TIDMABDP
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 Resulting interest in Resulting percentage of
issued Ordinary Shares 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/ Initial notification
Amendment
-------------------------- ----------------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
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/ Initial notification
Amendment
-------------------------- -----------------------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
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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END
DSHUNVVRUVUURAA
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December 07, 2022 02:00 ET (07:00 GMT)
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