REG - AB Dynamics PLC - Result of AGM

Ab DynamicsAnnouncement

16/01/2025 16:00

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RNS Number : 6577T  AB Dynamics PLC  16 January 2025

16 January 2025

AB Dynamics plc

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

Result of Annual General Meeting

 

AB Dynamics plc, the designer, manufacturer and supplier of advanced testing,
simulation and measurement products to the global transport market, is pleased
to announce that 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    16,955,615                            100.00%  68       0.00%  10,285
     the year ended 31 August 2024

 2   To approve the Directors' remuneration report                                  16,577,524                            98.13%   315,183  1.87%  73,261

 3   To declare a final dividend of 5.30p per share                                 16,965,886                            100.00%  32       0.00%  50

 4   To re-appoint Richard Elsy as a Director of the Company                        16,816,070                            99.12%   148,889  0.88%  1,009

 5   To re-appoint Louise Evans as a Director of the Company                        16,816,535                            99.13%   148,429  0.87%  1,004

 6   To re-appoint Richard Hickinbotham as a Director of the Company                16,686,529                            98.36%   278,386  1.64%  1,053

 7   To re-appoint Sarah Matthews-DeMers as a Director of the Company               16,953,962                            99.94%   11,002   0.06%  1,004

 8   To re-appoint Dr James Routh as a Director of the Company                      16,955,044                            99.94%   9,871    0.06%  1,053

 9   To appoint Crowe UK LLP as auditor of the Company and authorise the Directors  16,958,971                            100.00%  245      0.00%  6,752
     to determine the auditor's remuneration

 10  To authorise the Directors of the Company to allot securities up to an         16,912,653                            99.71%   49,070   0.29%  4,245
     aggregate nominal amount of £76,514

 11  To give the Directors of the Company limited power to allot securities for     16,955,883                            99.97%   5,550    0.03%    2,805
     cash up to an aggregate nominal amount of £11,477 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
22,954,463 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)       0207 710 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 David
Forbes, Company Secretary.

 

About AB Dynamics plc

AB Dynamics is a leading designer, manufacturer and supplier of advanced
testing, simulation and measurement products to the global transport market.

AB Dynamics is an international group of companies headquartered in Bradford
on Avon. AB Dynamics currently supplies all the major 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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