Business
Exercise of Options and Dealing by a Director
Exercise of Options and Dealing by a Director.
About this update from Ab Dynamics Plc
[{"type":"text","content":"\n \n \n RNS Number : 7039O\n AB Dynamics PLC\n 02 June 2020\n \n \n \n \n 2 June 2020\n \n \n AB Dynamics plc\n \n \n (\"AB Dynamics\", the \"Company\" or the \"Group\")\n \n \n Exercise of Options and Dealing by a Director\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 Matthew Hubbard, Chief Technology Officer of the Company (the \"Option Exercise\") in respect of a total of 16,162 new ordinary shares of 1 pence each in the Company (the \"New Ordinary Shares\"). \n \n \n \n \n \n The options were exercised on 1 June 2020 and the exercise price of the options is 395 pence each.\n \n \n \n \n \n Disposal of Ordinary Shares\n \n \n \n \n \n On 1 June 2020, Mr Hubbard sold 10,600 ordinary shares at a price of 1,690 pence per ordinary share to facilitate the exercise cost and associated tax liability of the exercise. Following this, Mr Hubbard's shareholding in the Company has increased by 5,562 shares, his total shareholding (including the shareholding of persons closely associated with him) is 122,168 ordinary shares, representing 0.54 per cent. of the Company's issued share capital. \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 was announced on 10 September 2019. They 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 22,565,232 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.\...