Director/PDMR Shareholding

RNS Number : 2148C

Ricardo PLC

07 October 2022

 

Ricardo PLC

Director / PDMR Shareholdings

7 October 2022

London

1.  2020 Long Term Incentive Plan - grant of plan cycle 16 awards

Ricardo PLC (the "Company") announces that, on 6 October 2022 conditional awards over a total of 501,598 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 and EPS performance conditions.

Name	Role	No. of Shares over which awards granted
Graham Ritchie	Executive Director	157,788
Ian Gibson	Executive Director	103,336
Chris Amsden	PDMR	10,476
Mike Bell	PDMR	27,417
Iain Carmichael	PDMR	19,024
Tim Curtis	PDMR	22,476
Thomas DaPolito	PDMR	16,351
Chester Gryczan	PDMR	26,261
Marques McCammon	PDMR	34,685
Alex Pascoe	PDMR	9,682
Ian Rogerson	PDMR	9,970
Patricia Ryan	PDMR	11,260
Adrian Schaffer	PDMR	7,819
Brian Smith	PDMR	14,408
Martin Starkey	PDMR	20,171
Gareth Taylor	PDMR	10,474

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

Ricardo PLC (the "Company") announces that, on 6 October 2022, conditional awards over a total of 82,856 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 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 Marques McCammon, Tim Curtis, Chester Gryczan and Martin Starkey, whose awards vest in equal tranches on the first, second and third 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	22,682
Ian Gibson	Executive Director	17,752
Chris Amsden	PDMR	1,602
Mike Bell	PDMR	5,110
Tim Curtis	PDMR	8,088
Thomas DaPolito	PDMR	2,193
Chester Gryczan	PDMR	3,740
Marques McCammon	PDMR	6,462
Alex Pascoe	PDMR	2,588
Ian Rogerson	PDMR	2,942
Patricia Ryan	PDMR	2,757
Brian Smith	PDMR	1,390
Martin Starkey	PDMR	4,001
Gareth Taylor	PDMR	1,279

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	348,327	0.560%
Ian Gibson	Executive Director	401,574	0.645%
Chris Amsden	PDMR	41,391	0.067%
Mike Bell	PDMR	61,323	0.099%
Iain Carmichael	PDMR	23,524	0.038%
Tim Curtis	PDMR	95,141	0.153%
Thomas DaPolito	PDMR	48,975	0.079%
Chester Gryczan	PDMR	97,474	0.157%
Marques McCammon	PDMR	156,947	0.252%
Alex Pascoe	PDMR	32,197	0.052%
Ian Rogerson	PDMR	42,147	0.068%
Patricia Ryan	PDMR	36,017	0.058%
Adrian Schaffer	PDMR	12,819	0.021%
Brian Smith	PDMR	49,226	0.079%
Martin Starkey	PDMR	81,733	0.131%
Gareth Taylor	PDMR	40,293	0.065%

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 157,788 Nil 22,682
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue

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	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 103,336 Nil 17,752
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Chris Amsden
2	Reason for the notification
a)	Position/status	PDMR: Finance 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	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 10,476 Nil 1,602
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
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 27,417 Nil 5,110
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Iain Carmichael
2	Reason for the notification
a)	Position/status	PDMR: Managing Director - Ricardo Rail
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 19,024
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue
1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tim Curtis
2	Reason for the notification
a)	Position/status	PDMR: Managing Director  - Ricardo Energy and Environment
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 22,476 Nil 8,088
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Thomas DaPolito
2	Reason for the notification
a)	Position/status	PDMR: Chief Financial Officer, 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	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 16,351 Nil 2,193
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
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 26,261 Nil 3,740
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Marques McCammon
2	Reason for the notification
a)	Position/status	PDMR: Managing Director - Automotive & Industrial
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 34,685 Nil 6,462
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Alex Pascoe
2	Reason for the notification
a)	Position/status	PDMR: Group Financial Controller
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 9,682 Nil 2,588
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ian Rogerson
2	Reason for the notification
a)	Position/status	PDMR: Finance Director - Ricardo Energy and Environment
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 9,970 Nil 2,942
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Patricia Ryan
2	Reason for the notification
a)	Position/status	PDMR: Group 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 and the Ricardo plc 2021 Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 11,260 Nil 2,757
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Adrian Schaffer
2	Reason for the notification
a)	Position/status	PDMR: President, Emerging Mobility
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 7,819
d)	Aggregated information -  Aggregated volume -  Price	Not applicable
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Brian Smith
2	Reason for the notification
a)	Position/status	PDMR: VP Finance - 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 14,408 Nil 1,390
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Martin Starkey
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	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 20,171 Nil 4,001
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Gareth Taylor
2	Reason for the notification
a)	Position/status	PDMR: Finance Director - Ricardo Rail
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 10,474 Nil 1,279
d)	Aggregated information -  Aggregated volume -  Price	Not applicable
e)	Date of the transaction	2022-10-06
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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