Director/PDMR Shareholding

RNS Number : 1213G

Ricardo PLC

18 November 2015

Ricardo PLC

Director / PDMR Shareholdings

18 November 2015

London

1. Award of Dividend Shares under the Ricardo PLC Share Incentive Plan (the "SIP")

Ricardo PLC (the "Company") announces that on 17 November 2015 it received notification from the trustee (the "Trustee") of the Company's SIP that on 13 November 2015 it awarded 10 ordinary shares of 25 pence each in the Company ("Shares") to Mark Barge, a Person Discharging Managerial Responsibilities ("PDMRs"). This award related to the "Dividend Share" element of the SIP and reflects the automatic reinvestment in further Shares of dividends received in respect of his SIP share holding. This award was based on a price of £8.88 per Share.

2. 2006 Long Term Incentive Plan - vesting of plan cycle 6

The Company also announces that on 16 November 2015, a total of 196,819 Shares vested in favour of Executive Directors and other PDMRs under the terms of the Company's 2006 Long Term Incentive Plan (the "LTIP"). This vesting, details of which are provided below, related to awards that were granted under the LTIP on 15 November 2012 and was subject to the satisfaction of both EPS and TSR performance conditions.

Name	Role	No. of Shares that vested on 16 November 2015
Dave Shemmans	Executive Director	113,804
Mark Garrett	Executive Director	33,205
Mark Barge	PDMR	3,896
Markus Doerr	PDMR	27,715
Gary Tan	PDMR	13,995
Clive Wotton	PDMR	4,204

3. Deferred Bonus Plan - Awards granted in 2012

The Company also announces that on 16 November 2015, a total of 74,134 Shares vested in favour of Executive Directors and other PDMRs under the terms of the Company's 2011 Deferred Bonus Plan (the "DBP"). These "deferred awards" (which included dividend entitlements) were granted on 15 November 2012. They vested following the end of a three year Deferral Period and were not subject to performance conditions. Further details of this vesting are provided below.

Name	Role	No. of Shares that vested on 16 November 2015
Dave Shemmans	Executive Director	45,135
Mark Garrett	Executive Director	20,480
Gary Tan	PDMR	3,757
Clive Wotton	PDMR	4,762

Finally, the Company announces that on 16 November 2015, further conditional "matching awards" over a total of 59,766 Shares vested in favour of Executive Directors. These awards were granted to Executive Directors on 15 November 2012 under the terms of the DBP on the basis of one Share comprised in such a "matching award" for each Share comprised in the corresponding deferred award (detailed above) granted to an individual on the same occasion. The awards did not include dividend entitlements but were subject to the same performance conditions that applied to the awards granted under cycle 6 of the LTIP and are set out below:

Name	Role	No. of Shares that vested on 16 November 2015
Dave Shemmans	Executive Director	41,111
Mark Garrett	Executive Director	18,655

4. Net current total holdings of Shares

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

Name	Role	Total holding following this notification	Approximate % of Company's issued share capital
Dave Shemmans	Executive Director	304,135	0.575%
Mark Garrett	Executive Director	131,546	0.249%
Mark Barge	PDMR	5,806	0.011%
Markus Doerr	PDMR	41,162	0.078%
Gary Tan	PDMR	17,752	0.034%
Clive Wotton	PDMR	9,145	0.017%