AB Dynamics plc
("AB Dynamics" or "ABD" or the "Group")
Director and PCA share dealings
AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market announces that, following the recently announced acquisition of Dynamic Research Incorporated, on 4 September 2019, Tony Best disposed of 100,000 ordinary shares at a price of 2,750 pence per share, representing 0.45% of the Company's issued ordinary share capital. Also on 4 September 2019, Naemi Best, wife of Tony Best, disposed of 30,000 ordinary shares at a price of 2,750 pence per share, representing 0.14% of the Company's issued ordinary share capital. In both cases, the disposal was made to satisfy institutional demand.
Following the sale, Tony Best together with his wife Naemi Best remain interested in 5,917,107 ABD ordinary shares, representing 26.63% of the Company's issued share capital.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
The person responsible for arranging the release of this information is Dr James Routh, Chief Executive Officer of the Company.
For further information please contact:
AB Dynamics plc |
01225 860 200 |
Tony Best, Non-Executive Chairman Dr James Routh, CEO |
|
Cairn Financial Advisers LLP (Nomad) |
0207 213 0880 |
Tony Rawlinson Liam Murray Ludovico Lazzaretti |
|
Cantor Fitzgerald Europe (Broker) |
0207 894 7000 |
Phil Davies, David Foreman (Corporate Finance) Caspar Shand Kydd, Keith Dowsing, Arthur Gordon (Equity Sales) |
|
Tulchan Communications (PR) |
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, UK, employing approximately 260 staff. 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
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a. |
Name |
Tony Best |
2 |
Reason for notification |
|
a. |
Position/Status |
Director |
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 1p each
ISIN: GB00B9GQVG73 |
b. |
Nature of the transaction |
Disposal of ordinary shares |
c. |
Price(s) and volume(s) |
|
|
|
|
|
|
Price(s) per share |
Volume(s) |
|
2,750 pence |
100,000 |
|
|
d. |
Aggregated information - Aggregated Volume - Price |
N/a |
e. |
Date of the transaction |
4 September 2019 |
f. |
Place of the transaction |
London Stock Exchange |
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a. |
Name |
Naemi Best |
2 |
Reason for notification |
|
a. |
Position/Status |
Spouse of Director |
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 1p each
ISIN: GB00B9GQVG73 |
b. |
Nature of the transaction |
Disposal of ordinary shares |
c. |
Price(s) and volume(s) |
|
|
|
|
|
|
Price(s) per share |
Volume(s) |
|
2,750 pence |
30,000 |
|
|
d. |
Aggregated information - Aggregated Volume - Price |
N/a |
e. |
Date of the transaction |
4 September 2019 |
f. |
Place of the transaction |
London Stock Exchange |
