TIDMRCDO

RNS Number : 6917Q

Ricardo PLC

16 October 2013

Ricardo PLC

Director / PDMR Shareholdings

16 October 2013

London

   1.         2006 Long Term Incentive Plan - grant of plan cycle 7 

Ricardo PLC (the "Company") announces that, on 16 October 2013, conditional awards over a total of 185,399 shares of 25 pence each in the Company ("Shares") were granted to Executive Directors and other PDMRs under the terms of the Company's 2006 Long Term Incentive Plan (the "LTIP"), as set out below. These awards vest after three years and are subject to TSR and EPS performance conditions.

 
  Name                Role         No. of Shares over which awards 
                                               granted 
-------------------  -----------  -------------------------------- 
                      Executive 
 Dave Shemmans         Director                73,380 
-------------------  -----------  -------------------------------- 
                      Executive 
 Ian Gibson            Director                25,983 
-------------------  -----------  -------------------------------- 
                      Executive 
 Mark Garrett          Director                22,676 
-------------------  -----------  -------------------------------- 
 Martin Fausset       PDMR                     14,430 
-------------------  -----------  -------------------------------- 
 Tom Apostolos        PDMR                      9,423 
-------------------  -----------  -------------------------------- 
 Robert Hentschel     PDMR                      8,615 
-------------------  -----------  -------------------------------- 
 Markus Döerr    PDMR                     12,674 
-------------------  -----------  -------------------------------- 
 Gary Tan             PDMR                      9,199 
-------------------  -----------  -------------------------------- 
 Robert Bell          PDMR                      9,019 
-------------------  -----------  -------------------------------- 
 
   2.         2011 Deferred Bonus Plan - grant of deferred awards and matching awards 

The Company also announces that, on 16 October 2013, conditional "deferred awards" over a total of 62,931 Shares were granted to Executive Directors and other PDMRs under the terms of the Company's 2011 Deferred Bonus Plan ("DBP"), as set out below. Subject to continuing employment, these awards vest after three years. These DBP deferred awards (which include dividend equivalent entitlements) are not subject to performance conditions.

 
  Name             Role         No. of Shares over which awards 
                                            granted 
----------------  -----------  -------------------------------- 
                   Executive 
 Dave Shemmans      Director                34,292 
----------------  -----------  -------------------------------- 
                   Executive 
 Mark Garrett       Director                15,620 
----------------  -----------  -------------------------------- 
 Martin Fausset    PDMR                      5,848 
----------------  -----------  -------------------------------- 
 Tom Apostolos     PDMR                      3,817 
----------------  -----------  -------------------------------- 
 Gary Tan          PDMR                      3,354 
----------------  -----------  -------------------------------- 
 

Finally, further conditional "matching awards" over a total of 49,912 Shares were granted to Executive Directors under the terms of the DBP on the basis of one Share comprised in such a "matching award" for each Share comprised in the corresponding deferred award (detailed above) granted to an individual on the same occasion. Details of these DBP matching awards, which do not include dividend equivalent entitlements, but are subject to the same performance conditions that apply to the awards granted on 16 October 2013 under cycle 7 of the LTIP, are set out below:

 
  Name            Role         No. of Shares over which awards 
                                           granted 
---------------  -----------  -------------------------------- 
                  Executive 
 Dave Shemmans     Director                34,292 
---------------  -----------  -------------------------------- 
                  Executive 
 Mark Garrett      Director                15,620 
---------------  -----------  -------------------------------- 
 
   3.         Current total holdings of awards / options over Shares 

Following the above notifications, the total number of Shares over which the relevant Executive Directors and other PDMRs hold outstanding awards / options is set out below:

 
  Name                Role          Total no. of        Approximate % 
                                    Shares subject    of Company's issued 
                                    to awards and        share capital 
                                     options now 
                                         held 
-------------------  -----------  ----------------  --------------------- 
                      Executive 
 Dave Shemmans         Director        616,044              1.18% 
-------------------  -----------  ----------------  --------------------- 
                      Executive 
 Ian Gibson            Director        25,983               0.05% 
-------------------  -----------  ----------------  --------------------- 
                      Executive 
 Mark Garrett          Director        221,144              0.42% 
-------------------  -----------  ----------------  --------------------- 
 Martin Fausset       PDMR             71,753               0.14% 
-------------------  -----------  ----------------  --------------------- 
 Tom Apostolos        PDMR             36,699               0.07% 
-------------------  -----------  ----------------  --------------------- 
 Robert Hentschel     PDMR              8,615               0.02% 
-------------------  -----------  ----------------  --------------------- 
 Markus Döerr    PDMR             99,208               0.19% 
-------------------  -----------  ----------------  --------------------- 
 Gary Tan             PDMR             29,972               0.06% 
-------------------  -----------  ----------------  --------------------- 
 Robert Bell          PDMR             23,554               0.05% 
-------------------  -----------  ----------------  --------------------- 
 

The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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