Director's Dealing • Feb 12, 2018
Director's Dealing
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National Storage Mechanism | Additional information
RNS Number : 6335E
AB Dynamics PLC
12 February 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 9 February 2018, Tim Rogers, Chief Executive Officer of the Company, sold 150,000 ABD ordinary shares at a price of 785 pence per share, representing 0.77 % of the Company's issued ordinary share capital.
Mr Rogers continues to hold an interest in the Company consisting of 192,953 ABD ordinary shares which represents 1.00% of the Company's issued ordinary 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 Tim Rogers, CEO Rob Hart, CFO |
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.
1
Details of the relevant person / person closely associated
a)
Name
Tim Rogers
2
Reason for the notification
a)
Position/status
CEO
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
GB00B9GQVG73
b)
Nature of the transaction
Disposal
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £7.85 | 150,000 |
d)
Aggregated information
- Aggregated volume
As above
- Price
e)
Date of the transaction
9 February 2018
f)
Place of the transaction
AIM
This information is provided by RNS
The company news service from the London Stock Exchange
END
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