Appointment and Resignation of Non-Exec Directors

For immediate release

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

30 July 2020

AB Dynamics plc

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

Appointment and Resignation of Non-Executive Directors

AB Dynamics (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, is pleased to announce the appointment of Richard Peter Elsy as Non-Executive Director and he will join the Board on 1 August 2020 as Chair of the Remuneration Committee.

Dick Elsy is the Chief Executive of the High Value Manufacturing Catapult, the go-to place for advanced manufacturing technology in the UK. With over £800m of assets, supporting both industry and academia, it represents the greatest concentration of advanced manufacturing research capability in Europe. Dick is a career veteran from the automotive industry, with the bulk of his time spent at Land Rover and then Jaguar, where he was engineering director. He ran Torotrak plc, the innovator in traction drive technology, for several years.

Dick takes a keen interest in engineering innovation at a national level as a board member of the Aerospace Growth Partnership and a member of the Automotive Council's Technology group. He is also on the council of the UKRI-STFC and supports the research and technology community through his board role with AIRTO.

Most recently Dick has been chairing the Ventilator Challenge UK Consortium, an extraordinary programme to repurpose the automotive, motorsport and aero industries to build thousands of complex medical devices in a matter of a few weeks.

Mr Richard Elsy said: "I'm delighted to join the board of AB Dynamics at such an interesting time. The automotive industry is in the midst of a sea change as it transitions to new low carbon and autonomous driving technologies. AB Dynamic's industry leading products and its forward strategy place it as a front runner to build value from this change."

The Company announces that Graham Eves shall step down from his position as Chair of the Remuneration Committee on 1 August 2020 and will retire from the Board on 31 August 2020. The Board thanks Graham for his service to the Company.

Information disclosable under Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies

Richard Peter Elsy (aged 60) does not hold any shares or options in the Group.

In the 5 years preceding the date of this announcement, Richard Peter Elsy held the following directorships and no partnerships.

There is no further information regarding Richard Peter Elsy required to be disclosed under the AIM Rules.

Enquiries:

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

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, UK (the Group).  The Group 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.