Director/PDMR Shareholding

Ricardo PLC

30 October 2024

 

Ricardo PLC

Director / PDMR Shareholdings

30 October 2024

London

1.         2020 Long Term Incentive Plan - vesting of plan cycle 15

Ricardo PLC (the "Company") announces that, on 28 October 2024, a total of 113,142 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 October 2021. Full details of the Remuneration Committee's assessment of the Company's performance against the vesting conditions will be provided in the 2025 Directors' Remuneration Report.

Name	Role	No. of Shares that vested on 28 October 2024
Graham Ritchie	Executive Director	86,726*
Mike Bell	PDMR	4,920
Chester Gryczan	PDMR	11,759
Natasha Perfect	PDMR	4,182
Clive Wotton	PDMR	5,555

*Graham Ritchie's LTIP award is subject to a two-year post-vesting holding period pursuant to the LTIP rules and Directors' Remuneration Policy following which the relevant Shares will be released to him (28 October 2026).

2.         Realisation of value of shares

Immediately on vesting of the above awards, the PDMRs (other than Graham Ritchie) realised value in respect of the following Shares at a price of £4.29:

Name	Role	No. of Shares realised for value on 28 October 2024
Mike Bell	PDMR	4,920
Chester Gryczan	PDMR	11,759
Natasha Perfect	PDMR	1,966
Clive Wotton	PDMR	5,555

3.         Net current total holdings of Shares

Following the above notifications, the Executive Directors' and PDMRs' beneficial interests in the Shares of the Company are as follows:

Name	Role		Approximate % of Company's issued share capital	Outstanding entitlements under the LTIP
		Current Shares		Unvested Awards still subject to performance conditions	Vested Awards subject to a holding period
Graham Ritchie	Executive Director	53,263	0.086%	604,997	86,726
Mike Bell	PDMR	6,352	0.010%	78,933	0
Chester Gryczan	PDMR	0	0%	101,825	0
Natasha Perfect	PDMR	3,935	0.006%	51,291	0
Clive Wotton	PDMR	0	0.000%	66,929	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	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 27 October 2021 pursuant to the terms of the Ricardo 2020 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 4,920
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	28 October 2024
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) £4.29 4,920
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	28 October 2024
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 27 October 2021 pursuant to the terms of the Ricardo 2020 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 11,759
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	28 October 2024
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) £4.29 11,759
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	28 October 2024
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	Vesting of award granted on 27 October 2021 pursuant to the terms of the Ricardo 2020 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 4,182
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	28 October 2024
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) £4.29 1,966
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	28 October 2024
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 27 October 2021 pursuant to the terms of the Ricardo 2020 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 5,555
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	28 October 2024
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) £4.29 5,555
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	28 October 2024
f)	Place of the transaction	Outside a trading venue

 

END