Director/PDMR Shareholding

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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