REG - Ricardo PLC - Director/PDMR Shareholding
20/11/2023 10:45
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RNS Number : 9897T Ricardo PLC 20 November 2023
Ricardo PLC
Director / PDMR Shareholdings
20 November 2023
London
1. 2020 Long Term Incentive Plan - grant of plan cycle 17
awards
Ricardo PLC (the "Company") announces that, on 16 November 2023 conditional
awards over a total of 695,271 shares of 25 pence each in the Company
("Shares") were granted to Executive Directors and other Persons Discharging
Managerial Responsibility ("PDMRs") as set out below under the terms of the
Company's 2020 Long Term Incentive Plan (the "LTIP"). These awards vest after
three years and are subject to TSR, EPS and ESG performance conditions and
continued employment. The awards granted to the Executive Directors will also
be subject to a two-year holding following the date of vesting. These awards
are also inclusive of the one-off 'Accelerator' LTIP award that will vest
subject to the achievement of stretching EPS targets in excess of that
required to trigger maximum vesting of the 'Core' LTIP award.
Name Role No. of Shares over which awards granted
Graham Ritchie Executive Director 268,705
Judith Cottrell Executive Director 186,389
Mike Bell PDMR 43,516
Chester Gryczan PDMR 39,220
Mary Moore PDMR 21,199
Natasha Perfect PDMR 24,034
Harpreet Sagoo PDMR 25,532
Rachel White PDMR 57,726
Clive Wotton PDMR 28,950
2. 2021 Deferred Bonus Plan - grant of deferred bonus awards
Ricardo PLC (the "Company") announces that, on 16 November 2023, conditional
awards over a total of 26,932 Shares were granted to Executive Directors and
other PDMRs as set out below under the terms of the Company's 2021 Deferred
Bonus Plan (the "DBP"). Subject to continuing employment, the awards granted
to the Executive Directors vest after three years and the awards granted to
other PDMRs (with the exception of Mike Bell, Chester Gryczan and Rachel
White, whose awards vest in equal tranches on the first, second and first
anniversaries of grant) vest on the first anniversary of grant. These DBP
awards (which include dividend equivalent entitlements) are not subject to
performance conditions.
Name Role No. of Shares over which awards granted
Graham Ritchie Executive Director 10,452
Mike Bell PDMR 7,299
Chester Gryczan PDMR 6,204
Mary Moore PDMR 277
Natasha Perfect PDMR 220
Rachel White PDMR 1,829
Clive Wotton PDMR 651
3. Current total holdings of awards/options over shares
Following the above notification, 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 holding following this notification Approximate % of Company's issued share capital
Graham Ritchie Executive Director 628,007 1.009%
Judith Cottrell Executive Director 186,389 0.300%
Mike Bell PDMR 107,028 0.172%
Chester Gryczan PDMR 124,439 0.200%
Mary Moore PDMR 42,495 0.068%
Natasha Perfect PDMR 44,105 0.071%
Harpreet Sagoo PDMR 25,532 0.041%
Rachel White PDMR 94,122 0.151%
Clive Wotton PDMR 72,533 0.117%
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 Graham Ritchie
2 Reason for the notification
a) Position/status PDMR: Chief Executive 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 Conditional awards of shares pursuant to the rules of the Ricardo plc 2020
Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 268,705
Nil 10,452
d) Aggregated information
- Aggregated volume
- Price 279,157
Nil
e) Date of the transaction 2023-11-16
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
279,157
Nil
e)
Date of the transaction
2023-11-16
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Judith Cottrell
2 Reason for the notification
a) Position/status PDMR: Chief Finance 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 Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long
Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 186,389
d) Aggregated information
- Aggregated volume
- Price N/A
e) Date of the transaction 2023-11-16
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
2023-11-16
f)
Place of the transaction
Outside a trading venue
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/ 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 Conditional awards of shares pursuant to the rules of the Ricardo plc 2020
Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 43,516
Nil 7,299
d) Aggregated information
- Aggregated volume
- Price 50,815
Nil
e) Date of the transaction 2023-11-16
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
50,815
Nil
e)
Date of the transaction
2023-11-16
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 Conditional awards of shares pursuant to the rules of the Ricardo plc 2020
Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 39,220
Nil 6,204
d) Aggregated information
- Aggregated volume
- Price 45,424
Nil
e) Date of the transaction 2023-11-16
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
45,424
Nil
e)
Date of the transaction
2023-11-16
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Mary Moore
2 Reason for the notification
a) Position/status PDMR: Group People, Team and Organisation Director
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 Conditional awards of shares pursuant to the rules of the Ricardo plc 2020
Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 21,199
Nil 277
d) Aggregated information
- Aggregated volume
- Price 21,476
Nil
e) Date of the transaction 2023-11-16
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Natasha Perfect
2 Reason for the notification
a) Position/status PDMR: Group Marketing and Communications Director
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 Conditional awards of shares pursuant to the rules of the Ricardo plc 2020
Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 24,034
Nil 220
d) Aggregated information
- Aggregated volume
- Price 24,254
Nil
e) Date of the transaction 2023-11-16
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
21,476
Nil
e)
Date of the transaction
2023-11-16
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely
associated
a)
Name
Natasha Perfect
2
Reason for the notification
a)
Position/status
PDMR: Group Marketing and Communications Director
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
Conditional awards of shares pursuant to the rules of the Ricardo plc 2020
Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 24,034
Nil 220
d)
Aggregated information
- Aggregated volume
- Price
24,254
Nil
e)
Date of the transaction
2023-11-16
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Harpreet Sagoo
2 Reason for the notification
a) Position/status PDMR: General Counsel and Company Secretary
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 Conditional awards of shares pursuant to the rules of the Ricardo plc 2020
Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 25,532
d) Aggregated information
- Aggregated volume
- Price N/A
e) Date of the transaction 2023-11-16
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
2023-11-16
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Rachel White
2 Reason for the notification
a) Position/status PDMR: Global President Clean Energy and Environmental Solutions
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 Conditional awards of shares pursuant to the rules of the Ricardo plc 2020
Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 57,726
Nil 1,829
d) Aggregated information
- Aggregated volume
- Price 59,555
Nil
e) Date of the transaction 2023-11-16
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
59,555
Nil
e)
Date of the transaction
2023-11-16
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/ 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 Conditional awards of shares pursuant to the rules of the Ricardo plc 2020
Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 28,950
Nil 651
d) Aggregated information
- Aggregated volume
- Price 29,601
Nil
e) Date of the transaction 2023-11-16
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
29,601
Nil
e)
Date of the transaction
2023-11-16
f)
Place of the transaction
Outside a trading venue
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