Source - LSE Regulatory
RNS Number : 9897T
Ricardo PLC
20 November 2023
 

Ricardo PLC

 

Director / PDMR Shareholdings

 

20 November 2023

London

 

1.         2020 Long Term Incentive Plan - grant of plan cycle 17 awards

 

Ricardo PLC (the "Company") announces that, on 16 November 2023 conditional awards over a total of 695,271 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"). These awards vest after three years and are subject to TSR, EPS and ESG performance conditions and continued employment. The awards granted to the Executive Directors will also be subject to a two-year holding following the date of vesting. These awards are also inclusive of the one-off 'Accelerator' LTIP award that will vest subject to the achievement of stretching EPS targets in excess of that required to trigger maximum vesting of the 'Core' LTIP award.

 

Name

Role

No. of Shares over which awards granted

Graham Ritchie

Executive Director

268,705

Judith Cottrell

Executive Director

186,389

Mike Bell

PDMR

43,516

Chester Gryczan

PDMR

39,220

Mary Moore

PDMR

21,199

Natasha Perfect

PDMR

24,034

Harpreet Sagoo

PDMR

25,532

Rachel White

PDMR

57,726

Clive Wotton

PDMR

28,950

 

 

2.         2021 Deferred Bonus Plan - grant of deferred bonus awards

 

Ricardo PLC (the "Company") announces that, on 16 November 2023, conditional awards over a total of 26,932 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, Chester Gryczan and Rachel White, whose awards vest in equal tranches on the first, second and first 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

10,452

Mike Bell

PDMR

7,299

Chester Gryczan

PDMR

 6,204

Mary Moore

 PDMR

277

Natasha Perfect

PDMR

220

Rachel White

PDMR

1,829

Clive Wotton

PDMR

651

 

 

3. Current total holdings of awards/options over shares

 

Following the above notification, the total number of Shares over which the relevant Executive Directors and other PDMRs hold outstanding awards / options is set out below:

 

 Name

Role

Total holding following this notification

Approximate % of Company's issued share capital

Graham Ritchie

Executive Director

628,007

1.009%

Judith Cottrell

Executive Director

186,389

0.300%

Mike Bell

PDMR

107,028

0.172%

Chester Gryczan

PDMR

124,439

0.200%

Mary Moore

PDMR

42,495

0.068%

Natasha Perfect

PDMR

44,105

0.071%

Harpreet Sagoo

PDMR

25,532

0.041%

Rachel White

PDMR

94,122

0.151%

Clive Wotton

PDMR

72,533

0.117%

 

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

268,705

Nil

10,452

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

279,157
 Nil

e)

Date of the transaction

2023-11-16

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 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

186,389

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 N/A

e)

Date of the transaction

2023-11-16

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 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

43,516

Nil

7,299

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 50,815
 Nil

e)

Date of the transaction

2023-11-16

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

39,220

Nil

6,204

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 45,424
 Nil

e)

Date of the transaction

2023-11-16

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mary Moore

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 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

21,199

Nil

277

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 21,476
 Nil

e)

Date of the transaction

2023-11-16

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

24,034

Nil

220

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 24,254
 Nil

e)

Date of the transaction

2023-11-16

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

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

25,532

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 N/A

e)

Date of the transaction

2023-11-16

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

57,726

Nil

1,829

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 59,555
 Nil

e)

Date of the transaction

2023-11-16

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

28,950

Nil

651

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 29,601
 Nil

e)

Date of the transaction

2023-11-16

f)

Place of the transaction

Outside a trading venue

 

 

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