REG - Ricardo PLC - Director/PDMR Shareholding
22/11/2024 13:15
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RNS Number : 3743N Ricardo PLC 22 November 2024
Ricardo PLC
Director / PDMR Shareholdings
21 November 2024
London
1. LTIP Cycle 18 Awards - ESG measure
As reported in the 2024 Annual Report and Accounts, the Remuneration Committee
(the "Committee") was in the process of reviewing the approach to the ESG
measure for the awards to be granted under the Ricardo plc 2020 Long Term
Incentive Plan at the time of publication. The ESG measure and target for the
LTIP cycle 18 awards granted on 28 October 2024 have now been determined. This
measure, which will be used to determine whether 10% of each LTIP Award will
vest (the "ESG Portion"), is based on the Company's absolute total validated
CO2e emissions (Scopes 1+2+3). The shares will vest in full where Ricardo's
validated carbon dioxide emissions are equal to or lower than 110,000 metric
tons by the conclusion of the year ending 30 June 2027.
The Committee will keep the operation of the above ESG measure under review
and may make adjustments to ensure that this remains appropriate.
Full details will be included in the Annual Report and Accounts for the year
ending 30 June 2025.
2. 2021 Deferred Bonus Plan - vesting of awards granted in
2023 with a 1-year deferral period
Ricardo PLC (the "Company") announces that, on 18 November 2024, a total of
6,258 ordinary shares of 25 pence each ("Shares") vested in favour of Persons
Discharging Managerial Responsibilities ("PDMRs") under the terms of the
Company's 2021 Deferred Bonus Plan ("DBP"). These awards (which included
dividend entitlements) were granted on 16 November 2023. 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 18 November 2024
Mike Bell PDMR 2,548
Chester Gryczan PDMR 2,165
Natasha Perfect PDMR 228
Rachel White PDMR 637
Clive Wotton PDMR 680
3. Realisation of value of shares
Immediately on vesting of the awards referred to in section 1 above, the PDMRs
realised value in respect of the following Shares at a price of £4.30.
Name Role No. of Shares realised for value on 18 November 2024
Mike Bell PMDR 2,548
Chester Gryczan PDMR 2,165
Natasha Perfect PDMR 108
Rachel White PDMR 637
Clive Wotton PDMR 680
4. 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
Mike Bell PMDR 6,352 0.010%
Chester Gryczan PMDR 0 0.000%
Natasha Perfect PMDR 4,055 0.007%
Rachel White PMDR 2,099 0.003%
Clive Wotton PMDR 0 0.000%
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 16 November 2023 pursuant to the terms of the
Ricardo plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 2,548
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 18 November 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)
£4.30 2,548
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 18 November 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
18 November 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)
£4.30 2,548
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
18 November 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 16 November 2023 pursuant to the terms of the
Ricardo plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 2,165
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 18 November 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)
£4.30 2,165
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 18 November 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
18 November 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)
£4.30 2,165
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
18 November 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 16 November 2023 pursuant to the terms of the
Ricardo plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 228
d) Aggregated information
- Aggregated volume
- Price Not applicable
e) Date of the transaction 18 November 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)
£4.30 108
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 18 November 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
18 November 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)
£4.30 108
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
18 November 2024
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 Present - Clean Energy & 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 Vesting of award granted on 16 November 2023 pursuant to the terms of the
Ricardo plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 637
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 18 November 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)
£4.30 637
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 18 November 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
18 November 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)
£4.30 637
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
18 November 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 16 November 2023 pursuant to the terms of the
Ricardo plc 2021 Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 680
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 18 November 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)
£4.30 680
d) Aggregated information Not applicable
- Aggregated volume
- Price
e) Date of the transaction 18 November 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
18 November 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)
£4.30 680
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
18 November 2024
f)
Place of the transaction
Outside a trading venue
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