Ricardo PLC Director/PDMR Shareholding (6201R)
29 October 2013 - 8:15PM
UK Regulatory
TIDMRCDO
RNS Number : 6201R
Ricardo PLC
29 October 2013
Ricardo PLC
Director / PDMR Shareholdings
29 October 2013
London
1. 2006 Long Term Incentive Plan - vesting of plan cycle 3
Ricardo PLC (the "Company") announces that on 25 October 2013, a
total of 151,704 ordinary shares of 25 pence each in the Company
("Shares") vested in favour of Executive Directors and other
Persons Discharging Managerial Responsibilities ("PDMRs") under the
terms of the Company's 2006 Long Term Incentive Plan (the "Plan").
This vesting, details of which are provided below, related to
awards that were granted under the Plan on 25 October 2010 and was
subject to the satisfaction of both EPS and TSR performance
conditions.
Name Role No. of Shares that vested
on 25 October 2013
--------------- ----------- --------------------------
Executive
Dave Shemmans Director 97,644
--------------- ----------- --------------------------
Executive
Mark Garrett Director 33,584
--------------- ----------- --------------------------
Markus Doerr PDMR 20,476
--------------- ----------- --------------------------
2. Deferred Bonus Plan - Awards granted in 2010
The Company also announces that on 25 October 2013, a total of
11,510 Shares vested in favour of Executive Directors under the
terms of the Company's Deferred Bonus Plan. These awards (which
included dividend entitlements) were granted on 25 October 2010.
They vested following the end of a three 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 25 October 2013
--------------- ----------- --------------------------
Executive
Dave Shemmans Director 8,650
--------------- ----------- --------------------------
Executive
Mark Garrett Director 2,860
--------------- ----------- --------------------------
Immediately on vesting, the Executive Directors realised value
in respect of the following shares at a price of GBP6.615:
Name Role No. of Shares realised for
value on 25 October 2013
--------------- ----------- ---------------------------
Executive
Dave Shemmans Director 8,650
--------------- ----------- ---------------------------
Executive
Mark Garrett Director 1,345
--------------- ----------- ---------------------------
3. Net current total holdings of Shares
Following the above notifications, the total holdings of Shares
of the relevant Executive Directors and other PDMRs are as
follows:
Name Role Total holding Approximate %
following this of Company's
notification issued share
capital
--------------- ----------- ---------------- --------------
Executive
Dave Shemmans Director 257,814 0.49%
--------------- ----------- ---------------- --------------
Executive
Mark Garrett Director 57,184 0.11%
--------------- ----------- ---------------- --------------
Markus Doerr PDMR 56,701 0.11%
--------------- ----------- ---------------- --------------
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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