TIDMRCDO

RNS Number : 9531U

Ricardo PLC

28 November 2023

Ricardo PLC

Director / PDMR Shareholdings

28 November 2023

London

   1.         2020 Long Term Incentive Plan - vesting of plan cycle 14 

Ricardo PLC (the "Company") announces that, on 27 November 2023, a total of 31,355 ordinary shares of 25 pence each ("Shares") vested in favour of Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2020 Long Term Incentive Plan (the "LTIP"). This vesting, details of which are provided below, related to awards that were granted under the LTIP on 27 November 2020. Full details of the Remuneration Committee's assessment of the Company's performance against the vesting conditions will be provided in the 2024 Directors' Remuneration Report.

 
  Name              Role    No. of Shares that vested 
                               on 27 November 2023 
 Mike Bell          PDMR              6,760 
                   ------  -------------------------- 
 Chester Gryczan    PDMR             16,457 
                   ------  -------------------------- 
 Clive Wotton       PDMR              8,138 
                   ------  -------------------------- 
 
   2.         Realisation of value of shares 

Immediately on vesting of the above awards, the PDMRs realised value in respect of the following Shares at a price of GBP4.65:

 
 Name               Role    No. of Shares realised for value 
                                   on 27 November 2023 
 Mike Bell          PDMR                 3,178 
                   ------  --------------------------------- 
 Chester Gryczan    PDMR                 16,457 
                   ------  --------------------------------- 
 Clive Wotton       PDMR                 8,138 
                   ------  --------------------------------- 
 
   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          PDMR         6,352            0.010% 
                   ------  ----------------  ---------------- 
 Chester Gryczan    PDMR           0              0.000% 
                   ------  ----------------  ---------------- 
 Clive Wotton       PDMR           0              0.000% 
                   ------  ----------------  ---------------- 
 

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 pursuant to the 
        transaction                 terms of the Ricardo 2020 Long Term Incentive 
                                    Plan 
----  --------------------------  ----------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                       GBP0        6,760 
                                    ----------  ---------- 
----  --------------------------  ----------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     Not applicable 
 
 
          *    Price 
----  --------------------------  ----------------------------------------------- 
  e)   Date of the transaction     2023-11-27 
----  --------------------------  ----------------------------------------------- 
  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) 
                                                ---------- 
                                      GBP4.65      3,178 
                                    ----------  ---------- 
----  --------------------------  ----------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     Not applicable 
 
 
          *    Price 
----  --------------------------  ----------------------------------------------- 
  e)   Date of the transaction     2023-11-27 
----  --------------------------  ----------------------------------------------- 
  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 pursuant to the 
        transaction                 terms of the Ricardo 2020 Long Term Incentive 
                                    Plan 
----  --------------------------  ----------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                       GBP0       16,457 
                                    ----------  ---------- 
----  --------------------------  ----------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     Not applicable 
 
 
          *    Price 
----  --------------------------  ----------------------------------------------- 
  e)   Date of the transaction     2023-11-27 
----  --------------------------  ----------------------------------------------- 
  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) 
                                                ---------- 
                                      GBP4.65     16,457 
                                    ----------  ---------- 
----  --------------------------  ----------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     Not applicable 
 
 
          *    Price 
----  --------------------------  ----------------------------------------------- 
  e)   Date of the transaction     2023-11-27 
----  --------------------------  ----------------------------------------------- 
  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 pursuant to the 
        transaction                 terms of the Ricardo 2020 Long Term Incentive 
                                    Plan 
----  --------------------------  ----------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                       GBP0        8,138 
                                    ----------  ---------- 
----  --------------------------  ----------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     Not applicable 
 
 
          *    Price 
----  --------------------------  ----------------------------------------------- 
  e)   Date of the transaction     2023-11-27 
----  --------------------------  ----------------------------------------------- 
  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) 
                                                ---------- 
                                      GBP4.65      8,138 
                                    ----------  ---------- 
----  --------------------------  ----------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     Not applicable 
 
 
          *    Price 
----  --------------------------  ----------------------------------------------- 
  e)   Date of the transaction     2023-11-27 
----  --------------------------  ----------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  ----------------------------------------------- 
 

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END

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November 28, 2023 10:53 ET (15:53 GMT)

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