communications


0207 353 4200




James Macey White
Matt Low
Laura Marshall







 
The person responsible for arranging the release of this information is Felicity Jackson, Company Secretary.
 
The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
 



1.         


Details of the person discharging managerial responsibilities / person closely associated




a.          


Name


James Routh




2.          


Reason for the notification




a.          


Position/status


CEO




b.          


Initial notification
/Amendment


Initial notification




3.          


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




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
Identification code


Ordinary shares of 1 penny
 
 
GB00B9GQVG73




b.          


Nature of the transaction


 
1) Exercise of Unapproved Company Share Option Plan options
 
2) Sale of New Ordinary Shares
 




c.          


Price(s) and volume(s)


 







Price(s)
 


Volume(s)




1)


£12.30


33,333




2)


£20.30


27,478








d.          


Aggregated information
·      Aggregated volume
·      Price
 


 
As above




e.          


Date of the transaction


9 March 2021




f.          


Place of the transaction


1)   Outside a trading venue
2)   London Stock Exchange, AIM



 

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