REG - Ricardo PLC - Director/PDMR Shareholding
RNS Number : 3479QRicardo PLC26 October 2021Ricardo PLC
Director / PDMR Shareholdings
27 October 2021
London
1. 2011 Deferred Bonus Plan - vesting of awards granted in 2018 with a 3 year deferral period
Ricardo PLC (the "Company") announces that, on 25 October 2021, a total of 13,196 ordinary shares of 25 pence each ("Shares") vested in favour of an Executive Director 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 25 October 2018. 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 2021
Ian Gibson
Executive Director
10,416
Tim Curtis
PDMR
120
Paul Seller
PDMR
1,026
Gary Tan
PDMR
1,634
2. 2011 Deferred Bonus Plan - vesting of awards granted in 2019 with a 2 year deferral period
The Company also announces that on 25 October 2021, a total of 3,318 Shares vested in favour of certain PDMRs under the terms of the DBP. These awards (which included dividend entitlements) were granted on 24 October 2019. They vested following the end of a one 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 2021
Paul Seller
PDMR
355
Tim Curtis
PDMR
1,146
Chester Gryczan
PDMR
1,192
Gary Tan
PDMR
625
3. Lapse of awards granted in 2018
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 12 awards that had originally been granted to the Executive Directors and PDMRs on 25 October 2018 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 25 October 2018 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 above awards, the Executive Director and other PDMRs realised value in respect of the following Shares at a price of £4.27:
Name
Role
No. of Shares realised for value on 25 October 2021
Ian Gibson
Executive Director
4,896
Tim Curtis
PDMR
1,266
Chester Gryczan
PDMR
1,192
Paul Seller
PDMR
1,381
Gary Tan
PDMR
0
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 following this notification
Approximate % of Company's issued share capital
Ian Gibson
Executive Director
60,854
0.098%
Tim Curtis
PDMR
1,079
0.002%
Chester Gryczan
PDMR
0
0.000%
Paul Seller
PDMR
0
0.000%
Gary Tan
PDMR
4,509
0.007%
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/ Amendment
Initial Notification
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 the financial instrument, type of instrument
Ordinary shares of 25p each ("Shares")
Identification code
GB0007370074
b)
Nature of the transaction
Vesting of award granted on 25 October 2018 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
10,416
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2021-10-25
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 the financial instrument, type of instrument
Ordinary shares of 25p each ("Shares")
Identification code
GB0007370074
b)
Nature of the transaction
Shares realised for value
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£4.27
4,896
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2021-10-25
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/ Amendment
Initial Notification
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 the financial instrument, type of instrument
Ordinary shares of 25p each ("Shares")
Identification code
GB0007370074
b)
Nature of the transaction
Vesting of awards granted on 25 October 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
1,146
£0
120
d)
Aggregated information
- Aggregated volume
- Price
1,266
£0
e)
Date of the transaction
2021-10-25
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 the financial instrument, type of instrument
Ordinary shares of 25p each ("Shares")
Identification code
GB0007370074
b)
Nature of the transaction
Shares realised for value
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£4.27
1,266
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2021-10-25
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/ Amendment
Initial Notification
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 the financial instrument, type of instrument
Ordinary shares of 25p each ("Shares")
Identification code
GB0007370074
b)
Nature of the transaction
Vesting of award granted on 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
1,192
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2021-10-25
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 the financial instrument, type of instrument
Ordinary shares of 25p each ("Shares")
Identification code
GB0007370074
b)
Nature of the transaction
Shares realised for value
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£4.27
1,192
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2021-10-25
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Paul Seller
2
Reason for the notification
a)
Position/status
PDMR: Managing Director - Ricardo Rail
b)
Initial notification/ Amendment
Initial Notification
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 the financial instrument, type of instrument
Ordinary shares of 25p each ("Shares")
Identification code
GB0007370074
b)
Nature of the transaction
Vesting of awards granted on 25 October 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
1,026
£0
355
d)
Aggregated information
- Aggregated volume
- Price
1,381
£0
e)
Date of the transaction
2021-10-25
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 the financial instrument, type of instrument
Ordinary shares of 25p each ("Shares")
Identification code
GB0007370074
b)
Nature of the transaction
Shares realised for value
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£4.27
1,381
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2021-10-25
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Gary Tan
2
Reason for the notification
a)
Position/status
PDMR: Managing Director - Asia
b)
Initial notification/ Amendment
Initial Notification
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 the financial instrument, type of instrument
Ordinary shares of 25p each ("Shares")
Identification code
GB0007370074
b)
Nature of the transaction
Vesting of awards granted on 25 October 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
1,634
£0
625
d)
Aggregated information
- Aggregated volume
- Price
2,259
£0
e)
Date of the transaction
2021-10-25
f)
Place of the transaction
Outside a trading venue
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