Director/PDMR Shareholding

RNS Number : 4941U

Ricardo PLC

16 October 2014

 



Ricardo PLC

Director / PDMR Shareholdings

16 October 2014

London

1.         2011 Deferred Bonus Plan - Awards granted in 2013 with a 1 year deferral period

The Company announces that on 16 October 2014, a total of 3,135 Shares vested in favour of PDMRs under the terms of the Company's 2011 Deferred Bonus Plan.  These awards (which included dividend entitlements) were granted on 16 October 2013. They vested following the end of a one year Deferral Period and were not subject to performance conditions. Further details of this vesting are provided below. The remaining awards granted to the PDMRs listed below on 16 October 2013 are expected to vest in 2015 and 2016 at the end of two-year and three-year Deferral Periods respectively.

Name	Role	No. of Shares that vested on 16 October 2014
Martin Fausset	PDMR	1,993
Gary Tan	PDMR	1,142

Immediately on vesting, the Executive Directors realised value in respect of the following shares at a price of £6.315:

Name	Role	No. of Shares realised for value on 16 October 2014
Martin Fausset	PDMR	937
Gary Tan	PDMR	1,142

2.         Net current total holdings of Shares

Following the above notifications, the total holdings of Shares of the relevant PDMRs are as follows:

Name	Role	Total holding following this notification	Approximate % of Company's issued share capital
Martin Fausset	PDMR	1,056	0.002%
Gary Tan	PDMR	0	0.000%

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

 

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