Ricardo PLC
11 October 2000
Ricardo plc ('Ricardo' or 'the company') announces that on 10 October 2000,
the following three executive directors sold shares in the company to satisfy
the 40% tax liability arising following the allotment of shares under the LTIP
plan.
Under the LTIP, John Needham was allotted 18,329 Ricardo shares. He
subsequently sold 7,332 of these shares at a price of 505p. Mr Needham's
resultant holding is 10,997 shares, representing 0.0% of the ordinary issued
share capital. In addition, he continues to hold options over 132,769
ordinary shares.
Rodney Westhead was allotted 63,904 Ricardo shares and subsequently sold
25,562 shares at a price of 505p. Mr Westhead's resultant holding is 67,505
shares, representing 0.1% of the ordinary issued share capital. In addition,
he continues to hold options over 294,391 ordinary shares.
Andrew Goodburn was allotted 38,652 Ricardo shares and subsequently sold
15,461 shares at a price of 505p. Mr Goodburn's resultant holding is 59,083
shares, representing 0.1% of the ordinary issued share capital. In addition,
he continues to hold options over 118,493 ordinary shares.
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