AB Dynamics PLC Director/PDMR Shareholding (8795P)
May 31 2018 - 8:48AM
UK Regulatory
TIDMABDP
RNS Number : 8795P
AB Dynamics PLC
31 May 2018
AB Dynamics plc
("ABD" or the "Company")
PDMR share dealing
AB Dynamics plc (AIM: ABDP) the designer, manufacturer and
supplier of advanced testing systems and measurement products to
the global automotive industry announces that on 25 May 2018
Stephen Neads sold 25,000 ABD ordinary shares at a price of 1045
pence per share, representing 0.13% of the Company's issued
ordinary share capital.
Following the sale, Mr Neads remains interested in 82,986 ABD
ordinary shares, representing 0.43% of the Company's issued share
capital.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 and has been arranged for
release by Robert Hart, Chief Financial Officer of the Company.
For further information please contact:
AB Dynamics plc
Tony Best, Chairman
Rob Hart, Chief Financial Officer 01225 860 200
Cairn Financial Advisers LLP
(Nomad)
Tony Rawlinson
Liam Murray
Richard Nash 0207 213 0880
Cantor Fitzgerald Europe (Broker)
David Foreman
Phil Davies 0207 894 7000
IFC Advisory (PR)
Tim Metcalfe
Heather Armstrong
Graham Herring 0203 053 8671
Overview of AB Dynamics plc
ABD is a leading designer, manufacturer and provider of advanced
testing and measurement products for vehicle suspension, brakes and
steering to the global automotive research and development sector.
The Group was founded in 1982 and listed on AIM in May 2013. The
Group is headquartered in Bradford on Avon employing approximately
130 staff. ABD currently supplies twenty of the top twenty
automotive manufacturers, including Honda, Toyota, Ford and
Volkswagen, who routinely use the Group's products to test vehicle
safety and dynamics.
The notifications set out below are provided in accordance with
the requirements of the EU Market Abuse Regulation.
1 Details of the relevant person / person closely associated
a) Name Stephen Neads
-------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position/status Director of Anthony Best Dynamics Ltd
-------------------------- --------------------------------------
b) Initial notification/ Initial notification
Amendment
-------------------------- --------------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
Identification code GB00B9GQVG73
-------------------------- --------------------------------------
b) Nature of the transaction Disposal
-------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP10.45 25,000
---------- ----------
-------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume As above
- Price As above
-------------------------- --------------------------------------
e) Date of the transaction 25 May 2018
-------------------------- --------------------------------------
f) Place of the transaction AIM
-------------------------- --------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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