AB Dynamics PLC Exercise of Share Options (5654F)
July 15 2019 - 8:05AM
UK Regulatory
TIDMABDP
RNS Number : 5654F
AB Dynamics PLC
15 July 2019
For immediate release
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF
THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
15 July 2019
AB Dynamics plc
("AB Dynamics", the "Company" or the "Group")
Exercise of Share Options
Total Voting Rights
Exercise of options
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and
supplier of advanced testing systems and measurement products to
the global automotive industry, announces the exercise of options
held by certain employees of the Company (the "Option Exercise") in
respect of a total of 263,246 new ordinary shares of 1 pence each
in the Company (the "New Ordinary Shares"). The exercise price of
the options is 395 pence each.
Application has been made to the London Stock Exchange for a
total of 263,246 New Ordinary Shares to be admitted to trading on
AIM ("Admission") and Admission is expected to occur on or around
22 July 2019. The New Ordinary Shares will rank pari passu with the
existing ordinary shares in the Company.
Total voting rights
Following Admission, the Company's enlarged issued share capital
will comprise 22,219,982 ordinary shares. 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 and Transparency Rules.
Enquires:
AB Dynamics plc 01225 860 200
Tony Best, Non-Executive Chairman
Dr James Routh, Chief Executive Officer
Cantor Fitzgerald Europe (Broker) 0207 894 7000
Phil Davies, David Foreman (Corporate Finance)
Caspar Shand Kydd, Keith Dowsing, Arthur
Gordon (Equity Sales)
Cairn Financial Advisers (Nomad) 0207 213 0880
Tony Rawlinson
Liam Murray
Richard Nash
Tulchan Communications 0207 353 4200
James Macey White
Matt Low
Deborah Roney
The person responsible for arranging the release of this
information is Dr James Routh, CEO of the Company.
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.
The Group is headquartered in Bradford-on-Avon, UK, employing
approximately 215 staff. AB Dynamics currently supplies all the top
automotive manufacturers, Tier 1 suppliers and service providers,
who routinely use the Group's products to test vehicle safety
systems and dynamics.
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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