Director/PDMR Shareholding

RNS Number : 3870R

Ricardo PLC

16 November 2012

 



Ricardo PLC

Director / PDMR Shareholdings

1.         2006 Long Term Incentive Plan - vesting of plan cycle 3

Ricardo PLC (the "Company") announces that on 15 November 2012, a total of 101,217 ordinary shares of 25 pence each in the Company ("Shares") vested in favour of Executive Directors and other Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2006 Long Term Incentive Plan (the "Plan").  This vesting, details of which are provided below, related to awards that were granted under the Plan on 21 October 2009 and was subject to the satisfaction of both EPS and TSR performance conditions. Ordinarily, these awards would have vested on the third anniversary of the date of award in October 2012. However, such vesting was delayed due to the recent prohibited period (which expired on 8 November 2012) arising from the Company's acquisition of the business, operating assets and employees engaged in the business of AEA Technology Plc, a subsidiary of AEA Technology Group plc.

Name	Role	No. of Shares that vested on 15 November 2012
Dave Shemmans	Executive Director	43,652
Paula Bell	Executive Director	24,286
Mark Garrett	Executive Director	18,723
Markus Doerr	PDMR	14,556

Following the vesting, a total of 59,621 of the above Shares were sold at a price of £3.5868 per Share on behalf of the Executive Directors and other PDMRs on 16 November 2012.  Details of these sales are set out below:

Name	Role	No. of Shares sold on 16 November 2012
Dave Shemmans	Executive Director	22,700
Paula Bell	Executive Director	12,629
Mark Garrett	Executive Director	9,736
Markus Doerr	PDMR	14,556

2.         Net current total holdings of Shares

Following the above notifications, the total holdings of Shares of the relevant Executive Directors and other PDMRs are as follows:

Name	Role	Total holding following this notification	Approximate % of Company's issued share capital
Dave Shemmans	Executive Director	160,170	0.31%
Paula Bell	Executive Director	63,516	0.12%
Mark Garrett	Executive Director	22,085	0.04%
Markus Doerr	PDMR	61,225	0.12%

The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.

 

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