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AB Dynamics founder sells down

The motor industry testing systems provider recently completed an acquisition
September 12, 2019

AB Dynamics (ABDP) founder and non-executive chairman Tony Best and his wife Naemi Best have collectively sold 130,000 shares at a price of 2,750p a share, raising £3,575,000.

IC TIP: Hold at 2,540p

Shares in the provider of testing systems to the motor industry have risen by 83 per cent since the beginning of 2019. Recent highlights include the July announcement of its acquisition of simulation software designer Kangaloosh Limited (trading as rFpro) for £18.1m in cash. 

Together, Anthony and Naemi Best have sold down 0.59 per cent of the company’s issued share capital and retain a 26.63 per cent stake in the business. In both cases, the disposals were made “to satisfy institutional demand”, according to the company. An AB Dynamics spokesperson declined to comment on the timing of the deals.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Amigo Holdings Hamish Paton (ceo)30 Aug 196,282794,9636,2820.001
Amigo Holdings Hamish Paton (ceo)30 Aug 1943,71879.7234,85250,0000.011
Amryt Pharma*Raymond Stafford30 Aug 19918,27390826,4461,301,0012.582
Amur Minerals Thomas Bowens 02 Sep 197,527,6042.165162,9737,527,6041.022
Anglo Pacific  Robert Stan04 Sep 19250190.5476235,7650.130
Anglo Pacific  Patrick Meier (ch)02 Sep 1910,200190.9919,481242,1270.133
Anglo Pacific  Julian Treger (ceo)02 Sep 1940,000191.576,6005,691,4543.136
Anglo Pacific  Robert Stan04 Sep 1915,25019229,280251,0150.138
Anglo Pacific  William Blyth02 Sep 1912,10019223,232151,3500.083
Anglo Pacific  Robert Stan03 Sep 199,50019318,335235,5150.130
Asiamet Resources*Bruce Sheng 30 Aug 193,371,6863.5118,00973,904,7207.969
Audioboom  Michael Tobin (ch)29 Aug 197,14320914,929168,3361.202
Bermele Anthony Reeves 02 Sep 191,750,0001.2521,8751,800,0000.900
Bermele Anthony Reeves 02 Sep 1950,0001.575050,0000.025
Brickability  David Simpson 29 Aug 19151,5006699,990151,5000.066
Chesnara Mark Hesketh29 Aug 195,000302.215,1105,0000.003
Feedback* Lindsay Melvin (cfo)30 Aug 19416,6671.25,0001,016,6670.188
Feedback* Rory Shaw30 Aug 194,166,6671.250,0004,166,6670.772
Inchcape Gijsbert de Zoeten03 Sep 1917,500578.8476101,29817,5000.004
International Personal Finance Gerard Ryan (ceo)04 Sep 19150,00098.1147,1501,176,5760.526
International Personal Finance Gerard Ryan (ceo)04 Sep 19100,00099.899,8001,276,5760.571
Legal & General  George Lewis02 Sep 19471221.51,04324,4090.000
Legal & General  Henrietta Baldock 02 Sep 19836221.51,8527,5610.000
Legal & General  John Kingman (ch)02 Sep 191,934221.54,284321,5570.005
Legal & General  Toby Strauss02 Sep 191,242221.52,75132,3970.001
Lookers Tony Bramall29 Aug 19550,00050.1348275,74173,533,05118.892
Macau Property Opportunities Fund Thomas Ashworth02 Sep 19121,352123.5149,87011,463,31218.538
Marlowe Alexander Dacre (ceo)03 Sep 195,10038719,7373,521,3348.633
Oxford BioDynamics Christian Millar (ceo)30 Aug 194,000853,40012,348,30313.341
Oxford BioDynamics Christian Millar (ceo)30 Aug 194,00085.1353,40512,344,30313.337
Oxford BioDynamics Christian Millar (ceo)30 Aug 192,00085.1351,70312,350,30313.343
Oxford BioDynamics Christian Millar (ceo)30 Aug 194,00086.583,46312,354,30313.347
Oxford BioDynamics Stephen Diggle 02 Sep 1910,000909,00011,751,45512.696
Oxford BioDynamics Paul Stockdale (cfo)30 Aug 192,18691.251,99510,0000.011
Oxford BioDynamics Stephen Diggle 30 Aug 196,730926,19211,741,45512.685
Photo-Me International John Lewis (ch)30 Aug 1925,00010125,25025,0000.007
RM2 International SACharles Duro04 Sep 192,500,0000.0250,0002,660,2421.898
Rolls-Royce Holdings Lewis Booth 29 Aug 195,00075737,85065,0000.003
Rolls-Royce Holdings Lewis Booth 29 Aug 191,93075814,62970,0000.004
Rolls-Royce Holdings Lewis Booth 29 Aug 193,07076023,33268,0700.004
Rolls-Royce Holdings Irene Dorner03 Sep 192,000769.815,39612,3700.001
Scotgold Resources*Peter Hetherington03 Sep 19857,14335300,0004,088,9618.354
Scotgold Resources*Ian Proctor 03 Sep 19428,57135150,0001,155,8442.361
Scotgold Resources*William Styslinger03 Sep 19928,57135325,0005,646,40011.535
Titon Holdings Bernd Ratzke30 Aug 1914,92413419,99814,9240.135
Tlou Energy Colm Cloonan (fd)29 Aug 19100,0004.544,5401,181,1120.262
Tlou Energy Anthony Gilby (ceo)02 Sep 19287,7910.08825,32621,989,5804.885
Total Produce Seamus Taaffe30 Aug 1950,0001.2864,000100,0000.026
Total Produce Michael Meghen29 Aug 1915,1901.30819,86915,1900.004
Ultra Electronics William Rice (ch)29 Aug 192,6872151.6557,8155,0000.007
Vela Technologies* Antony Laiker (ceo)02 Sep 1925,000,0000.12,500,00060,190,0004.070
VPC Specialty Lending Richard Levy04 Sep 1965,4337750,3833,993,0091.237
Wood Group (John) Jeremy Wilson29 Aug 1910,00035935,90020,0000.003
Wood Group (John) Robin Watson (ceo)29 Aug 1910,00036236,200318,4820.047
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AB Dynamics Anthony Best (ch)04 Sep 19100,00027502,750,0005,947,10726.765
AB Dynamics♥ Anthony Best (ch)04 Sep 1930,0002750825,0005,917,10726.630
Anglo Pacific  William Blyth02 Sep 197,50019114,325143,8500.079
Frontier Smart Technologies  Anthony Sethill (ceo)30 Aug 19150,0002537,50000.000
IQGeo  Oliver Scott30 Aug 197,323,246463,368,69311,671,61715.969
IQGeo  Robert Sansom30 Aug 192,404,185461,105,9253,831,7145.243
        

*Placing/tender/open offer

♥Spouse/connected party