28 February 2024
AB Dynamics plc
("AB Dynamics", the "Company" or the "Group")
Result of Annual General Meeting
AB Dynamics plc ("AB Dynamics", the "Company" or the "Group"), the designer, manufacturer and supplier of advanced testing, simulation and measurement products to the global transport market, is pleased to announce that at 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 2023 |
16,143,622 |
100.00% |
202 |
0.00% |
12,584 |
2 |
To approve the Directors' remuneration report |
15,723,858 |
97.35% |
427,886 |
2.65% |
4,664 |
3 |
To declare a final dividend of 4.42p per share |
16,120,094 |
100.00% |
202 |
0.00% |
36,112 |
4 |
To re-appoint Richard Elsy as a Director of the Company |
15,876,918 |
98.29% |
275,599 |
1.71% |
3,891 |
5 |
To re-appoint Louise Evans as a Director of the Company |
16,013,562 |
99.14% |
139,004 |
0.86% |
3,842 |
6 |
To re-appoint Richard Hickinbotham as a Director of the Company |
15,877,290 |
98.30% |
275,276 |
1.70% |
3,842 |
7 |
To re-appoint Sarah Matthews-DeMers as a Director of the Company |
16,145,876 |
99.96% |
6,655 |
0.04% |
3,877 |
8 |
To re-appoint Dr James Routh as a Director of the Company |
16,147,046 |
99.97% |
5,520 |
0.03% |
3,842 |
9 |
To re-appoint Grant Thornton determine the auditor's remuneration |
16,132,079 |
99.89% |
17,758 |
0.11% |
6,571 |
10 |
To authorise the Directors of the Company to allot securities up to an aggregate nominal amount of |
16,124,732 |
99.83% |
28,264 |
0.17% |
3,412 |
11 |
To give the Directors of the Company limited power to allot securities for cash up to an aggregate nominal amount of |
16,136,918 |
99.90% |
16,270 |
0.10% |
3,220 |
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 22,934,365 ordinary shares.
Enquiries:
AB Dynamics plc |
01225 860 200 |
Dr James Routh, Chief Executive Officer |
|
Sarah Matthews-DeMers, Chief Financial Officer |
|
|
|
Peel Hunt LLP (Nominated Adviser and Joint Broker) |
0207 418 8900 |
Mike Bell |
|
Ed Allsopp |
|
|
|
Stifel Nicolaus Europe Limited (Joint Broker) |
020 7710 7600 |
Matthew Blawat Harry Billen
|
|
|
|
|
|
|
|
Teneo |
0207 353 4200 |
James Macey White Matt Low |
The person responsible for arranging the release of this information is Felicity Jackson, Group Legal Counsel.
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