AB Dynamics directors take home pre-Christmas bonus
After a positive year for AB Dynamics, the company’s chairman and managing director have taken home a pre-Christmas bonus.
AB Dynamics
1,992.50p
15:34 15/11/24
FTSE AIM All-Share
728.67
15:45 15/11/24
Industrial Engineering
11,826.25
15:44 15/11/24
Earlier this month, the company said full year revenue increased 19.3% to £16.52m, and operating profit increased 41% to £3.74m.
Founder and chairman Anthony Best cashed in 100,000 of his 30% stake in the company to take home a £310,000 bonus just in time for the festive season.
That took the stake owned by him and his wife down to 37.5%, with just under 6.5m shares.
Managing director Timothy Rogers also cashed in 25,000 shares to receive £77,750.
The pair would have also taken home hefty dividend cheques last week of £108,852 and £4,837 respectively.
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