TIDMRCDO
RNS Number : 3479Q
Ricardo PLC
26 October 2021
Ricardo PLC
Director / PDMR Shareholdings
27 October 2021
London
1. 2011 Deferred Bonus Plan - vesting of awards granted in 2018 with a 3 year deferral period
Ricardo PLC (the "Company") announces that, on 25 October 2021,
a total of 13,196 ordinary shares of 25 pence each ("Shares")
vested in favour of an Executive Director and other Persons
Discharging Managerial Responsibilities ("PDMRs") under the terms
of the Company's 2011 Deferred Bonus Plan ("DBP"). These awards
(which included dividend entitlements) were granted on 25 October
2018. They vested following the end of a three 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 25 October 2021
Executive
Ian Gibson Director 10,416
----------- --------------------------
Tim Curtis PDMR 120
----------- --------------------------
Paul Seller PDMR 1,026
----------- --------------------------
Gary Tan PDMR 1,634
----------- --------------------------
2. 2011 Deferred Bonus Plan - vesting of awards granted in 2019
with a 2 year deferral period
The Company also announces that on 25 October 2021, a total of
3,318 Shares vested in favour of certain PDMRs under the terms of
the DBP. These awards (which included dividend entitlements) were
granted on 24 October 2019. 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 25 October 2021
Paul Seller PDMR 355
------ --------------------------
Tim Curtis PDMR 1,146
------ --------------------------
Chester Gryczan PDMR 1,192
------ --------------------------
Gary Tan PDMR 625
------ --------------------------
3. Lapse of awards granted in 2018
The Company also announces that the remuneration committee of
its board of directors has completed its assessment of the
performance conditions governing:
-- the LTIP cycle 12 awards that had originally been granted to
the Executive Directors and PDMRs on 25 October 2018 under the
Company's 2014 Long Term Incentive Plan; and
-- the bonus-linked share awards that had originally been
granted to the Executive Directors and PDMRs on 25 October 2018
under the DBP,
and concluded that these awards would lapse immediately and
cease to exist.
4. Realisation of value of shares
Immediately on vesting of the above awards, the Executive
Director and other PDMRs realised value in respect of the following
Shares at a price of GBP4.27:
Name Role No. of Shares realised for value
on 25 October 2021
Executive
Ian Gibson Director 4,896
----------- ---------------------------------
Tim Curtis PDMR 1,266
----------- ---------------------------------
Chester Gryczan PDMR 1,192
----------- ---------------------------------
Paul Seller PDMR 1,381
----------- ---------------------------------
Gary Tan PDMR 0
----------- ---------------------------------
5. 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 Approximate %
following this of Company's
notification issued share
capital
Executive
Ian Gibson Director 60,854 0.098%
----------- ---------------- --------------
Tim Curtis PDMR 1,079 0.002%
----------- ---------------- --------------
Chester Gryczan PDMR 0 0.000%
----------- ---------------- --------------
Paul Seller PDMR 0 0.000%
----------- ---------------- --------------
Gary Tan PDMR 4,509 0.007%
----------- ---------------- --------------
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 Ian Gibson
---- -------------------------- -----------------------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------------------
a) Position/status PDMR: Chief Financial Officer
---- -------------------------- -----------------------------------------------
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 Vesting of award granted on 25 October 2018
transaction pursuant to the terms of the Ricardo plc 2011
Deferred Bonus Plan
---- -------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 10,416
---------- ----------
---- -------------------------- -----------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable
* Price
---- -------------------------- -----------------------------------------------
e) Date of the transaction 2021-10-25
---- -------------------------- -----------------------------------------------
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 Ordinary shares of 25p each ("Shares")
the financial
instrument, type
of instrument
----
Identification GB0007370074
code
---- -------------------------- -----------------------------------------------
b) Nature of the Shares realised for value
transaction
---- -------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP4.27 4,896
---------- ----------
---- -------------------------- -----------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -----------------------------------------------
e) Date of the transaction 2021-10-25
---- -------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------
a) Name Tim Curtis
---- -------------------------- --------------------------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------------
a) Position/status PDMR: Managing Director - Energy and Environment
---- -------------------------- --------------------------------------------------
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 Vesting of awards granted on 25 October 2018
transaction and 24 October 2019 pursuant to the terms of
the Ricardo plc 2011 Deferred Bonus Plan
---- -------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 1,146
---------- ----------
GBP0 120
---------- ----------
---- -------------------------- --------------------------------------------------
d) Aggregated information
* Aggregated volume
1,266
GBP0
* Price
---- -------------------------- --------------------------------------------------
e) Date of the transaction 2021-10-25
---- -------------------------- --------------------------------------------------
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 Ordinary shares of 25p each ("Shares")
the financial
instrument, type
of instrument
----
Identification GB0007370074
code
---- -------------------------- --------------------------------------------------
b) Nature of the Shares realised for value
transaction
---- -------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP4.27 1,266
---------- ----------
---- -------------------------- --------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- --------------------------------------------------
e) Date of the transaction 2021-10-25
---- -------------------------- --------------------------------------------------
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/ 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 Vesting of award granted on 24 October 2019
transaction pursuant to the Ricardo plc 2011 Deferred Bonus
Plan
---- -------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 1,192
---------- ----------
---- -------------------------- -------------------------------------------------
d) Aggregated information
* Aggregated volume
Not applicable
* Price
---- -------------------------- -------------------------------------------------
e) Date of the transaction 2021-10-25
---- -------------------------- -------------------------------------------------
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 Ordinary shares of 25p each ("Shares")
the financial
instrument, type
of instrument
----
Identification GB0007370074
code
---- -------------------------- -------------------------------------------------
b) Nature of the Shares realised for value
transaction
---- -------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP4.27 1,192
---------- ----------
---- -------------------------- -------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -------------------------------------------------
e) Date of the transaction 2021-10-25
---- -------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Paul Seller
---- -------------------------- ----------------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------------
a) Position/status PDMR: Managing Director - Ricardo Rail
---- -------------------------- ----------------------------------------------
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 Vesting of awards granted on 25 October 2018
transaction and 24 October 2019 pursuant to the terms of
the Ricardo plc 2011 Deferred Bonus Plan
---- -------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 1,026
---------- ----------
GBP0 355
---------- ----------
---- -------------------------- ----------------------------------------------
d) Aggregated information
* Aggregated volume
1,381
GBP0
* Price
---- -------------------------- ----------------------------------------------
e) Date of the transaction 2021-10-25
---- -------------------------- ----------------------------------------------
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 Ordinary shares of 25p each ("Shares")
the financial
instrument, type
of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------------
b) Nature of the Shares realised for value
transaction
---- -------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP4.27 1,381
---------- ----------
---- -------------------------- ----------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------------
e) Date of the transaction 2021-10-25
---- -------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
--------------------------------------------------------------------------
a) Name Gary Tan
---- -------------------------- ----------------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------------
a) Position/status PDMR: Managing Director - Asia
---- -------------------------- ----------------------------------------------
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 Vesting of awards granted on 25 October 2018
transaction and 24 October 2019 pursuant to the terms of
the Ricardo plc 2011 Deferred Bonus Plan
---- -------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0 1,634
---------- ----------
GBP0 625
---------- ----------
---- -------------------------- ----------------------------------------------
d) Aggregated information
* Aggregated volume
2,259
GBP0
* Price
---- -------------------------- ----------------------------------------------
e) Date of the transaction 2021-10-25
---- -------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- ----------------------------------------------
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END
DSHMZMZGNVVGMZM
(END) Dow Jones Newswires
October 26, 2021 13:17 ET (17:17 GMT)
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