REG - Ricardo PLC - Director/PDMR Shareholding

RicardoAnnouncement

18/12/2023 10:15

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RNS Number : 1454X  Ricardo PLC  18 December 2023

Ricardo PLC

 

Director / PDMR Shareholdings

 

18 December 2023

London

 

1.         2020 Long Term Incentive Plan - grant of plan cycle 17B
awards

 

Ricardo PLC (the "Company") announces that, on 15 December 2023, a conditional
award over a total of 24,514 shares of 25 pence each in the Company ("Shares")
was granted to Jason O'Donnell, a Person Discharging Managerial Responsibility
("PDMR") as set out below under the terms of the Company's 2020 Long Term
Incentive Plan (the "LTIP"). The award will vest on 16 November 2026 and is
subject to TSR, EPS and ESG performance conditions and continued employment.
The award is 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
 Jason O'Donnell  PDMR  24,514

 

 

2.         2020 Long Term Incentive Plan - grant of discretionary
retention awards

 

The Company also announces that, on 15 December 2023, a discretionary
retention award over a total of 15,000 Shares was granted to Jason O'Donnell,
a PDMR, as set out below under the terms of the Company's LTIP. This award
will vest on 16 November 2026 and is not subject to any performance
conditions.

 

 Name             Role  No. of Shares over which awards granted
 Jason O'Donnell  PDMR  15,000

 

 

 

3. Current total holdings of awards/options over shares

 

Following the above notification, the total number of Shares over which the
relevant PDMR holds outstanding awards / options is set out below:

 

  Name            Role  Total holding following this notification  Approximate % of Company's issued share capital
 Jason O'Donnell  PDMR  54,430                                     0.087%

 

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                                                         Jason O'Donnell
 2   Reason for the notification
 a)  Position/status                                              PDMR: Managing Director - Global A&I
 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 and retention 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       24,514
                                                                  Nil       15,000
 d)  Aggregated information

     -   Aggregated volume                                        39,514

     -   Price                                                    Nil
 e)  Date of the transaction                                      2023-12-15
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-   Aggregated volume

-   Price

 

39,514

Nil

e)

Date of the transaction

2023-12-15

f)

Place of the transaction

Outside a trading venue

 

 

 

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