Director/PDMR Shareholding

RNS Number : 8812N

Ricardo PLC

31 October 2016

 

Ricardo PLC

Director / PDMR Shareholdings

31 October 2016

London

1.         2011 Deferred Bonus Plan - Awards granted in 2014 with a 2 year deferral period

The Company announces that, on 31 October 2016, a total of 467 Shares vested in favour of a Person Discharging Managerial Responsibilities ("PDMR") under the terms of the Company's 2011 Deferred Bonus Plan. This award (which included dividend entitlements) was granted on 29 October 2014. It vested following the end of a two year Deferral Period and was not subject to performance conditions. Further details of this vesting are provided below.

Name	Role	No. of Shares that vested on 31 October 2016
Gary Tan	PDMR	467

Immediately on vesting, the PDMR sold the Shares set out below at a price of £9.26445:

Name	Role	No. of Shares sold on 31 October 2016
Gary Tan	PDMR	467

2.         Net current total holdings of Shares

Following the above notification, the total holding of Shares of the relevant PDMR is as follows:

Name	Role	Total holding following this notification	Approximate % of Company's issued share capital
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	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 29 October 2014 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 467
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-31
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) £9.26445 467
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2016-10-31
f)	Place of the transaction	London Stock Exchange

 

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