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 | |
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| Peel Hunt LLP | 0207 418 8900 |
| Mike Bell Ed Allsopp | |
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| Tulchan Communications | 0207 353 4200 |
| James Macey White Matt Low
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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) |
| ||||
| 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) |
| ||||
| 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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