Source - LSE Regulatory
RNS Number : 9531U
Ricardo PLC
28 November 2023
 

Ricardo PLC

 

Director / PDMR Shareholdings

 

28 November 2023

London

 

1.         2020 Long Term Incentive Plan - vesting of plan cycle 14

 

Ricardo PLC (the "Company") announces that, on 27 November 2023, a total of 31,355 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 November 2020. Full details of the Remuneration Committee's assessment of the Company's performance against the vesting conditions will be provided in the 2024 Directors' Remuneration Report.

 

 Name

Role

No. of Shares that vested on 27 November 2023

Mike Bell

PDMR

6,760

Chester Gryczan

PDMR

16,457

Clive Wotton

PDMR

8,138

 

 

2.         Realisation of value of shares

 

Immediately on vesting of the above awards, the PDMRs realised value in respect of the following Shares at a price of £4.65:

 

Name

Role

No. of Shares realised for value on 27 November 2023

Mike Bell

PDMR

3,178

Chester Gryczan

PDMR

16,457

Clive Wotton

PDMR

8,138

 

 

3.         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

Mike Bell

PDMR

6,352

0.010%

Chester Gryczan

PDMR

0

0.000%

Clive Wotton

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

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 pursuant to the terms of the Ricardo 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

6,760

d)

Aggregated information

-   Aggregated volume

-   Price

 

Not applicable

e)

Date of the transaction

2023-11-27

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)

£4.65

3,178

d)

Aggregated information

-   Aggregated volume

-   Price

 

Not applicable

e)

Date of the transaction

2023-11-27

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 pursuant to the terms of the Ricardo 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

16,457

d)

Aggregated information

-   Aggregated volume

-   Price

 

Not applicable

e)

Date of the transaction

2023-11-27

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)

£4.65

16,457

d)

Aggregated information

-   Aggregated volume

-   Price

 

Not applicable

e)

Date of the transaction

2023-11-27

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 pursuant to the terms of the Ricardo 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

8,138

d)

Aggregated information

-   Aggregated volume

-   Price

 

Not applicable

e)

Date of the transaction

2023-11-27

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)

£4.65

8,138

d)

Aggregated information

-   Aggregated volume

-   Price

 

Not applicable

e)

Date of the transaction

2023-11-27

f)

Place of the transaction

Outside a trading venue

 

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