TIDMRCDO

RNS Number : 6271P

Ricardo PLC

10 October 2023

Ricardo PLC

Director / PDMR Shareholdings

9 October 2023

London

1. 2021 Deferred Bonus Plan - vesting of awards granted in 2022 with a 1 year deferral period

Ricardo PLC (the "Company") announces that, on 6 October 2023, a total of 18,136 ordinary shares of 25 pence each ("Shares") vested in favour of Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2021 Deferred Bonus Plan ("DBP"). These awards (which included dividend entitlements) were granted on 6 October 2022. They vested following the end of a one-year Deferral Period and were not subject to performance conditions. Further details of this vesting are provided below.

 
  Name              Role    No. of Shares that vested 
                                on 6 October 2023 
 Mike Bell          PDMR              5,227 
                   ------  -------------------------- 
 Chester Gryczan    PDMR              1,275 
                   ------  -------------------------- 
 Mary Moore         PDMR              3,480 
                   ------  -------------------------- 
 Natasha Perfect    PDMR              3,245 
                   ------  -------------------------- 
 Clive Wotton       PDMR              4,909 
                   ------  -------------------------- 
 
   2.             Realisation of value of shares 

Immediately on vesting of the awards referred to in section 1 above, the PDMRs realised value in respect of the following Shares at a price of GBP4.59.

 
  Name              Role    No. of Shares realised for 
                              value on 6 October 2023 
 Mike Bell          PMDR              2,457 
                   ------  --------------------------- 
 Chester Gryczan    PDMR              1,275 
                   ------  --------------------------- 
 Mary Moore         PDMR              1,636 
                   ------  --------------------------- 
 Natasha Perfect    PDMR              1,526 
                   ------  --------------------------- 
 Clive Wotton       PDMR              4,909 
                   ------  --------------------------- 
 
   3.             Net current total holdings of Shares 

Following the above notifications, the total holdings of Shares of the relevant PDMRs are as follows:

 
  Name              Role     Total holding      Approximate 
                             following this    % of Company's 
                              notification      issued share 
                                                  capital 
 Mike Bell          PMDR         2,770            0.004% 
                   ------  ----------------  ---------------- 
 Chester Gryczan    PMDR           0                0% 
                   ------  ----------------  ---------------- 
 Mary Moore         PMDR         1,844            0.003% 
                   ------  ----------------  ---------------- 
 Natasha Perfect    PMDR         1,719            0.003% 
                   ------  ----------------  ---------------- 
 Clive Wotton       PMDR           0                0% 
                   ------  ----------------  ---------------- 
 

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

 
  1    Details of the person discharging managerial responsibilities/person 
        closely associated 
      --------------------------------------------------------------------------- 
  a)   Name                         Mike Bell 
----  --------------------------  ----------------------------------------------- 
  2    Reason for the notification 
----  --------------------------------------------------------------------------- 
  a)   Position/status              PDMR: Chief Strategy and Digital Officer 
----  --------------------------  ----------------------------------------------- 
  b)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  ----------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  --------------------------------------------------------------------------- 
  a)   Name                         Ricardo plc 
----  --------------------------  ----------------------------------------------- 
  b)   LEI                          213800ZNYAY35F4XB814 
----  --------------------------  ----------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
----  --------------------------------------------------------------------------- 
  a)   Description of               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  ----------------------------------------------- 
  b)   Nature of the               Vesting of award granted on 6 October 2022 
        transaction                 pursuant to the terms of the Ricardo plc 2021 
                                    Deferred Bonus Plan 
----  --------------------------  ----------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                       GBP0        5,227 
                                    ----------  ---------- 
----  --------------------------  ----------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume    Not applicable 
 
 
          *    Price 
----  --------------------------  ----------------------------------------------- 
  e)   Date of the transaction     6 October 2023 
----  --------------------------  ----------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  ----------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
----  --------------------------------------------------------------------------- 
  a)   Description of               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  ----------------------------------------------- 
  b)   Nature of the               Shares realised for value 
        transaction 
----  --------------------------  ----------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                      GBP4.59      2,457 
                                    ----------  ---------- 
----  --------------------------  ----------------------------------------------- 
  d)    Aggregated information     Not applicable 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ----------------------------------------------- 
  e)   Date of the transaction     6 October 2023 
----  --------------------------  ----------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  ----------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities/person 
        closely associated 
      ----------------------------------------------------------------------------- 
  a)   Name                         Chester Gryczan 
----  --------------------------  ------------------------------------------------- 
  2    Reason for the notification 
----  ----------------------------------------------------------------------------- 
  a)   Position/status              PDMR: President - Ricardo Defense Systems 
----  --------------------------  ------------------------------------------------- 
  b)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  ------------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  ----------------------------------------------------------------------------- 
  a)   Name                         Ricardo plc 
----  --------------------------  ------------------------------------------------- 
  b)   LEI                          213800ZNYAY35F4XB814 
----  --------------------------  ------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
----  ----------------------------------------------------------------------------- 
  a)   Description of               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  ------------------------------------------------- 
  b)   Nature of the               Vesting of award granted on 6 October 2022 
        transaction                 pursuant to the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  ------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                       GBP0        1,275 
                                    ----------  ---------- 
----  --------------------------  ------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume 
                                    Not applicable 
 
          *    Price 
----  --------------------------  ------------------------------------------------- 
  e)   Date of the transaction     6 October 2023 
----  --------------------------  ------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  ------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
----  ----------------------------------------------------------------------------- 
  a)   Description of               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  ------------------------------------------------- 
  b)   Nature of the               Shares realised for value 
        transaction 
----  --------------------------  ------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                      GBP4.59      1,275 
                                    ----------  ---------- 
----  --------------------------  ------------------------------------------------- 
  d)    Aggregated information     Not applicable 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ------------------------------------------------- 
  e)   Date of the transaction     6 October 2023 
----  --------------------------  ------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  ------------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities/person 
        closely associated 
      -------------------------------------------------------------------------------- 
  a)   Name                         Mary Moore 
----  --------------------------  ---------------------------------------------------- 
  2    Reason for the notification 
----  -------------------------------------------------------------------------------- 
  a)   Position/status              PDMR: Group People, Team and Organisation Director 
----  --------------------------  ---------------------------------------------------- 
  b)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  ---------------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  -------------------------------------------------------------------------------- 
  a)   Name                         Ricardo plc 
----  --------------------------  ---------------------------------------------------- 
  b)   LEI                          213800ZNYAY35F4XB814 
----  --------------------------  ---------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
----  -------------------------------------------------------------------------------- 
  a)   Description of               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  ---------------------------------------------------- 
  b)   Nature of the               Vesting of awards granted on 6 October 2022 
        transaction                 pursuant to the terms of the Ricardo plc 2021 
                                    Deferred Bonus Plan 
----  --------------------------  ---------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                       GBP0        3,480 
                                    ----------  ---------- 
----  --------------------------  ---------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume 
                                     Not applicable 
 
          *    Price 
----  --------------------------  ---------------------------------------------------- 
  e)   Date of the transaction     6 October 2023 
----  --------------------------  ---------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  ---------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
----  -------------------------------------------------------------------------------- 
  a)   Description of               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  ---------------------------------------------------- 
  b)   Nature of the               Shares realised for value 
        transaction 
----  --------------------------  ---------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                      GBP4.59      1,636 
                                    ----------  ---------- 
----  --------------------------  ---------------------------------------------------- 
  d)    Aggregated information     Not applicable 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ---------------------------------------------------- 
  e)   Date of the transaction     6 October 2023 
----  --------------------------  ---------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  ---------------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities/person 
        closely associated 
      ------------------------------------------------------------------------------- 
  a)   Name                         Natasha Perfect 
----  --------------------------  --------------------------------------------------- 
  2    Reason for the notification 
----  ------------------------------------------------------------------------------- 
  a)   Position/status              PDMR: Group Marketing and Communications Director 
----  --------------------------  --------------------------------------------------- 
  b)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  ------------------------------------------------------------------------------- 
  a)   Name                         Ricardo plc 
----  --------------------------  --------------------------------------------------- 
  b)   LEI                          213800ZNYAY35F4XB814 
----  --------------------------  --------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
----  ------------------------------------------------------------------------------- 
  a)   Description of               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Vesting of award granted on 6 October 2022 
        transaction                 pursuant to the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                       GBP0        3,245 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information     Not applicable 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     6 October 2023 
----  --------------------------  --------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  --------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
----  ------------------------------------------------------------------------------- 
  a)   Description of               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Shares realised for value 
        transaction 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                      GBP4.59      1,526 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information     Not applicable 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     6 October 2023 
----  --------------------------  --------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  --------------------------------------------------- 
 
 
 
  1    Details of the person discharging managerial responsibilities/person 
        closely associated 
----  ----------------------------------------------------------------------------- 
  a)   Name                         Clive Wotton 
----  --------------------------  ------------------------------------------------- 
  2    Reason for the notification 
----  ----------------------------------------------------------------------------- 
  a)   Position/status              PDMR: Group Director, Sustainability, Quality 
                                     and Risk 
----  --------------------------  ------------------------------------------------- 
  b)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  ------------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  ----------------------------------------------------------------------------- 
  a)   Name                         Ricardo plc 
----  --------------------------  ------------------------------------------------- 
  b)   LEI                          213800ZNYAY35F4XB814 
----  --------------------------  ------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
----  ----------------------------------------------------------------------------- 
  a)   Description of               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  ------------------------------------------------- 
  b)   Nature of the               Vesting of award granted on 6 October 2022 
        transaction                 pursuant to the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  ------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                       GBP0        4,909 
                                    ----------  ---------- 
----  --------------------------  ------------------------------------------------- 
  d)    Aggregated information     Not applicable 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ------------------------------------------------- 
  e)   Date of the transaction     6 October 2023 
----  --------------------------  ------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  ------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
----  ----------------------------------------------------------------------------- 
  a)   Description of               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  ------------------------------------------------- 
  b)   Nature of the               Shares realised for value 
        transaction 
----  --------------------------  ------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                      GBP4.59      4,909 
                                    ----------  ---------- 
----  --------------------------  ------------------------------------------------- 
  d)    Aggregated information     Not applicable 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ------------------------------------------------- 
  e)   Date of the transaction     6 October 2023 
----  --------------------------  ------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  ------------------------------------------------- 
 

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