Grant of LTIP awards

RNS Number : 4747H

AB Dynamics PLC

03 December 2020

 

3 December 2020

AB Dynamics plc

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

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, announces that on 2 December 2020, it awarded options over a total of 39,451 ordinary shares of 1 pence each ("Ordinary Shares") to PDMRs in accordance with the rules of the AB Dynamics Long Term Incentive Plan ("LTIP").

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

Name	New LTIP award	Existing LTIP awards	Total number of LTIP awards
James Routh	2 1,917	18,278	4 0,195
Sarah Matthews-DeMers	1 3,292	11,085	24,377
Mark Allman	4 ,242	2,774	7,016

These awards will vest on 16 December 2023, subject to satisfying the required Total Shareholder Return and EPS performance criteria.

In addition James Routh has 66,667 share options and Sarah Matthews-DeMers has 60,000 share options pursuant to other Company share option plans.

Enquiries:

AB Dynamics plc	01225 860 200
Dr James Routh, Chief Executive Officer Sarah Matthews-DeMers, Chief Financial Officer
Peel Hunt LLP	0207 418 8900
Mike Bell Ed Allsopp
Tulchan Communications	0207 353 4200
James Macey White Matt Low Laura Marshall

The person responsible for arranging the release of this information is Felicity Jackson, Company Secretary.

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. Mark Allman
2	Reason for the notification
a)	Position/status	1. CEO 2. CFO 3. Managing Director, Anthony Best Dynamics Limited
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 options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 1. 21,917 2. 13,292 3. 4,242
d)	Aggregated information
	- Aggregated volume	n/a
	- Price
e)	Date of the transaction	2 December 2020
f)	Place of the transaction	Outside of a trading venue

 

END

 

 

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