Director dealings: AB Dynamics founder lowers stake at record highs
AB Dynamics revealed on Thursday that founder and chairman Tony Best and his wife Naemi had disposed of a total of 130,000 ordinary shares in the AIM-listed industrial engineering outfit.
AB Dynamics
1,825.00p
16:55 03/05/24
FTSE AIM 100
3,724.78
17:14 03/05/24
FTSE AIM All-Share
771.53
17:14 03/05/24
Industrial Engineering
13,534.47
16:54 03/05/24
Best, who founded AB Dynamics back in 1982, sold 100,000 ordinary shares on Wednesday at an average price of 2,750p each, for a total value of £2.75m.
Following the chairman's sale, his wife offloaded 30,000 ordinary shares at an average price of 2,750p each, for a total value of value £825,000.
As a result of the sale, Best and his partner lowered their combined stake to 5.91m shares, representing 26.63% of the company's issued share capital.
The company's shares were trading just off their record highs following a torrid run higher over the preceding four years that had pushed their price-to-earnings and price to sales multiples to a lofty 77.27 and 14.3, respectively, according to Bloomberg data.
As of 1620 BST, AB Dynamics shares had dipped 1.82% to 2,749p.
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Anglo Pacific Group (APF)
Director name: Treger,Julian
Amount purchased: 40,000 @ 191.50p
Value: £76,600.00
Anglo Pacific Group (APF)
Director name: Stan,Robert
Amount purchased: 15,250 @ 192.00p
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Anglo Pacific Group (APF)
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Touchstone Exploration Inc Npv (di) (TXP)
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Anglo Pacific Group (APF)
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Rathbone Brothers (RAT)
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Director name: Stockton,Paul
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Top Director Sells
Ab Dynamics (ABDP)
Director name: Best,Anthony (Tony)
Amount sold: 100,000 @ 2,750.00p
Value: £2,750,000.00
Ab Dynamics (ABDP)
Director name: Best,Anthony (Tony)
Amount sold: 30,000 @ 2,750.00p
Value: £825,000.00
Anglo Pacific Group (APF)
Director name: Blyth,Michael
Amount sold: 7,500 @ 191.00p
Value: £14,325.00