REG - Ricardo PLC - Director/PDMR Shareholding
30/10/2024 10:30
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RNS Number : 2447K Ricardo PLC 30 October 2024
Ricardo PLC
Director / PDMR Shareholdings
30 October 2024
London
1. 2020 Long Term Incentive Plan - vesting of plan cycle 15
Ricardo PLC (the "Company") announces that, on 28 October 2024, a total of
113,142 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 October 2021. Full details of the Remuneration Committee's
assessment of the Company's performance against the vesting conditions will be
provided in the 2025 Directors' Remuneration Report.
Name Role No. of Shares that vested on 28 October 2024
Graham Ritchie Executive Director 86,726*
Mike Bell PDMR 4,920
Chester Gryczan PDMR 11,759
Natasha Perfect PDMR 4,182
Clive Wotton PDMR 5,555
*Graham Ritchie's LTIP award is subject to a two-year post-vesting holding
period pursuant to the LTIP rules and Directors' Remuneration Policy following
which the relevant Shares will be released to him (28 October 2026).
2. Realisation of value of shares
Immediately on vesting of the above awards, the PDMRs (other than Graham
Ritchie) realised value in respect of the following Shares at a price of
£4.29:
Name Role No. of Shares realised for value on 28 October 2024
Mike Bell PDMR 4,920
Chester Gryczan PDMR 11,759
Natasha Perfect PDMR 1,966
Clive Wotton PDMR 5,555
3. Net current total holdings of Shares
Following the above notifications, the Executive Directors' and PDMRs'
beneficial interests in the Shares of the Company are as follows:
Name Role Approximate % of Company's issued share capital Outstanding entitlements under the LTIP
Current Shares Unvested Awards still subject to performance conditions Vested Awards subject to a holding period
Graham Ritchie Executive Director 53,263 0.086% 604,997 86,726
Mike Bell PDMR 6,352 0.010% 78,933 0
Chester Gryczan PDMR 0 0% 101,825 0
Natasha Perfect PDMR 3,935 0.006% 51,291 0
Clive Wotton PDMR 0 0.000% 66,929 0
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/ 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 27 October 2021 pursuant to the terms of the
Ricardo 2020 Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,920
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 28 October 2024
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)
£4.29 4,920
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 28 October 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
28 October 2024
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)
£4.29 4,920
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
28 October 2024
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 27 October 2021 pursuant to the terms of the
Ricardo 2020 Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 11,759
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 28 October 2024
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)
£4.29 11,759
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 28 October 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
28 October 2024
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)
£4.29 11,759
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
28 October 2024
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 Vesting of award granted on 27 October 2021 pursuant to the terms of the
Ricardo 2020 Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,182
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 28 October 2024
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)
£4.29 1,966
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 28 October 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
28 October 2024
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)
£4.29 1,966
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
28 October 2024
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 Vesting of award granted on 27 October 2021 pursuant to the terms of the
Ricardo 2020 Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 5,555
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 28 October 2024
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)
£4.29 5,555
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 28 October 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
28 October 2024
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)
£4.29 5,555
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
28 October 2024
f)
Place of the transaction
Outside a trading venue
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