Ricardo PLC
Director / PDMR
Shareholdings
28 October 2024
London
1.
2020 Long Term Incentive Plan - grant of plan cycle 18
awards
Ricardo PLC (the "Company") announces that, on 28 October
2024, conditional awards over a total of 464,602 shares of 25 pence each in the Company
("Shares") were granted to
Executive Directors and other Persons Discharging Managerial
Responsibility ("PDMRs") as
set out below under the terms of the Company's 2020 Long Term
Incentive Plan (the "LTIP"). The awards will vest after
three years and are subject to TSR, EPS and ESG performance
conditions (details of which will be released once finalised) and
continued employment. The awards granted to the Executive Directors
will also be subject to a two-year holding following the date of
vesting.
|
Name
|
Role
|
No. of Shares over which awards
granted
|
|
Graham
Ritchie
|
Executive
Director
|
178,504
|
|
Judith
Cottrell
|
Executive
Director
|
116,643
|
|
Clive
Wotton
|
PDMR
|
19,370
|
|
Harpreet
Sagoo
|
PDMR
|
17,126
|
|
Diane
Christensen
|
PDMR
|
15,751
|
|
Natasha
Perfect
|
PDMR
|
15,501
|
|
Jason
O'Donnell
|
PDMR
|
23,866
|
|
Rachel
White
|
PDMR
|
41,497
|
|
Chester
Gryczan
|
PDMR
|
36,344
|
2.
2020 Long Term Incentive
Plan - grant of discretionary retention awards
The Company also announces that, on
28 October 2024, discretionary retention awards
over a total of 10,000 Shares was granted to two PDMRs
as set out below under the terms of the Company's LTIP. These
awards will vest on 28 October 2027 and are not subject to any
performance conditions.
|
Name
|
Role
|
No. of Shares over which awards
granted
|
|
Jason
O'Donnell
|
PDMR
|
5,000
|
|
Rachel
White
|
PDMR
|
5,000
|
3.
2021 Deferred Bonus Plan - grant of deferred bonus
awards
Finally, the Company announces that, on 28
October 2024, conditional awards over a total of
90,630 Shares were granted to
Executive Directors and other PDMRs as set out below under the
terms of the Company's 2021 Deferred Bonus Plan (the "DBP"). Subject to continuing
employment, the awards granted to the Executive Directors vest
after three years and the awards granted to other PDMRs (with the
exception of Mike Bell, Rachel White, Chester Gryczan and Richard
Guest, whose awards vest in equal tranches on the first, second and
third anniversaries of grant) vest on the first anniversary of
grant. These DBP awards (which include dividend equivalent
entitlements) are not subject to performance conditions.
|
Name
|
Role
|
No. of Shares over which awards
granted
|
|
Graham
Ritchie
|
Executive
Director
|
28,659
|
|
Judith
Cottrell
|
Executive
Director
|
17,646
|
|
Mike Bell
|
PDMR
|
5,399
|
|
Harpreet
Sagoo
|
PDMR
|
4,722
|
|
Richard
Guest
|
PDMR
|
6,246
|
|
Chester
Gryczan
|
PDMR
|
14,261
|
|
Natasha
Perfect
|
PDMR
|
4,991
|
|
Rachel
White
|
PDMR
|
2,524
|
|
Clive
Wotton
|
PDMR
|
6,182
|
4. Current total holdings of awards over
shares
Following the above notification, the total
number of Shares over which the relevant PDMR holds outstanding
awards is set out below:
|
Name
|
Role
|
Total holding following this
notification
|
Approximate % of Company's issued share
capital
|
|
Graham
Ritchie
|
Executive Director
|
836,064
|
1.344%
|
|
Judith
Cottrell
|
Executive Director
|
320,678
|
0.515%
|
|
Mike Bell
|
PDMR
|
101,346
|
0.163%
|
|
Clive
Wotton
|
PDMR
|
84,530
|
0.136%
|
|
Harpreet
Sagoo
|
PDMR
|
47,380
|
0.076%
|
|
Diane
Christensen
|
PDMR
|
15,751
|
0.025%
|
|
Natasha
Perfect
|
PDMR
|
64,601
|
0.104%
|
|
Jason
O'Donnell
|
PDMR
|
83,296
|
0.134%
|
|
Rachel
White
|
PDMR
|
143,188
|
0.230%
|
|
Richard
Guest
|
PDMR
|
6,246
|
0.010%
|
|
Chester
Gryczan
|
PDMR
|
147,827
|
0.238%
|
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
|
Graham Ritchie
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR: Chief Executive
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
|
Conditional awards of shares
pursuant to the rules of the Ricardo plc 2020 Long Term Incentive
Plan and the Ricardo plc 2021 Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
178,504
|
|
Nil
|
28,659
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
207,163
Nil
|
|
e)
|
Date of the transaction
|
2024-10-28
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Judith Cottrell
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR: Chief Finance
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
|
Conditional awards of shares
pursuant to the rules of the Ricardo plc 2020 Long Term Incentive
Plan and the Ricardo plc 2021 Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
116,643
|
|
Nil
|
17,646
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
134,289
Nil
|
|
e)
|
Date of the transaction
|
2024-10-28
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
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
|
Conditional award of shares pursuant
to the rules of the Ricardo plc Ricardo plc 2021 Deferred Bonus
Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
5,399
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
e)
|
Date of the transaction
|
2024-10-28
|
|
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
|
Conditional awards of shares
pursuant to the rules of the Ricardo plc 2020 Long Term Incentive
Plan and the Ricardo plc 2021 Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
19,370
|
|
Nil
|
6,182
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
25,552
Nil
|
|
e)
|
Date of the transaction
|
2024-10-28
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Harpreet Sagoo
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR: General Counsel and Company
Secretary
|
|
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
|
Conditional awards of shares
pursuant to the rules of the Ricardo plc 2020 Long Term Incentive
Plan and the Ricardo plc 2021 Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
17,126
|
|
Nil
|
4,722
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
21,848
Nil
|
|
e)
|
Date of the transaction
|
2024-10-28
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Diane Christensen
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR: Group People, Team and
Organisation 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
|
Conditional award of shares pursuant
to the rules of the Ricardo plc 2020 Long Term Incentive
Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
15,751
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
e)
|
Date of the transaction
|
2024-10-28
|
|
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
|
Conditional awards of shares
pursuant to the rules of the Ricardo plc 2020 Long Term Incentive
Plan and the Ricardo plc 2021 Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
15,501
|
|
Nil
|
4,991
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
20,492
Nil
|
|
e)
|
Date of the transaction
|
2024-10-28
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
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/
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
|
Conditional awards of shares
pursuant to the rules of the Ricardo plc 2020 Long Term Incentive
Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
23,866
|
|
Nil
|
5,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
28,866
Nil
|
|
e)
|
Date of the transaction
|
2024-10-28
|
|
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 President Clean Energy
and 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
|
Conditional awards of shares
pursuant to the rules of the Ricardo plc 2020 Long Term Incentive
Plan and the Ricardo plc 2021 Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
41,497
|
|
Nil
|
2,524
|
|
Nil
|
5,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
49,021
Nil
|
|
e)
|
Date of the transaction
|
2024-10-28
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Richard Guest
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR: Managing Director -
PP
|
|
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
|
Conditional award of shares pursuant
to the rules of the Ricardo plc 2021 Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
6,246
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
e)
|
Date of the transaction
|
2024-10-28
|
|
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
|
Conditional awards of shares
pursuant to the rules of the Ricardo plc 2020 Long Term Incentive
Plan and the Ricardo plc 2021 Deferred Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
36,344
|
|
Nil
|
14,261
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
50,605
Nil
|
|
e)
|
Date of the transaction
|
2024-10-28
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|