Director/PDMR Shareholding

RNS Number : 4332N

Ricardo PLC

25 October 2016

 

 Ricardo PLC

Director / PDMR Shareholdings

25 October 2016

London

1.         2006 Long Term Incentive Plan - vesting of plan cycle 7

Ricardo PLC (the "Company") announces that, on 25 October 2016, a total of 152,436 ordinary shares of 25 pence each ("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 (the "LTIP").  This vesting, details of which are provided below, related to awards that were granted under the LTIP on 16 October 2013 and was subject to the satisfaction of both EPS and TSR performance conditions.

Name	Role	No. of Shares that vested on 25 October 2016
Dave Shemmans	Executive Director	73,380
Mark Garrett	Executive Director	22,676
Ian Gibson	Executive Director	25,983
Mark Barge	PDMR	6,270
Markus Doerr	PDMR	12,674
Paul Rivera	PDMR	2,254
Gary Tan	PDMR	9,199

2.         2011 Deferred Bonus Plan - vesting of "matching awards" granted in 2013

The Company also announces that, on 25 October 2016, a total of 49,912 Shares vested in favour of Executive Directors pursuant to "matching awards" originally granted under the Company's 2011 Deferred Bonus Plan (the "DBP") on 16 October 2013. These awards correspond to, and were granted at the same time as, the "deferred awards" under the DBP that vested on 17 October 2016 (see the Company's announcement of that date for further information).  The vesting of the matching awards, details of which are provided below, was subject to the same performance conditions that applied to the awards granted under cycle 7 of the LTIP.

Name	Role	No. of Shares that vested on 25 October 2016
Dave Shemmans	Executive Director	34,292
Mark Garrett	Executive Director	15,620

3.         Sales of Shares

Following the above vestings, the Executive Directors and other PDMRs sold the Shares set out below on 25 October 2016 at a price of £9.35:

Name	Role	No. of Shares sold on 25 October 2016
Dave Shemmans	Executive Director	107,672
Mark Garrett	Executive Director	18,000
Ian Gibson	Executive Director	12,213
Mark Barge	PDMR	2,947
Markus Doerr	PDMR	12,674
Paul Rivera	PDMR	2,254
Gary Tan	PDMR	9,199

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
Dave Shemmans	Executive Director	104,085	0.196%
Mark Garrett	Executive Director	118,154	0.222%
Ian Gibson	Executive Director	13,770	0.026%
Mark Barge	PDMR	5,205	0.010%
Markus Doerr	PDMR	13,447	0.025%
Paul Rivera	PDMR	9,382	0.018%
Gary Tan	PDMR	0	0.000%

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Dave Shemmans
2	Reason for the notification
a)	Position/status	PDMR: Chief Executive Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ricardo plc
b)	LEI	213800ZNYAY35F4XB814
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Acquisition of Shares following the vesting of awards granted on 16 October 2013 pursuant to the terms of the Ricardo plc 2006 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 73,380 £0 34,292
d)	Aggregated information -   Aggregated volume -   Price	107,672 £0
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Sale of Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £9.35 107,672
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Garrett
2	Reason for the notification
a)	Position/status	PDMR: Chief Operating Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ricardo plc
b)	LEI	213800ZNYAY35F4XB814
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Acquisition of Shares following the vesting of awards granted on 16 October 2013 pursuant to the terms of the Ricardo plc 2006 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 22,676 £0 15,620
d)	Aggregated information -   Aggregated volume -   Price	38,296 £0
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Sale of Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £9.35 18,000
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ian Gibson
2	Reason for the notification
a)	Position/status	PDMR: Chief Financial Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ricardo plc
b)	LEI	213800ZNYAY35F4XB814
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Acquisition of Shares following the vesting of an award granted on 16 October 2013 pursuant to the terms of the Ricardo plc 2006 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 25,983
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Sale of Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £9.35 12,213
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Barge
2	Reason for the notification
a)	Position/status	PDMR: Managing Director - Performance Products
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ricardo plc
b)	LEI	213800ZNYAY35F4XB814
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Acquisition of Shares following the vesting of an award granted on 16 October 2013 pursuant to the terms of the Ricardo plc 2006 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 6,270
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Sale of Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £9.35 2,947
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Markus Doerr
2	Reason for the notification
a)	Position/status	PDMR: Managing Director - Ricardo Strategic Consulting
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ricardo plc
b)	LEI	213800ZNYAY35F4XB814
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Acquisition of Shares following the vesting of an award granted on 16 October 2013 pursuant to the terms of the Ricardo plc 2006 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 12,674
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Sale of Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £9.35 12,674
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul Rivera
2	Reason for the notification
a)	Position/status	PDMR: President, Ricardo Inc.
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ricardo plc
b)	LEI	213800ZNYAY35F4XB814
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Acquisition of Shares following the vesting of an award granted on 16 October 2013 pursuant to the terms of the Ricardo plc 2006 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 2,254
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Sale of Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £9.35 2,254
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Gary Tan
2	Reason for the notification
a)	Position/status	PDMR: Managing Director - Ricardo Asia
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ricardo plc
b)	LEI	213800ZNYAY35F4XB814
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Acquisition of Shares following the vesting of an award granted on 16 October 2013 pursuant to the terms of the Ricardo plc 2006 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 9,199
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 25p each ("Shares")
	Identification code	GB0007370074
b)	Nature of the transaction	Sale of Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £9.35 9,199
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange

 

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