REG - AB Dynamics PLC - Director/PDMR Shareholding

Ab DynamicsAnnouncement

07/12/2022 07:00

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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

 

 

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

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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