Shares Awards and Director/PDMR Dealings
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Grant of LTIP awards
AB Dynamics plc, the designer, manufacturer and supplier of advanced testing, simulation and measurement products to the global transport market, today announces the award of bonus shares, exercise of LTIP awards, related sales and the grant of LTIP awards.
Award of Bonus Shares
On 12 December 2024, ordinary shares of one penny each ("Ordinary Shares") were awarded to directors of the Company in satisfaction of 20% of their respective annual bonus for the year ended 31 August 2024 ("Bonus Shares").
The Bonus Shares were awarded by reference to a price of 1960p, being the closing share price on 11 December 2024. The Bonus Shares have a required holding period of three years.
The table below sets out details of the Bonus Shares awarded together with the resulting holdings of the directors:
| Name and role | Number of Bonus Shares awarded | Resulting interest in Ordinary Shares | Resulting percentage of Ordinary Shares |
|---|---|---|---|
| Dr James Routh (CEO) | 2,341 | 35,966 | 0.16% |
| Sarah Matthews-DeMers (CFO) | 1,756 | 9,804 | 0.04% |
The Bonus Shares were awarded for nil consideration by transfer from the employee benefit trust.
Exercise of LTIP awards and related disposals
On 11 December 2024, certain PDMRs exercised nil cost option awards ("Option Shares") over Ordinary Shares held under the AB Dynamics plc Long Term Incentive Plan ("LTIP").
The Company was notified of subsequent sales of Ordinary Shares to meet the cost of exercise, personal taxation liabilities on the options and other tax related liabilities.
The table below sets out details of the transactions undertaken:
| Name and role | Number of Option Shares exercised | Number of Option Shares sold | Resulting interest in Ordinary Shares | Resulting percentage of Ordinary Shares |
|---|---|---|---|---|
| Dr James Routh (CEO) | 51,220 | 24,170 | 63,016 | 0.27% |
| Sarah Matthews-DeMers (CFO) | 38,415 | 18,128 | 30,091 | 0.13% |
| Andrew Ng (Group President - Testing Products) | 5,770 | 5,770 | - | - |
| Matthew Price (Group Corporate Development Director) | 4,114 | 1,941 | 2,173 | 0.01% |
The Option Shares were acquired for nil consideration by transfer from the employee benefit trust and all the sales of Ordinary Shares were undertaken on the same day to the benefit of the respective PDMR at a price of 1900p per share.
Grant of LTIP awards
On 12 December 2024, the Company awarded nil cost option awards over a total of 95,949 Ordinary Shares to eight of its PDMRs in accordance with the rules of the LTIP, with a grant date of 12 December 2024.
The table below sets out the allocation of 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) | 33,705 | 56,149 | 89,854 |
| Sarah Matthews-DeMers (CFO) | 25,278 | 42,112 | 67,390 |
| Andrew Ng (Group President - Testing Products) | 9,292 | 17,335 | 26,627 |
| Matthew Price (Group Corporate Development Director) | 4,101 | 10,357 | 14,458 |
| Dan Clark (Managing Director - Simulation) | 7,142 | 10,031 | 17,173 |
| Neil Carpenter (Managing Director - Testing Services) | 5,564 | Nil | 5,564 |
| Rory Grunerud (Managing Director - ABD Solutions) | 5,357 | Nil | 5,357 |
| Ben Russell (Group Business Development Director) | 5,510 | Nil | 5,510 |
Subject to the rules of the LTIP these awards will vest on 29 November 2027, ordinarily subject to continued service and subject to satisfying the required total shareholder return, EPS and cash conversion performance criteria. 40% of the awards vest based on EPS growth, 40% vest based on cash conversion and 20% vest based on relative TSR versus the constituents of the AIM 100.
| 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 | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary Shares | ||||
| Identification code | GB00B9GQVG73 | |||||
| b) | Nature of the transaction | Award of Ordinary Shares in partial satisfaction of an annual bonus payment. | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 1. 2,341 2. 1,756 | ||||
| d) | Aggregated information | |||||
| - Aggregated volume | n/a | |||||
| - Price | ||||||
| e) | Date of the transaction | 12 December 2024 | ||||
| f) | Place of the transaction | Outside of a trading platform | ||||
| 1 | Details of the relevant person / person closely associated | |||||
| a) | Name | 1. James Routh 2. Sarah Matthews-DeMers 3. Andrew Ng 4. Matthew Price | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer 3. Group President - Testing Products 4. Group Corporate Development Director | ||||
| b) | Initial notification/ Amendment | Initial notification | ||||
| 3 | Details of the issuer | |||||
| a) | Name | AB Dynamics plc | ||||
| b) | LEI | 213800OFXZP4A7I47K43 | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary Shares | ||||
| Identification code | GB00B9GQVG73 | |||||
| b) | Nature of the transaction | Exercise of nil cost option awards over Ordinary Shares. | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 1. 51,220 2. 38,415 3. 5,770 4. 4,114 | ||||
| d) | Aggregated information | |||||
| - Aggregated volume | n/a | |||||
| - Price | ||||||
| e) | Date of the transaction | 11 December 2024 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
| 1 | Details of the relevant person / person closely associated | |||||
| a) | Name | 1. James Routh 2. Sarah Matthews-DeMers 3. Andrew Ng 4. Matthew Price | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer 3. Group President - Testing Products 4. Group Corporate Development Director | ||||
| b) | Initial notification/ Amendment | Initial notification | ||||
| 3 | Details of the issuer | |||||
| a) | Name | AB Dynamics plc | ||||
| b) | LEI | 213800OFXZP4A7I47K43 | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary Shares | ||||
| Identification code | GB00B9GQVG73 | |||||
| b) | Nature of the transaction | Sale of Ordinary Shares. | ||||
| c) | Price(s) and volume(s) |
. 24,170 2. 18,128 3. 5,770 4. 1,941 | ||||
| d) | Aggregated information | |||||
| - Aggregated volume | n/a | |||||
| - Price | ||||||
| e) | Date of the transaction | 11 December 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the relevant person / person closely associated | |||||
| a) | Name | 1. James Routh 2. Sarah Matthews-DeMers 3. Andrew Ng 4. Matthew Price 5. Dan Clark 6. Neil Carpenter 7. Rory Grunerud 8. Ben Russell | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer 3. Group President - Testing Products 4. Group Corporate Development Director 5. Managing Director - Simulation 6. Managing Director - Testing Services 7. Managing Director - ABD Solutions 8. Group Business Development Director | ||||
| b) | Initial notification/ Amendment | Initial notification | ||||
| 3 | Details of the issuer | |||||
| a) | Name | AB Dynamics plc | ||||
| b) | LEI | 213800OFXZP4A7I47K43 | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary Shares | ||||
| Identification code | GB00B9GQVG73 | |||||
| b) | Nature of the transaction | Grant of nil cost option LTIP awards over Ordinary Shares. | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 1. 33,705 2. 25,278 3. 9,292 4. 4,101 5. 7,142 6. 5,564 7. 5,357 8. 5,510 | ||||
| d) | Aggregated information | |||||
| - Aggregated volume | n/a | |||||
| - Price | ||||||
| e) | Date of the transaction | 12 December 2024 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
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