ABDP Ab Dynamics Plc

TIDMABDP

RNS Number : 2158X

AB Dynamics PLC

17 December 2019

AB Dynamics plc

("AB Dynamics" "ABD" or the "Company")

Director Dealing

London, 17 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 on 16(th) December 2019, to satisfy institutional demand, Matthew Hubbard, a Director of AB Dynamics plc and an employee for over 20 years, disposed of 40,000 ABD ordinary shares at a price of GBP23.2151 pence per share, representing approximately 0.17% of the Company's issued ordinary share capital.

Following the sale, Mr Hubbard together with his spouse Lyn Fenner remains a significant shareholder interested in 75,243 ABD ordinary shares, their combined holding represents 0.3351% of the Company's issued share capital.

Enquires:

 
 AB Dynamics plc                                    01225 860 200 
 Tony Best, Non-Executive Chairman 
 Dr James Routh, Chief Executive Officer 
  Sarah Matthews-DeMers, Chief Financial Officer 
  Mat Hubbard, Chief Technology 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                           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            ISIN: GB00B9GQVG73 
     -----------------------------  ------------------------------- 
 b)   Nature of the transaction      Disposal of Ordinary Shares 
     -----------------------------  ------------------------------- 
 c)   Price(s) and volume(s)           Price(s)      Volume(s) 
                                        GBP23.2151    40,000 
                                                     ---------- 
     -----------------------------  ------------------------------- 
 d)   Aggregated information 
      - Aggregated volume            N/A 
      - Price 
     -----------------------------  ------------------------------- 
 e)   Date of the transaction        16 December 2019 
     -----------------------------  ------------------------------- 
 f)   Place of the transaction       London Stock Exchange 
     -----------------------------  ------------------------------- 
 

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

DSHCKODNPBDDPBD

(END) Dow Jones Newswires

December 17, 2019 10:37 ET (15:37 GMT)

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