REG - AB Dynamics PLC - 2022 Annual General Meeting: COVID-19 update

Ab DynamicsAnnouncement

17/12/2021 07:00

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RNS Number : 9552V  AB Dynamics PLC  17 December 2021

17 December 2021

AB Dynamics plc

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

2022 Annual General Meeting: COVID-19 update

 

On 3 December 2021, AB Dynamics plc (AIM: ABDP), issued a notice convening an
Annual General Meeting of the Company ("AGM") to be held at 11:00am on 12
January 2022 (the "Notice of AGM").

Since the Company issued the Notice of AGM, the UK Government has announced
(on 8 December 2021) additional measures in response to the risks of the
Omicron variant of COVID-19 (the "Plan B Announcement"). Following the Plan B
Announcement, the Company has reviewed the arrangements for the AGM with a
view to protecting the health and safety of our shareholders, employees and
other potential attendees.

The AGM will still be held as advertised in the Notice of AGM and shareholders
have the right to attend, speak and vote at the meeting if they so wish.
However, in view of the Plan B Announcement, in the interests of shareholders'
own safety and the safety of others, the Company strongly encourages
shareholders to consider appointing the Chair as their proxy rather than
attending the AGM in person. Instructions for submitting proxy votes are
contained in the Notice of AGM.

Shareholders who wish to ask questions at the AGM will be able to raise their
questions by email to investors@abdplc.com. As explained in the Notice of AGM,
the Company welcomes questions from shareholders on the business of the AGM,
or any other matters relating to the Company and questions should be submitted
by 11:00am on 7 January 2022.

As a consequence of the Plan B Announcement, the AGM will focus solely on the
formal business set out in the Notice of AGM and only the minimum number of
Directors necessary to constitute a quorum will attend.

Regrettably, we will not make any presentations at the meeting, nor will we
provide refreshments either before or after the AGM. If circumstances change,
including if regulations are introduced to prohibit or further restrict public
gatherings or Government guidance changes, the Company reserves the right to
take further steps in respect of attendance at the AGM. To the extent the
Company does make further changes to the arrangements for the AGM, we will
provide an update via a Regulatory Information Service announcement and our
website as soon as practicable.

If shareholders nonetheless wish to attend the AGM in person, they are
strongly advised to wear a face covering at the meeting (unless they are
exempt) and to take other appropriate precautions to protect themselves and
other attendees, including taking full account of the new rules outlined in
the Plan B Announcement.

 

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

 Laura Marshall

 

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.

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