Director/PDMR Shareholding

RNS Number : 4364N

Ricardo PLC

25 October 2016

 

Ricardo PLC

Director / PDMR Shareholdings

25 October 2016

London

1.         2014 Long Term Incentive Plan - grant of plan cycle 10

Ricardo PLC (the "Company") announces that, on 25 October 2016, conditional awards over a total of 140,267 shares of 25 pence each in the Company ("Shares") were granted to Executive Directors and other Persons Discharging Managerial Responsibility ("PDMRs") as set out below under the terms of the Company's 2014 Long Term Incentive Plan (the "LTIP").  These awards vest after three years and are subject to TSR and EPS performance conditions.

Name	Role	No. of Shares over which awards granted on 25 October 2016
Dave Shemmans	Executive Director	48,915
Ian Gibson	Executive Director	17,318
Mark Garrett	Executive Director	15,114
David Smith	PDMR	6,287
Mark Stoddart	PDMR	2,288
Mark Barge	PDMR	5,019
Chris Amsden	PDMR	1,996
Markus Doerr	PDMR	12,803
Paul Seller	PDMR	4,954
Gareth Taylor	PDMR	1,848
Tim Curtis	PDMR	4,809
Ian Rogerson	PDMR	2,098
Paul Rivera	PDMR	6,706
Chet Gryczan	PDMR	2,995
Gary Tan	PDMR	7,117

2.         2011 Deferred Bonus Plan - grant of deferred awards and matching awards

The Company also announces that, on 25 October 2016, conditional "deferred awards" over a total of 44,698 Shares were granted to Executive Directors and other PDMRs under the terms of the Company's 2011 Deferred Bonus Plan ("DBP"), as set out below.  Subject to continuing employment, the awards granted to Executive Directors vest after three years and the awards granted to other PDMRs (with the exception of Mark Stoddart, Paul Rivera and Gareth Taylor whose awards vest on the first anniversary of grant) vest in equal tranches on the first, second and third anniversaries of grant.  These DBP deferred awards (which include dividend equivalent entitlements) are not subject to performance conditions.

Name	Role	No. of Shares over which awards granted on 25 October 2016
Dave Shemmans	Executive Director	19,336
Ian Gibson	Executive Director	9,604
Mark Garrett	Executive Director	8,244
David Smith	PDMR	550
Mark Stoddart	PDMR	329
Mark Barge	PDMR	519
Paul Rivera	PDMR	469
Gary Tan	PDMR	2,270
Paul Seller	PDMR	2,185
Gareth Taylor	PDMR	635
Tim Curtis	PDMR	557

Finally, further conditional "matching awards" over a total of 37,184 Shares were granted to Executive Directors 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. Details of these DBP matching awards, which only include dividend equivalent entitlements in limited circumstances, but are subject to the same performance conditions that apply to the awards granted on 25 October 2016 under cycle 10 of the LTIP, are set out below:

Name	Role	No. of Shares over which awards granted on 25 October 2016
Dave Shemmans	Executive Director	19,336
Ian Gibson	Executive Director	9,604
Mark Garrett	Executive Director	8,244

5.         Current total holdings of awards/options over shares

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 outstanding awards / options	Approximate % of Company's issued share capital
Dave Shemmans	Executive Director	278,336	0.52%
Ian Gibson	Executive Director	114,349	0.22%
Mark Garrett	Executive Director	98,553	0.19%
David Smith	PDMR	13,468	0.03%
Mark Stoddart	PDMR	4,937	0.01%
Mark Barge	PDMR	17,784	0.03%
Chris Amsden	PDMR	4,035	0.01%
Markus Doerr	PDMR	31,954	0.06%
Paul Seller	PDMR	12,211	0.02%
Gareth Taylor	PDMR	4,207	0.01%
Tim Curtis	PDMR	9,775	0.02%
Ian Rogerson	PDMR	4,269	0.01%
Paul Rivera	PDMR	14,503	0.03%
Chet Gryczan	PDMR	2,995	0.01%
Gary Tan	PDMR	24,662	0.05%

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	Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 48,915 £0 19,336 £0 19,336
d)	Aggregated information -   Aggregated volume -   Price	87,587 £0
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	Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 17,318 £0 9,604 £0 9,604
d)	Aggregated information -   Aggregated volume -   Price	36,526 £0
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	Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 15,114 £0 8,244 £0 8,244
d)	Aggregated information -   Aggregated volume -   Price	31,602 £0
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	David Smith
2	Reason for the notification
a)	Position/status	PDMR: Managing Director - Ricardo Europe Technical Centre
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	Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 6,287 £0 550
d)	Aggregated information -   Aggregated volume -   Price	6,837 £0
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 Stoddart
2	Reason for the notification
a)	Position/status	PDMR: Finance Director - Ricardo Europe Technical Centre
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	Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 2,288 £0 329
d)	Aggregated information -   Aggregated volume -   Price	2,617 £0
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	Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 5,019 £0 519
d)	Aggregated information -   Aggregated volume -   Price	5,538 £0
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	Chris Amsden
2	Reason for the notification
a)	Position/status	PDMR: Finance 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	Award of right to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 1,996
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	Award of right to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 12,803
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 Seller
2	Reason for the notification
a)	Position/status	PDMR: Managing Director - Ricardo Rail
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	Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 4,954 £0 2,185
d)	Aggregated information -   Aggregated volume -   Price	7,139 £0
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	Gareth Taylor
2	Reason for the notification
a)	Position/status	PDMR: Finance Director - Ricardo Rail
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	Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 1,848 £0 635
d)	Aggregated information -   Aggregated volume -   Price	2,483 £0
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	Tim Curtis
2	Reason for the notification
a)	Position/status	PDMR: Managing Director - Ricardo Energy and Environment
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	Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 4,809 £0 557
d)	Aggregated information -   Aggregated volume -   Price	5,366 £0
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 Rogerson
2	Reason for the notification
a)	Position/status	PDMR: Finance Director - Ricardo Energy and Environment
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	Award of right to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 2,098
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	Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 6,706 £0 469
d)	Aggregated information -   Aggregated volume -   Price	7,175 £0
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	Chet Gryczan
2	Reason for the notification
a)	Position/status	PDMR: President, Ricardo Defence Systems
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	Award of right to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 2,995
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	Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 7,117 £0 2,270
d)	Aggregated information -   Aggregated volume -   Price	9,387 £0
e)	Date of the transaction	2016-10-25
f)	Place of the transaction	London Stock Exchange

 

END

 

 

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