Business
Exercise of Options
Exercise of Options.
About this update from Ab Dynamics Plc
[{"type":"text","content":"\n \n \n RNS Number : 8677E\n AB Dynamics PLC\n 03 March 2020\n \n \n \n \n 03 March 2020\n \n \n AB Dynamics plc\n \n \n (\"AB Dynamics\", the \"Company\" or the \"Group\")\n \n \n Exercise of Options\n \n \n \n \n \n AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, announces the exercise of options held by a Director and employees of the Company (the \"Option Exercise\") in respect of a total of 64,259 new ordinary shares of 1 pence each in the Company (the \"New Ordinary Shares\"). \n \n \n \n \n \n The exercise price of 58,086 of the options is 395 pence each, the remaining 6,173 options were exercised at 445 pence. \n \n \n \n \n \n Out of the above, Matthew Hubbard, Director of the Company is exercising 41,363 options at a price of 395 pence each. Following the exercise, his resulting shareholding in the Company (including the shareholding of persons closely associated with him) is 116,606 shares, which is 0.52% of issued share capital. All of the other options are being exercised by employees of the Company.\n \n \n \n \n \n The Company has previously applied to list these shares as part of the block listing of 376,746 ordinary shares of £0.01 each in the Company (\"Ordinary Shares\"), which were admitted to trading on AIM (\"Admission\") on 13 September 2019. \n \n \n \n \n \n The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company. Following Admission, the Company's enlarged issued share capital will comprise 22,515,737 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. \n \n \n \n \n \n This announcement \n contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and has been arranged for release by \n Felicity Jackson, Company Secretary.\n \n \n \n \n \n Enquiries:\n \n \n \n \n \n AB Dynamics plc\n \n \n \n \n 01225 860 200\n \n \n \n \n \n \n Tony Best, Chairman\n \n \n \n \n \n \n Dr James Routh, Chief E...