Last checked at 19 Mar 2020 13:32
AB Dynamics plc
("AB Dynamics", the "Company" or the "Group")
Directors' Share Dealing
19 March 2020 - AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, announces that it was notified on 19 March 2020, that: (i) Dr James Routh, Chief Executive Officer of the Company, purchased 2,213 ordinary shares in AB Dynamics at the weighted average price of 901.66p pence per share on 19 March 2020, and (ii) Tony Best, Non-executive Chairman of the Company has purchased 9,000 shares at 950.00p per share on 19 March 2020.
Following the purchase of these shares Dr Routh's interest in the Company will represent 0.01% of the current issued share capital and Tony Best together with his wife Naemi Best remain interested in 5,926,107 ABD ordinary shares, representing 26.32% of the Company's issued share capital.
Set out below is the information required by Article 19(3) of the EU Market Abuse Regulation No 596/2014:
Enquiries:
AB Dynamics plc | 01225 860 200 |
Tony Best, Chairman | |
Dr James Routh, Chief Executive Officer | |
Sarah Matthews-DeMers, Chief Financial Officer | |
Mat Hubbard, Chief Technology Officer | |
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Cairn Financial Advisers (Nomad) | 0207 213 0880 |
Liam Murray Tony Rawlinson Ludovico Lazzaretti
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Cantor Fitzgerald Europe (Broker) | 0207 894 7000
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Phil Davies, David Foreman (Corporate Finance) Caspar Shand Kydd, Keith Dowsing, Arthur Gordon (Equity Sales)
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Tulchan Communications | 0207 353 4200 |
James Macey White | |
Matt Low |
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Deborah Roney |
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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 Felicity Jackson, Company Secretary.
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 (the Group). 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 | Dr James Mathew Routh | ||||
2 | Reason for the notification | |||||
a) | Position/status | CEO and Director of AB Dynamics plc | ||||
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
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b) | Nature of the transaction | Share purchase | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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| - Aggregated volume | N/A | ||||
| - Price |
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e) | Date of the transaction | 19 March 2020 | ||||
f) | Place of the transaction | London Stock Exchange
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1 | Details of the relevant person / person closely associated | |||||
a) | Name | Anthony Best | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-executive Chairman | ||||
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
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b) | Nature of the transaction | Share purchase | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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| - Aggregated volume | N/A | ||||
| - Price |
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e) | Date of the transaction | 19 March 2020 | ||||
f) | Place of the transaction | London Stock Exchange
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