Ricardo PLC Director/PDMR Shareholding
30 Oktober 2024 - 11:28AM
RNS Regulatory News
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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