Source - RNS
RNS Number : 7220M
Ricardo PLC
17 October 2016
 

Ricardo PLC

 

Director / PDMR Shareholdings

 

17 October 2016

London

 

1.         2011 Deferred Bonus Plan - Awards granted in 2013 with a 3 year deferral period

 

The Company announces that on 17 October 2016, a total of 54,478 Shares vested in favour of Executive Directors and other Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2011 Deferred Bonus Plan.  These awards (which included dividend entitlements) were granted on 16 October 2013. 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 17 October 2016

Mark Garrett

Executive Director

16,675

Dave Shemmans

Executive Director

36,613

Gary Tan

PDMR

1,190

 

 

Immediately on vesting, the PDMRs sold the Shares set out below at a price of £10.10:

 

Name

Role

No. of Shares sold on 17 October 2016

Mark Garrett

Executive Director

7,838

Dave Shemmans

Executive Director

36,613

Gary Tan

PDMR

1,190

 

2.         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 following this notification

Approximate % of Company's issued share capital

Mark Garrett

Executive Director

97,858

0.184%

Dave Shemmans

Executive Director

104,085

0.196%

Gary Tan

PDMR

0

0.000%

 

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

Mark Garrett

2

Reason for the notification

a)

Position/status

PDMR: Chief Operating 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

Acquisition of Shares following the vesting of an award granted on 16 October 2013 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

16,675

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2016-10-17

f)

Place of the transaction

London Stock Exchange

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£10.10

7,838

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2016-10-17

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Dave Shemmans

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

Acquisition of Shares following the vesting of an award granted on 16 October 2013 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

36,613

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2016-10-17

f)

Place of the transaction

London Stock Exchange

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£10.10

36,613

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2016-10-17

f)

Place of the transaction

London Stock Exchange

 

 

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 - Ricardo Asia

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

Acquisition of Shares following the vesting of an award granted on 16 October 2013 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

1,190

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2016-10-17

f)

Place of the transaction

London Stock Exchange

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£10.10

1,190

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2016-10-17

f)

Place of the transaction

London Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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