AB Dynamics PLC Grant of Options & Related Party Transaction (8565V)
05 Dicembre 2019 - 1:30PM
UK Regulatory
TIDMABDP
RNS Number : 8565V
AB Dynamics PLC
05 December 2019
AB Dynamics plc
("AB Dynamics" "ABD" or the "Company")
Grant of Options & Related Party Transaction
London, 5 December 2019 - 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 has granted options over 60,000 new ordinary shares of 1
pence each in the Company to Sarah Matthews-DeMers, the Company's
new Chief Financial Officer who joined the board on 4 November
2019, and a further 60,000 options over new ordinary shares of 1
pence each in the Company to Matthew Hubbard the Company's Chief
Technology Officer. This grant of 120,000 options represents 0.54
per cent. of the Company's issued share capital.
Sarah Matthews-DeMers has no other options over, or holdings in,
the Company's shares. Matthew Hubbard holds 107,649 shares in the
Company. This figure remains unchanged.
The options have an exercise price of 2140 pence, being the
closing price on 3 December 2019. One half will vest on 4 December
2020 and the remainder on the second anniversary.
Related Party Transactions
The grant of options to Matt Hubbard is a related party
transaction for the purposes of Rule 13 of the AIM Rules for
Companies.
The Company's independent directors, consider, having consulted
the Company's Nominated Adviser, Cairn Financial Advisers LLP, that
the terms of the related party transaction is fair and reasonable
insofar as the shareholders of the Company are concerned.
Enquires:
AB Dynamics plc 01225 860 200
Tony Best, Non-Executive Chairman
Dr James Routh, Chief Executive Officer
Mat Hubbard, Chief Technology Officer
Sarah Matthews-DeMers, Chief Financial 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
Ludovico Lazzaretti
Tulchan Communications 0207 353 4200
James Macey White
Matt Low
Deborah Roney
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.
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 Sarah Matthews-DeMers
------------------------------ -------------------------------
2 Reason for the notification
---------------------------------------------------------------
a) Position/status Director of AB Dynamics plc
------------------------------ -------------------------------
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 Grant of options
------------------------------ -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP21.40 60,000
---------- ----------
------------------------------ -------------------------------
d) Aggregated information
- Aggregated volume As above
- Price As above
------------------------------ -------------------------------
e) Date of the transaction 4 December 2019
------------------------------ -------------------------------
f) Place of the transaction AIM
------------------------------ -------------------------------
1 Details of the relevant person / person closely associated
a) Name Matthew Hubbard
------------------------------ -------------------------------
2 Reason for the notification
---------------------------------------------------------------
a) Position/status Director of AB Dynamics plc
------------------------------ -------------------------------
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 Grant of options
------------------------------ -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP21.40 60,000
---------- ----------
------------------------------ -------------------------------
d) Aggregated information
- Aggregated volume As above
- Price As above
------------------------------ -------------------------------
e) Date of the transaction 4 December 2019
------------------------------ -------------------------------
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
DSHTABTTMBTMBTL
(END) Dow Jones Newswires
December 05, 2019 07:30 ET (12:30 GMT)
Grafico Azioni Ab Dynamics (LSE:ABDP)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Ab Dynamics (LSE:ABDP)
Storico
Da Apr 2023 a Apr 2024