Director/PDMR Shareholding

RNS Number : 7816Q

Ricardo PLC

25 October 2011

Ricardo PLC

Director / PDMR Shareholdings

1. 2006 Long Term Incentive Plan - vesting of plan cycle 2

Ricardo PLC (the "Company") announces that on 24 October 2011, a total of 112,565 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 2011 and was subject to the satisfaction of both EPS and TSR performance conditions:

Name	Role	No. of Shares that vested on 24 October 2011
Dave Shemmans	Executive Director	62,929
Paula Bell	Executive Director	29,760
Mark Garrett	Executive Director	7,866
Peter Heuser	PDMR	8,515
Markus Doerr	PDMR	3,495

Following the vesting, a total of 57,952 of the above Shares were sold at a price of £3.565 per Share on behalf of the Executive Directors and other PDMRs on 24 October 2011 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 24 October 2011
Dave Shemmans	Executive Director	32,724
Paula Bell	Executive Director	15,476
Mark Garrett	Executive Director	4,091
Peter Heuser	PDMR	4,088
Markus Doerr	PDMR	1,573

2. Deferred Bonus Plan - Awards granted in 2008

The Company also announces that on 24 October 2011, a total of 66,890 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 24 October 2011
Dave Shemmans	Executive Director	23,188
Paula Bell	Executive Director	13,241
Mark Garrett	Executive Director	5,621
Peter Heuser	PDMR	2,562
Kent Niederhofer	PDMR	1,322
Markus Doerr	PDMR	20,956

A total of 33,872 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	11,130
Paula Bell	Executive Director	6,355
Mark Garrett	Executive Director	2,698
Peter Heuser	PDMR	1,332
Kent Niederhofer	PDMR	832
Markus Doerr	PDMR	11,525

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	139,218	0.27%
Paula Bell	Executive Director	51,859	0.10%
Mark Garrett	Executive Director	13,098	0.03%
Peter Heuser	PDMR	9,641	0.02%
Kent Niederhofer	PDMR	832	0.002%
Markus Doerr	PDMR	61,225	0.12%