Director/PDMR Shareholding

RNS Number : 0920V

Ricardo PLC

31 October 2017

 

Ricardo PLC

Director / PDMR Shareholdings

31 October 2017

London

1.         2014 Long Term Incentive Plan - vesting of plan cycle 8

Ricardo PLC (the "Company") announces that, on 30 October 2017, a total of 109,911 ordinary shares of 25 pence each ("Shares") vested in favour of Executive Directors and other Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2014 Long Term Incentive Plan (the "LTIP").  This vesting, details of which are provided below, related to awards that were granted under the LTIP on 29 October 2014 and was subject to the satisfaction of both EPS and TSR performance conditions.

Name	Role	No. of Shares that vested on 30 October 2017
Dave Shemmans	Executive Director	51,293
Ian Gibson	Executive Director	18,160
Mark Garrett	Executive Director	15,849
Mark Barge	PDMR	5,262
James Mills	PDMR	1,281
Markus Doerr	PDMR	8,546
Paul Rivera	PDMR	3,151
Gary Tan	PDMR	6,369

2.         2011 Deferred Bonus Plan - Awards granted in 2014 with a 3 year deferral period

The Company also announces that on 30 October 2017, a total of 34,666 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 29 October 2014. 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 30 October 2017
Dave Shemmans	Executive Director	18,017
Ian Gibson	Executive Director	8,750
Mark Garrett	Executive Director	7,424
Gary Tan	PDMR	475

2.         2011 Deferred Bonus Plan - vesting of "bonus-linked share awards" granted in 2014

The Company also announces that, on 30 October 2017, a total of 23,778 Shares vested in favour of Executive Directors pursuant to "bonus-linked share awards" originally granted under the Company's 2011 Deferred Bonus Plan (the "DBP") on 29 October 2014. These awards correspond to, and were granted at the same time as, the "deferred awards" under the DBP that also vested on 30 October 2017.  The vesting of the bonus-linked share awards, details of which are provided below, was subject to the same performance conditions that applied to the awards granted under cycle 8 of the LTIP.

Name	Role	No. of Shares that vested on 30 October 2017
Dave Shemmans	Executive Director	12,529
Ian Gibson	Executive Director	6,085
Mark Garrett	Executive Director	5,164

3.         Sales of Shares

Following the above vestings, the Executive Directors and other PDMRs sold the Shares set out below on 30 October 2017 at a price of £8.19:

Name	Role	No. of Shares sold on 30 October 2017
Dave Shemmans	Executive Director	81,839
Ian Gibson	Executive Director	15,509
Mark Garrett	Executive Director	13,368
Mark Barge	PDMR	2,474
James Mills	PDMR	1,281
Markus Doerr	PDMR	8,546
Paul Rivera	PDMR	3,151
Gary Tan	PDMR	6,844

4.         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
Dave Shemmans	Executive Director	104,085	0.195%
Ian Gibson	Executive Director	31,256	0.059%
Mark Garrett	Executive Director	133,223	0.249%
Mark Barge	PDMR	8,314	0.016%
James Mills	PDMR	832	0.002%
Markus Doerr	PDMR	0	0%
Paul Rivera	PDMR	9,382	0.018%
Gary Tan	PDMR	0	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	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 awards granted on 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 51,293 £0 18,017 £0 12,529
d)	Aggregated information -   Aggregated volume -   Price	81,839 £0
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)
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) £8.19 81,839
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ian Gibson
2	Reason for the notification
a)	Position/status	PDMR: Chief Financial 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 awards granted on 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 18,160 £0 8,750 £0 6,085
d)	Aggregated information -   Aggregated volume -   Price	32,995 £0
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)
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) £8.19 15,509
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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 awards granted on 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 15,849 £0 7,424 £0 5,164
d)	Aggregated information -   Aggregated volume -   Price	28,437 £0
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)
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) £8.19 13,368
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Barge
2	Reason for the notification
a)	Position/status	PDMR: Managing Director - Performance Products
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 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 5,262
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)
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) £8.19 2,474
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	James Mills
2	Reason for the notification
a)	Position/status	PDMR: Finance Director - Ricardo Automotive (EMEA)
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 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 1,281
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)
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) £8.19 1,281
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Markus Doerr
2	Reason for the notification
a)	Position/status	PDMR: Global Managing Director - Ricardo Strategic Consulting
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 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 8,546
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)
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) £8.19 8,546
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul Rivera
2	Reason for the notification
a)	Position/status	PDMR: President, Ricardo US
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 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 3,151
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)
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) £8.19 3,151
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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 - 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 awards granted on 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 6,369 £0 475
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)
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) £8.19 6,844
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2017-10-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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