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Ricardo Plc
Ricardo PLC - Director/PDMR Shareholding
30th October 2024, 10:28
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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

-   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

-   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

-   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

-   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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