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 the year ended 31 August 2024
| 16,955,615 | 100.00% | 68 | 0.00% | 10,285 |
| 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 to determine the auditor's remuneration
| 16,958,971 | 100.00% | 245 | 0.00% | 6,752 |
| 10 | To authorise the Directors of the Company to allot securities up to an aggregate nominal amount of £76,514
| 16,912,653 | 99.71% | 49,070 | 0.29% | 4,245 |
| 11 | To give the Directors of the Company limited power to allot securities for cash up to an aggregate nominal amount of £11,477 without making a pre-emptive offer to shareholders
| 16,955,883 | 99.97% | 5,550 | 0.03% | 2,805 |
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 | |
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| Peel Hunt LLP (Nominated Adviser and Joint Broker) | 0207 418 8900 |
| Mike Bell Ed Allsopp
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| Stifel Nicolaus Europe Limited (Joint Broker) | 0207 710 7600 |
| Matthew Blawat Harry Billen
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| 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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