Ricardo PLC Director/PDMR Shareholding (1454X)
18 December 2023 - 9:00PM
UK Regulatory
TIDMRCDO
RNS Number : 1454X
Ricardo PLC
18 December 2023
Ricardo PLC
Director / PDMR Shareholdings
18 December 2023
London
1. 2020 Long Term Incentive Plan - grant of plan cycle 17B awards
Ricardo PLC (the "Company") announces that, on 15 December 2023,
a conditional award over a total of 24,514 shares of 25 pence each
in the Company ("Shares") was granted to Jason O'Donnell, a Person
Discharging Managerial Responsibility ("PDMR") as set out below
under the terms of the Company's 2020 Long Term Incentive Plan (the
"LTIP"). The award will vest on 16 November 2026 and is subject to
TSR, EPS and ESG performance conditions and continued employment.
The award is also inclusive of the one-off 'Accelerator' LTIP award
that will vest subject to the achievement of stretching EPS targets
in excess of that required to trigger maximum vesting of the 'Core'
LTIP award.
Name Role No. of Shares over
which awards granted
Jason O'Donnell PDMR 24,514
------ ----------------------
2. 2020 Long Term Incentive Plan - grant of discretionary retention awards
The Company also announces that, on 15 December 2023, a
discretionary retention award over a total of 15,000 Shares was
granted to Jason O'Donnell, a PDMR, as set out below under the
terms of the Company's LTIP. This award will vest on 16 November
2026 and is not subject to any performance conditions.
Name Role No. of Shares over
which awards granted
Jason O'Donnell PDMR 15,000
------ ----------------------
3. Current total holdings of awards/options over shares
Following the above notification, the total number of Shares
over which the relevant PDMR holds outstanding awards / options is
set out below:
Name Role Total holding Approximate
following this % of Company's
notification issued share
capital
Jason O'Donnell PDMR 54,430 0.087%
------ ---------------- ----------------
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 Jason O'Donnell
---- -------------------------- -----------------------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------------------
a) Position/status PDMR: Managing Director - Global A&I
---- -------------------------- -----------------------------------------------
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 Conditional and retention awards of shares
transaction pursuant to the rules of the Ricardo plc 2020
Long Term Incentive Plan.
---- -------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
Nil 24,514
---------- ----------
Nil 15,000
---------- ----------
---- -------------------------- -----------------------------------------------
d) Aggregated information
* Aggregated volume 39,514
Nil
* Price
---- -------------------------- -----------------------------------------------
e) Date of the transaction 2023-12-15
---- -------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -----------------------------------------------
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END
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