AB Dynamics Plc announced that Bryan Smart has informed the Board of his intention to step down from his position as Chairman of the Audit and Risk Committee and retire from the Board at the AGM in January 2020. The Board has begun the search for a suitable replacement and has also taken the decision to look to appoint a Non-Executive Director with relevant industry experience.

The Board is recommending a final dividend of 2.79 pence per share payable on 13 February 2020 subject to shareholder approval at the AGM. The ex-dividend date will be 2 January 2020 and the record date will be 3 January 2020. The total dividend for the year will therefore be 4.40 pence per share which is an increase over the prior year of 20%. The Board expects to continue to pursue a progressive dividend policy in the future.