AB DYNAMICS PLC

Remuneration Information • Dec 7, 2022

National Storage Mechanism | Additional information

RNS Number : 8045I

AB Dynamics PLC

07 December 2022

7 December 2022

AB Dynamics plc

("AB Dynamics", the "Company" or the "Group")

Director/PDMR Shareholding

Issue of Bonus Shares and 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, today announces an issue of equity pursuant to bonus awards, and the grant of LTIP awards.

Issue of Bonus Shares

On 6 December 2022, 3,878 ordinary shares of one penny each ("Ordinary Shares") were issued to directors of the Company in satisfaction of 20% of their respective annual bonus payments for the year ended 31 August 2022 ("Bonus Shares").

The Bonus Shares are being issued at a price of 1645p, being the closing share price on 5 December 2022. The Bonus Shares have a required holding period of three years.

The table below sets out the allocation of the Bonus Shares together with the resulting holdings of the directors following Admission:

Name and role	Number of Bonus Shares issued	Resulting interest in Ordinary Shares	Resulting percentage of Ordinary Shares
Dr James Routh (CEO)	2,424	19,200	0.08%
Sarah Matthews-DeMers (CFO)	1,454	2,735	0.01%

Application has been made to London Stock Exchange for 3,878 new Ordinary Shares to be admitted to trading on AIM. It is expected that admission will become effective and that dealings will commence in the new Ordinary Shares on or around 12 December 2022 ("Admission"). The new Ordinary Shares will rank, pari passu, with the Company's existing Ordinary Shares.

Total Voting Rights

Following Admission, the Company's total issued share capital will comprise 22,889,139 Ordinary Shares. The Company does not hold any shares in treasury. Therefore the total number of voting rights in the Company will be 22,889,139. 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 Guidance and Transparency Rules.

Grant of LTIP awards

On 6 December 2022, the Company awarded options over a total of 69,165 Ordinary Shares to five of its PDMRs in accordance with the rules of the AB Dynamics plc Long Term Incentive Plan ("LTIP"), with a grant date of 4 January 2023.

The table below sets out the allocation of the LTIP awards together with the previous awards made under the LTIP:

Name and role	New LTIP award	Existing LTIP awards	Total number of LTIP awards
Dr James Routh (CEO)	28,457	73,137	101,594
Sarah Matthews-DeMers (CFO)	21,343	51,707	73,050
Stephen Brown (Group Chief Operating Officer)	9,119	5,486	14,605
Andrew Ng (President APAC and North America)	6,740	5,770	12,510
Thomas Willis (Group Operational Excellence Director)	3,506	Nil	3,506

These awards will vest on 4 January 2026, subject to satisfying the required Total Shareholder Return, EPS and cash conversion performance criteria.

Enquiries:

AB Dynamics plc	01225 860 200
Dr James Routh, Chief Executive Officer Sarah Matthews-DeMers, Chief Financial Officer
Peel Hunt LLP	0207 418 8900
Mike Bell Ed Allsopp
Tulchan Communications	0207 353 4200
James Macey White Matt Low

About 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.  AB Dynamics 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 below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

1

Details of the relevant person / person closely associated

a)

Name

1. James Routh

2. Sarah Matthews-DeMers

2

Reason for the notification

a)

Position/status

1. Chief Executive Officer

2. Chief Financial Officer

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

Award of shares in partial satisfaction of an annual bonus payment

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	1. 2424 2. 1454

d)

Aggregated information

- Aggregated volume

n/a

- Price

e)

Date of the transaction

6 December 2022

f)

Place of the transaction

London Stock Exchange, AIM

The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

1

Details of the relevant person / person closely associated

a)

Name

1.   James Routh

2.   Sarah Matthews-DeMers

3.   Stephen Brown

4.   Andrew Ng

5.   Thomas Willis

2

Reason for the notification

a)

Position/status

1.   Chief Executive Officer

2.   Chief Financial Officer

3.   Group Chief Operating Officer

4.   President APAC and North America

5.   Group Operational Excellence Director

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 LTIPs

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	1.   28,457 2.   21,343 3.   9,119 4.   6,740 5.   3,506

d)

Aggregated information

- Aggregated volume

n/a

- Price

e)

Date of the transaction

6 December 2022

f)

Place of the transaction

Outside of a trading venue

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