REG - AB Dynamics PLC - Result of AGM

Ab DynamicsAnnouncement

28/02/2024 12:00

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RNS Number : 8091E  AB Dynamics PLC  28 February 2024

 

28 February 2024

AB Dynamics plc

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

Result of Annual General Meeting

AB Dynamics plc ("AB Dynamics", the "Company" or the "Group"), the designer,
manufacturer and supplier of advanced testing, simulation and measurement
products to the global transport market, is pleased to announce that at the
Annual General Meeting, held earlier today, all resolutions were duly
passed.

A breakdown of the proxy votes lodged prior to, and votes received at the
meeting for each resolution is set out below.

 

     FOR                                                                          No. of votes 'For' and discretionary  %        Against  %      Withheld
 1   To receive the Directors' report, the Auditor's report and the accounts for  16,143,622                            100.00%  202      0.00%  12,584
     the year ended 31 August 2023
 2   To approve the Directors' remuneration report                                15,723,858                            97.35%   427,886  2.65%  4,664
 3   To declare a final dividend of 4.42p per share                               16,120,094                            100.00%  202      0.00%  36,112
 4   To re-appoint Richard Elsy as a Director of the Company                      15,876,918                            98.29%   275,599  1.71%  3,891
 5   To re-appoint Louise Evans as a Director of the Company                      16,013,562                            99.14%   139,004  0.86%  3,842
 6   To re-appoint Richard Hickinbotham as a Director of the Company              15,877,290                            98.30%   275,276  1.70%  3,842
 7   To re-appoint Sarah Matthews-DeMers as a Director of the Company             16,145,876                            99.96%   6,655    0.04%  3,877
 8   To re-appoint Dr James Routh as a Director of the Company                    16,147,046                            99.97%   5,520    0.03%  3,842
 9   To re-appoint Grant Thornton UK LLP as auditor of the Company and authorise  16,132,079                            99.89%   17,758   0.11%  6,571
     the Directors to

     determine the auditor's remuneration
 10  To authorise the Directors of the Company to allot securities up to an       16,124,732                            99.83%   28,264   0.17%  3,412
     aggregate nominal amount of £76,447
 11  To give the Directors of the Company limited power to allot securities for   16,136,918                            99.90%   16,270   0.10%  3,220
     cash up to an aggregate nominal amount of £11,467 without making a
     pre-emptive offer to shareholders

 

 

 

Notes

1. The percentages voted 'For' and 'Against' are expressed as a proportion of
the total votes cast.  Votes withheld have not been included in the
calculation of whether a resolution is carried since for legal purposes a vote
withheld is not a vote cast.

2.         At the date of the AGM the issued share capital of the
Company was 22,934,365 ordinary shares.

 

 

Enquiries:

 AB Dynamics plc                                                                                                  01225 860 200
 Dr James Routh, Chief Executive Officer
 Sarah Matthews-DeMers, Chief Financial Officer

 Peel Hunt LLP (Nominated Adviser and Joint Broker)                                                               0207 418 8900
 Mike Bell
 Ed Allsopp

 Stifel Nicolaus Europe Limited (Joint Broker)                                                                    020 7710 7600
 Matthew Blawat

 Harry Billen

 Teneo                                                                                                            0207 353 4200
 James Macey White

 Matt Low

 

The person responsible for arranging the release of this information is
Felicity Jackson, Group Legal Counsel.

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