Director/PDMR Shareholding

RNS Number : 1830B

Ricardo PLC

21 October 2009

Ricardo PLC

Director / PDMR Shareholdings

1. 1996 Long Term Incentive Plan - vesting of plan cycle 11

Ricardo PLC (the "Company") announces that on 20 October 2009, a total of 81,721 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 1996 Long Term Incentive Plan (the "1996 Plan"). This vesting, details of which are provided below, related to the three year Plan cycle ending in June 2009 and was subject to the satisfaction of TSR performance conditions:

Name	Role	No. of Shares that vested on 20 October 2009
Dave Shemmans	Executive Director	54,913
Paula Bell	Executive Director	19,382
Paul McNamara	PDMR	7,426

Following the vesting, a total of 33,507 of the above Shares were sold at a price of £2.42 per Share on behalf of the Executive Directors and other PDMR on 20 October 2009 in order to account for tax payable on the vesting. In addition, Paul McNamara, a PDMR, sold a further 2,200 Shares on 20 October 2009 at a price of £2.43 per Share. Details of these sales are set out below:

Name	Role	No. of Shares sold on 20 October 2009
Dave Shemmans	Executive Director	22,515
Paula Bell	Executive Director	7,947
Paul McNamara	PDMR	5,245

Following the above notifications, the total holdings of Shares of the relevant Executive Directors and other PDMR are as follows:

Name	Role	Total holding following this notification	Approximate % of Company's issued share capital
Dave Shemmans	Executive Director	67,906	0.13%
Paula Bell	Executive Director	19,768	0.04%
Paul McNamara	PDMR	5,431	0.01%

2. 2006 Long Term Incentive Plan - grant of plan cycle 2

The Company also announces that, on 21 October 2009, conditional awards over a total of 327,447 Shares were granted to Executive Directors and other PDMRs under the terms of the Company's 2006 Long Term Incentive Plan (the "2006 Plan"), as set out below. These awards vest after three years and are subject to TSR and EPS performance conditions.

Name	Role	No. of Shares over which awards granted
Dave Shemmans	Executive Director	124,188
Paula Bell	Executive Director	69,094
Mark Garrett	Executive Director	53,267
Paul McNamara	PDMR	18,262
Peter Heuser	PDMR	21,224
Markus Dörr	PDMR	41,412

Following the above notifications, 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 no. of Shares subject to awards and options now held	Approximate % of Company's issued share capital
Dave Shemmans	Executive Director	462,631	0.90%
Paula Bell	Executive Director	207,342	0.40%
Mark Garrett	Executive Director	92,618	0.18%
Paul McNamara	PDMR	66,846	0.13%
Peter Heuser	PDMR	54,320	0.11%
Markus Dörr	PDMR	161,470	0.31%