TIDMRCDO
RNS Number : 0628E
Ricardo PLC
25 October 2022
Ricardo PLC
Director / PDMR Shareholdings
25 October 2022
London
1. 2011 Deferred Bonus Plan - vesting of awards granted in 2019 with a 3 year deferral period
Ricardo PLC (the "Company") announces that, on 24 October 2022,
a total of 9,665 ordinary shares of 25 pence each ("Shares") vested
in favour of Executive Directors and other Persons Discharging
Managerial Responsibilities ("PDMRs") under the terms of the
Company's 2011 Deferred Bonus Plan ("DBP"). These awards (which
included dividend entitlements) were granted on 24 October 2019.
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 24 October 2022
Executive
Ian Gibson Director 7,283
----------- --------------------------
Tim Curtis PDMR 1,168
----------- --------------------------
Chester Gryczan PDMR 1,214
----------- --------------------------
2. 2014 Long Term Incentive Plan - vesting of retention award
Ricardo PLC (the "Company") announces that, on 24 October 2022,
a total of 13,716 ordinary shares of 25 pence each ("Shares")
vested in favour of Marques McCammon, a person discharging
managerial responsibilities, under the terms of the Company's 2014
Long Term Incentive Plan (the "LTIP"). This vesting related to an
award that was granted to him under the LTIP on 24 October 2019
that was not subject to the satisfaction of performance
conditions.
3. Lapse of awards granted in 2019
The Company also announces that the remuneration committee of
its board of directors has completed its assessment of the
performance conditions governing:
-- the LTIP Cycle 13 awards that had originally been granted to
the Executive Directors and PDMRs on 24 October 2019 under the
Company's 2014 Long Term Incentive Plan; and
-- the bonus-linked share awards that had originally been
granted to the Executive Directors and PDMRs on 24 October 2019
under the DBP,
and concluded that these awards would lapse immediately and
cease to exist.
4. Realisation of value of shares
Immediately on vesting of the awards referred to in sections 1
and 2 above, the Executive Directors and other PDMRs realised value
in respect of the following Shares at a price of GBP 4.44 :
Name Role No. of Shares realised for value
on 24 October 2022
Executive
Ian Gibson Director 3,424
----------- ---------------------------------
Tim Curtis PDMR 1,168
----------- ---------------------------------
Chester Gryczan PDMR 1,214
----------- ---------------------------------
Marques McCammon PDMR 13,716
----------- ---------------------------------
5. 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
Executive
Ian Gibson Director 64,713 0.104%
----------- ---------------- ----------------
Tim Curtis PDMR 1,543 0.002%
----------- ---------------- ----------------
Chester Gryczan PDMR 0 0%
----------- ---------------- ----------------
Marques McCammon PDMR 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 Ian Gibson
---- -------------------------- -----------------------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------------------
a) Position/status PDMR: Chief Financial 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 24 October 2019
transaction pursuant to the terms of the Ricardo plc 2011
Deferred Bonus Plan
---- -------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 7,283
---------- ----------
---- -------------------------- -----------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable
* Price
---- -------------------------- -----------------------------------------------
e) Date of the transaction 2022-10-24
---- -------------------------- -----------------------------------------------
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)
----------
GBP4.44 3,424
---------- ----------
---- -------------------------- -----------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -----------------------------------------------
e) Date of the transaction 2022-10-24
---- -------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------
a) Name Tim Curtis
---- -------------------------- --------------------------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------------
a) Position/status PDMR: Managing Director - Energy and Environment
---- -------------------------- --------------------------------------------------
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 24 October 2019
transaction pursuant to the terms of the Ricardo plc 2011
Deferred Bonus Plan
---- -------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 1,168
---------- ----------
---- -------------------------- --------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- --------------------------------------------------
e) Date of the transaction 2022-10-24
---- -------------------------- --------------------------------------------------
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)
----------
GBP4.44 1,168
---------- ----------
---- -------------------------- --------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- --------------------------------------------------
e) Date of the transaction 2022-10-24
---- -------------------------- --------------------------------------------------
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 24 October 2019
transaction pursuant to the Ricardo plc 2011 Deferred Bonus
Plan
---- -------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 1,214
---------- ----------
---- -------------------------- --------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- --------------------------------------------------
e) Date of the transaction 2022-10-24
---- -------------------------- --------------------------------------------------
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)
----------
GBP4.44 1,214
---------- ----------
---- -------------------------- --------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- --------------------------------------------------
e) Date of the transaction 2022-10-24
---- -------------------------- --------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
---- ------------------------------------------------------------------------------
a) Name Marques McCammon
---- -------------------------- --------------------------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------------
a) Position/status PDMR: Managing Director, Automotive & Industrial
---- -------------------------- --------------------------------------------------
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 24 October 2019
transaction pursuant to the terms of the Ricardo plc 2014
Long Term Incentive Plan
---- -------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 13,716
---------- ----------
---- -------------------------- --------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- --------------------------------------------------
e) Date of the transaction 2022-10-24
---- -------------------------- --------------------------------------------------
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)
----------
GBP4.44 13,716
---------- ----------
---- -------------------------- --------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- --------------------------------------------------
e) Date of the transaction 2022-10-24
---- -------------------------- --------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- --------------------------------------------------
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END
DSHGZMZGZKRGZZM
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