Remuneration Information • Jan 21, 2020
Remuneration Information
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RNS Number : 4615A
AB Dynamics PLC
21 January 2020
21 January 2020
AB Dynamics plc
("AB Dynamics", the "Company" or the "Group")
Grant of LTIP Awards
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, confirms that the terms of a new Long Term Incentive Plan (LTIP) as described in the Company's 2019 Annual Report and Accounts, were approved on 15 January 2020 by the Remuneration Committee.
Subsequently the Board of the Company authorised the award of options, on 17 January 2020, over an aggregate of 63,078 new ordinary shares in the Company at nil cost and representing approximately 0.28% of the Company's issued ordinary share capital (the "Awards"). Of these 37,854 were awarded to executive directors of the Company and 25,224 to employees.
Under the LTIP the shares will vest on 30 November 2022, subject to the participants remaining employed by the Company or a Company subsidiary on the vesting date and performance targets of EPS growth and Total Shareholder Return versus the FTSE AIM 100 Index.
The awards to executive directors of the Company are as follows:
| Director | Basis of Award (% of base salary) | Number of Awards granted in January 2020 | Total Awards held following grant | Existing ordinary shares held | % of existing issued share capital as represented by the Awards |
| James Routh | 125% | 18,278 | 18,278 | 0 | 0.08% |
| Sarah Matthews-DeMers | 100% | 11,085 | 11,085 | 0 | 0.05% |
| Matthew Hubbard | 100% | 8,491 | 8,491 | 67,649 | 0.04% |
In addition, James Routh has 100,000 share options, Matthew Hubbard has 125,119 share options, and Sarah Matthews-DeMers has 60,000 share options.
The number of ordinary shares currently in issue is 22,451,475.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person responsible for arranging the release of this information is Felicity Jackson, Company Secretary.
Enquiries:
| AB Dynamics plc | 01225 860 200 | |
| Tony Best, Chairman | ||
| Dr James Routh, Chief Executive Officer | ||
| Sarah Matthews-DeMers, Chief Financial Officer | ||
| Mat Hubbard, Chief Technology Officer | ||
| Cairn Financial Advisers (Nomad) | 0207 213 0880 | |
| Tony Rawlinson Liam Murray Ludovico Lazzaretti |
||
| Cantor Fitzgerald Europe (Broker) | 0207 894 7000 | |
| Phil Davies, David Foreman (Corporate Finance) Caspar Shand Kydd, Keith Dowsing, Arthur Gordon (Equity Sales) |
||
| Tulchan Communications | 0207 353 4200 | |
| James Macey White | ||
| Matt Low | ||
| Deborah Roney |
Overview of AB Dynamics plc
AB Dynamics is a leading designer, manufacturer and provider of advanced products for testing and verification of Advanced Driver Assistance Systems ("ADAS") technology, autonomous vehicle development and vehicle dynamics to the global automotive research and development sector.
AB Dynamics is an international group of companies headquartered in Bradford-on-Avon, UK (the Group). The Group currently supplies all the top automotive manufacturers, Tier 1 suppliers and service providers, who routinely use the Group's products to test and verify vehicle safety systems and dynamics.
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
1
Details of the relevant person / person closely associated
a)
Name
James Mathew Routh
2
Reason for the notification
a)
Position/status
Director of AB Dynamics plc
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
GB00B9GQVG73
b)
Nature of the transaction
Grant of options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 18,278 |
d)
Aggregated information
- Aggregated volume
As above
- Price
As above
e)
Date of the transaction
17 January 2020
f)
Place of the transaction
AIM
1
Details of the relevant person / person closely associated
a)
Name
Sarah Matthews-DeMers
2
Reason for the notification
a)
Position/status
Director of AB Dynamics plc
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
GB00B9GQVG73
b)
Nature of the transaction
Grant of options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 11,085 |
d)
Aggregated information
- Aggregated volume
As above
- Price
As above
e)
Date of the transaction
17 January 2020
f)
Place of the transaction
AIM
1
Details of the relevant person / person closely associated
a)
Name
Matthew Hubbard
2
Reason for the notification
a)
Position/status
Director of AB Dynamics plc
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
GB00B9GQVG73
b)
Nature of the transaction
Grant of options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 8,491 |
d)
Aggregated information
- Aggregated volume
As above
- Price
As above
e)
Date of the transaction
17 January 2020
f)
Place of the transaction
AIM
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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