REG - Ricardo PLC - Director/PDMR Shareholding
28/10/2024 17:30
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241028:nRSb9349Ja&default-theme=true
RNS Number : 9349J Ricardo PLC 28 October 2024
Ricardo PLC
Director / PDMR Shareholdings
28 October 2024
London
1. 2020 Long Term Incentive Plan - grant of plan cycle 18
awards
Ricardo PLC (the "Company") announces that, on 28 October 2024, conditional
awards over a total of 464,602 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"). The awards will vest
after three years and are subject to TSR, EPS and ESG performance conditions
(details of which will be released once finalised) and continued employment.
The awards granted to the Executive Directors will also be subject to a
two-year holding following the date of vesting.
Name Role No. of Shares over which awards granted
Graham Ritchie Executive Director 178,504
Judith Cottrell Executive Director 116,643
Clive Wotton PDMR 19,370
Harpreet Sagoo PDMR 17,126
Diane Christensen PDMR 15,751
Natasha Perfect PDMR 15,501
Jason O'Donnell PDMR 23,866
Rachel White PDMR 41,497
Chester Gryczan PDMR 36,344
2. 2020 Long Term Incentive Plan - grant of discretionary
retention awards
The Company also announces that, on 28 October 2024, discretionary retention
awards over a total of 10,000 Shares was granted to two PDMRs as set out below
under the terms of the Company's LTIP. These awards will vest on 28 October
2027 and are not subject to any performance conditions.
Name Role No. of Shares over which awards granted
Jason O'Donnell PDMR 5,000
Rachel White PDMR 5,000
3. 2021 Deferred Bonus Plan - grant of deferred bonus awards
Finally, the Company announces that, on 28 October 2024, conditional awards
over a total of 90,630 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, Rachel White, Chester Gryczan and
Richard Guest, whose awards vest in equal tranches on the first, second and
third 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 28,659
Judith Cottrell Executive Director 17,646
Mike Bell PDMR 5,399
Harpreet Sagoo PDMR 4,722
Richard Guest PDMR 6,246
Chester Gryczan PDMR 14,261
Natasha Perfect PDMR 4,991
Rachel White PDMR 2,524
Clive Wotton PDMR 6,182
4. Current total holdings of awards over shares
Following the above notification, the total number of Shares over which the
relevant PDMR holds outstanding awards is set out below:
Name Role Total holding following this notification Approximate % of Company's issued share capital
Graham Ritchie Executive Director 836,064 1.344%
Judith Cottrell Executive Director 320,678 0.515%
Mike Bell PDMR 101,346 0.163%
Clive Wotton PDMR 84,530 0.136%
Harpreet Sagoo PDMR 47,380 0.076%
Diane Christensen PDMR 15,751 0.025%
Natasha Perfect PDMR 64,601 0.104%
Jason O'Donnell PDMR 83,296 0.134%
Rachel White PDMR 143,188 0.230%
Richard Guest PDMR 6,246 0.010%
Chester Gryczan PDMR 147,827 0.238%
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 178,504
Nil 28,659
d) Aggregated information
- Aggregated volume
- Price 207,163
Nil
e) Date of the transaction 2024-10-28
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
207,163
Nil
e)
Date of the transaction
2024-10-28
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 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 116,643
Nil 17,646
d) Aggregated information
- Aggregated volume
- Price 134,289
Nil
e) Date of the transaction 2024-10-28
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
134,289
Nil
e)
Date of the transaction
2024-10-28
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 award of shares pursuant to the rules of the Ricardo plc Ricardo
plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 5,399
d) Aggregated information
- Aggregated volume
- Price N/A
e) Date of the transaction 2024-10-28
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
2024-10-28
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 19,370
Nil 6,182
d) Aggregated information
- Aggregated volume
- Price 25,552
Nil
e) Date of the transaction 2024-10-28
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
25,552
Nil
e)
Date of the transaction
2024-10-28
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 and the Ricardo plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 17,126
Nil 4,722
d) Aggregated information
- Aggregated volume
- Price 21,848
Nil
e) Date of the transaction 2024-10-28
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
21,848
Nil
e)
Date of the transaction
2024-10-28
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Diane Christensen
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 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 15,751
d) Aggregated information
- Aggregated volume
- Price N/A
e) Date of the transaction 2024-10-28
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 15,501
Nil 4,991
d) Aggregated information
- Aggregated volume
- Price 20,492
Nil
e) Date of the transaction 2024-10-28
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
2024-10-28
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 15,501
Nil 4,991
d)
Aggregated information
- Aggregated volume
- Price
20,492
Nil
e)
Date of the transaction
2024-10-28
f)
Place of the transaction
Outside a trading venue
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 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 23,866
Nil 5,000
d) Aggregated information
- Aggregated volume
- Price 28,866
Nil
e) Date of the transaction 2024-10-28
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
28,866
Nil
e)
Date of the transaction
2024-10-28
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 41,497
Nil 2,524
Nil 5,000
d) Aggregated information
- Aggregated volume
- Price 49,021
Nil
e) Date of the transaction 2024-10-28
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
49,021
Nil
e)
Date of the transaction
2024-10-28
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Richard Guest
2 Reason for the notification
a) Position/status PDMR: Managing Director - PP
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 2021
Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 6,246
d) Aggregated information
- Aggregated volume
- Price N/A
e) Date of the transaction 2024-10-28
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
2024-10-28
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 36,344
Nil 14,261
d) Aggregated information
- Aggregated volume
- Price 50,605
Nil
e) Date of the transaction 2024-10-28
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
50,605
Nil
e)
Date of the transaction
2024-10-28
f)
Place of the transaction
Outside a trading venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHZZMZGNRFGDZMRecent news on Ricardo
See all newsREG - Ricardo PLC - Notice of requisition of General Meeting
AnnouncementREG - Science Group PLC Ricardo PLC - Ricardo Investment Update and GM Requisition
AnnouncementREG - Ricardo PLC - Director/PDMR Shareholding
AnnouncementREG - Ricardo PLC - Business and Strategy Update
AnnouncementREG - Ricardo PLC - Director/PDMR Shareholding
Announcement