TIDMRCDO

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      Approximate 
                             following this    % of Company's 
                              notification      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/        Initial Notification 
        Amendment 
----  --------------------------  ----------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  ----------------------------------------------- 
  b)   Nature of the               Conditional and retention awards of shares 
        transaction                 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 
                                    Nil 
 
          *    Price 
----  --------------------------  ----------------------------------------------- 
  e)   Date of the transaction     2023-12-15 
----  --------------------------  ----------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  ----------------------------------------------- 
 

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END

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December 18, 2023 05:00 ET (10:00 GMT)

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