Director / PDMR Shareholdings

RNS Number : 6555U

Ricardo PLC

19 October 2010

 



Ricardo PLC

Director / PDMR Shareholdings

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

Ricardo PLC (the "Company") announces that on 18 October 2010, a total of 59,682 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.  This vesting (which included dividend entitlements), details of which are provided below, related to the three year Plan cycle ending in June 2010 and was subject to the satisfaction of both EPS and TSR performance conditions:

Name	Role	No. of Shares that vested on 18 October 2010
Dave Shemmans	Executive Director	39,708
Paula Bell	Executive Director	15,005
Peter Heuser	PDMR	4,969

Following the vesting, a total of 30,291 of the above Shares were sold at a price of £3.04 per Share on behalf of the Executive Directors and other PDMRs on 18 October 2010 in order to account for tax payable on the vesting.  Details of these sales are set out below:

Name	Role	No. of Shares sold on 18 October 2010
Dave Shemmans	Executive Director	20,252
Paula Bell	Executive Director	7,653
Peter Heuser	PDMR	2,386

2.         Deferred Bonus Plan - Awards granted in 2007

The Company also announces that on 18 October 2010, a total of 35,402 Shares vested in favour of Executive Directors and other PDMRs under the terms of the Company's Deferred Bonus Plan.  These awards (which included dividend entitlements), details of which are provided below, vested following the end of a three year Deferral Period and were not subject to performance conditions.

Name	Role	No. of Shares that vested on 18 October 2010
Dave Shemmans	Executive Director	21,473
Paula Bell	Executive Director	8,368
Mark Garrett	Executive Director	3,062
Peter Heuser	PDMR	2,499

A total of 17,420 Shares are being delivered to the above participants in the Deferred Bonus Plan following deductions for tax. Details as follows:

Name	Role	No. of Shares to be transferred to Executive Directors / PDMRs following tax deductions
Dave Shemmans	Executive Director	10,521
Paula Bell	Executive Director	4,100
Mark Garrett	Executive Director	1,500
Peter Heuser	PDMR	1,299

3.         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	97,883	0.19%
Paula Bell	Executive Director	31,220	0.06%
Mark Garrett	Executive Director	6,625	0.01%
Peter Heuser	PDMR	3,882	0.01%

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

 

END

 

 

RDSMLBATMBABBFM