6 December 2021

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 3 December 2021, 2,468 ordinary shares of 1p 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 2021 ("Bonus Shares").

The Bonus Shares are being issued at a price of 1750p, being the closing share price on 2 December 2021. 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:

Application has been made to London Stock Exchange for 2,468 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 Ordinary Shares on or around 10 December 2021 ("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 22,624,812 Ordinary Shares. The Company does not hold any shares in treasury. Therefore the total number of voting rights in the Company will be 22,624,812. 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 an LTIP award

Within the Company's Annual Report 2021 (page 81) published on 3 December 2021, the Remuneration Committee stated its intention to consult with the Company's larger shareholders and investor bodies with a view to putting in place revised long-term incentive arrangements to better retain the Company's key Executives and to focus them on the execution of the Company's strategy and growth plans. In particular, given the Company's focus on developing and implementing a detailed ESG strategy, the Remuneration Committee will review performance metrics with a view to including ESG criteria. Other elements of the directors' remuneration will remain broadly the same. No LTIP awards will be made to Dr James Routh (CEO) and Sarah Matthews-DeMers (CFO) until the consultation period has concluded.

On 3 December 2021, the Company awarded options over a total of 4,286 ordinary shares of 1 pence each ("Ordinary Shares") to a PDMR in accordance with the rules of the AB Dynamics plc Long Term Incentive Plan ("LTIP").

The table below sets out the allocation of the LTIP award together with the previous awards made under the LTIP:

This award will vest on 2 December 2024, subject to satisfying the required Total Shareholder Return and EPS performance criteria.

Enquiries:

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:

The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail: