28 June 2022
AB Dynamics plc
("AB Dynamics" the "Group" or the "Company")
PDMR/PCA Shareholding
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing, simulation and measurement products to the global transport market, announces that it was notified that on 23 June 2022 Mr Tony Best, a person discharging managerial responsibilities by virtue of his role as a Special Advisor to the Board, sold 45,700 ordinary shares of 1 penny each in the Company ("Ordinary Shares") at a weighted average price of 1094.5 pence per share. In addition, the Company was notified that on 23 June 2022 Mrs Naemi Best, a person closely associated with Mr Tony Best, sold 45,700 Ordinary Shares at a weighted average price of 1094.5 pence per share.
Following these transactions, Mr Best and persons closely associated with Mr Best, retain an interest in 5,834,707 Ordinary Shares, representing approximately 25.79% of the current issued share capital.
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| AB Dynamics plc | 01225 860 200 |
| Dr James Routh, Chief Executive Officer | |
| Sarah Matthews-DeMers, Chief Financial Officer | |
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| Peel Hunt LLP | 0207 894 7000 |
| Mike Bell |
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| Ed Allsopp |
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| Tulchan Communications | 0207 353 4200 |
| James Macey White |
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| Matt Low Laura Marshall |
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The person responsible for arranging the release of this information is David Forbes, Company Secretary.
The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
| 1 | Details of the relevant person / person closely associated | |||||
| a) | Name | Mr Tony Best | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Special Advisor to the Board (PDMR) | ||||
| 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 | ISIN: GB00B9GQVG73
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| b) | Nature of the transaction | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information | | ||||
| | - Aggregated volume | N/A | ||||
| | - Price | | ||||
| e) | Date of the transaction | 23 June 2022 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
| | Details of the relevant person / person closely associated | |||||
| a) | Name | Mrs Naemi Best | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Person closely associated (PCA) with Mr Tony Best | ||||
| 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 | ISIN: GB00B9GQVG73
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| b) | Nature of the transaction | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information | | ||||
| | - Aggregated volume | N/A | ||||
| | - Price | | ||||
| e) | Date of the transaction | 23 June 2022 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
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