REG - AB Dynamics PLC - Director/PDMR Shareholding

Ab DynamicsAnnouncement

22/06/2023 07:00

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RNS Number : 5156D  AB Dynamics PLC  22 June 2023

22 June 2023

 

AB Dynamics plc

("AB Dynamics" or the "Company")

 

PDMR/PCA Shareholding

Issue of Equity

 

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of
advanced testing systems and measurement products to the global transport
market, announces it has issued and allotted 33,334 ordinary shares of 1 penny
each ("New Ordinary Shares"). The New Ordinary Shares are being issued to
James Routh, Chief Executive Officer of the Company, pursuant to the exercise
of options under certain share option schemes.

Accordingly, application has been made for the 33,334 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 23 June 2023. 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 27,101 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 6,233 shares to 25,433 shares, representing 0.11% per cent.
of the Company's issued share capital.

 

Total voting rights

 

Following Admission, the Company's enlarged issued share capital will comprise
22,934,365 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, on behalf of the Company Secretary.

 

 Contact:

 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

 

The below notification made in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail:

  1   Details of the relevant person / person closely associated
 a)   Name                                                         Dr James Routh
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer
 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  Ordinary Shares
      Identification code                                          ISIN: GB00B9GQVG73
 b)   Nature of the transaction                                    1)   Exercise of share options

                                                                   2)   Sale of Ordinary Shares
 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   1)  1230p     33,334
                                                                   2)  2000p     27,101
 d)   Aggregated information
      - Aggregated volume                                          N/A
      - Price
 e)   Date of the transaction                                      20 June 2023
 f)   Place of the transaction                                     1)   Outside of a trading venue

                                                                   2)   London Stock Exchange, AIM

d)

Aggregated information

- Aggregated volume

N/A

- Price

e)

Date of the transaction

20 June 2023

f)

Place of the transaction

1)   Outside of a trading venue

2)   London Stock Exchange, AIM

 

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