Director/PDMR Shareholding

RNS Number : 3091F

Ricardo PLC

26 October 2018

 

Ricardo PLC

Director / PDMR Shareholdings

25 October 2018

London

1.         2014 Long Term Incentive Plan - grant of plan cycle 12

Ricardo PLC (the "Company") announces that, on 25 October 2018, conditional awards over a total of 191,287 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
Dave Shemmans	Executive Director	66,141
Ian Gibson	Executive Director	23,418
Mark Garrett	Executive Director	20,437
Paul Seller	PDMR	6,827
Gareth Taylor	PDMR	3,314
Tim Curtis	PDMR	6,746
Ian Rogerson	PDMR	3,650
Mark Barge	PDMR	6,787
Chris Amsden	PDMR	3,576
Chet Gryczan	PDMR	4,130
Brian Smith	PDMR	2,389
Gary Tan	PDMR	9,779
Paul Rivera	PDMR	9,248
David Wisnieski	PDMR	4,821
James Mills	PDMR	3,835
James Passemard	PDMR	8,253
Chris Barnes	PDMR	7,936

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

The Company also announces that, on 25 October 2018, conditional "deferred awards" over a total of 52,044 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 Chris Amsden, Chris Banes, Chet Gryczan, James Mills, Gareth Taylor and David Wisnieski 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
Dave Shemmans	Executive Director	17,568
Ian Gibson	Executive Director	9,686
Mark Garrett	Executive Director	5,922
James Mills	PDMR	167
Mark Barge	PDMR	2,798
Chris Amsden	PDMR	1,046
Paul Rivera	PDMR	2,004
David Wisnieski	PDMR	777
Paul Seller	PDMR	2,871
Gareth Taylor	PDMR	942
Tim Curtis	PDMR	339
Chet Gryczan	PDMR	278
Gary Tan	PDMR	4,564
Chris Barnes	PDMR	2,359
James Passemard	PDMR	723

Finally, further conditional "bonus-linked share awards" over a total of 33,176 Shares were granted to Executive Directors under the terms of the DBP on the basis of one Share comprised in such a "bonus-linked share award" for each Share comprised in the corresponding deferred award (detailed above) granted to an individual on the same occasion. Details of these DBP bonus-linked share 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 under cycle 12 of the LTIP, are set out below:

Name	Role	No. of Shares over which awards granted
Dave Shemmans	Executive Director	17,568
Ian Gibson	Executive Director	9,686
Mark Garrett	Executive Director	5,922

3.         Current total holdings of awards/options over shares

Following the above notification, 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 holding following this notification	Approximate % of Company's issued share capital
Dave Shemmans	Executive Director	247,618	0.4636%
Ian Gibson	Executive Director	100,236	0.1877%
Mark Garrett	Executive Director	82,133	0.1538%
Paul Seller	PDMR	21,106	0.0395%
Gareth Taylor	PDMR	8,937	0.0167%
Tim Curtis	PDMR	17,615	0.0330%
Ian Rogerson	PDMR	8,964	0.0168%
Mark Barge	PDMR	20,727	0.0388%
Chris Amsden	PDMR	9,750	0.0183%
Chet Gryczan	PDMR	10,984	0.0206%
Brian Smith	PDMR	4,543	0.0085%
Gary Tan	PDMR	30,600	0.0573%
Paul Rivera	PDMR	25,976	0.0486%
David Wisnieski	PDMR	9,861	0.0185%
James Mills	PDMR	9,318	0.0174%
James Passemard	PDMR	16,204	0.0303%
Chris Barnes	PDMR	17,124	0.0321%

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	Conditional awards of shares pursuant to the rules of 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) Nil 66,141 Nil 17,568 Nil 17,568
d)	Aggregated information -   Aggregated volume -   Price	101,277 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

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	Conditional awards of shares pursuant to the rules of 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) Nil 23,418 Nil 9,686 Nil 9,686
d)	Aggregated information -   Aggregated volume -   Price	42,790 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

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	Conditional awards of shares pursuant to the rules of 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) Nil 20,437 Nil 5,922 Nil 5,922
d)	Aggregated information -   Aggregated volume -   Price	32,281 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

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	Conditional awards of shares pursuant to the rules of 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) Nil 6,827 Nil 2,871
d)	Aggregated information -   Aggregated volume -   Price	9,698 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

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 - Transportation
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	Conditional awards of shares pursuant to the rules of 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) Nil 3,314 Nil 942
d)	Aggregated information -   Aggregated volume -   Price	4,256 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

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	Conditional awards of shares pursuant to the rules of 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) Nil 6,746 Nil 339
d)	Aggregated information -   Aggregated volume -   Price	7,085 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

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	Conditional award of shares pursuant to the rules of the Ricardo plc 2014 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 3,650
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

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	Conditional awards of shares pursuant to the rules of 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) Nil 6,787 Nil 2,798
d)	Aggregated information -   Aggregated volume -   Price	9,585 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

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	Conditional awards of shares pursuant to the rules of 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) Nil 3,576 Nil 1,046
d)	Aggregated information -   Aggregated volume -   Price	4,622 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

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	Conditional awards of shares pursuant to the rules of 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) Nil 4,130 Nil 278
d)	Aggregated information -   Aggregated volume -   Price	4,408   £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Brian Smith
2	Reason for the notification
a)	Position/status	PDMR: Finance Director - 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	Conditional award of shares pursuant to the rules of the Ricardo plc 2014 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 2,389
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

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 - 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	Conditional awards of shares pursuant to the rules of 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) Nil 9,779 Nil 4,564
d)	Aggregated information -   Aggregated volume -   Price	14,343 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

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 US
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	Conditional awards of shares pursuant to the rules of 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) Nil 9,248 Nil 2,004
d)	Aggregated information -   Aggregated volume -   Price	11,252 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Wisnieski
2	Reason for the notification
a)	Position/status	PDMR: VP Finance - Ricardo US
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	Conditional awards of shares pursuant to the rules of 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) Nil 4,821 Nil 777
d)	Aggregated information -   Aggregated volume -   Price	5,598 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	James Mills
2	Reason for the notification
a)	Position/status	PDMR: Finance Director - Ricardo Automotive (EMEA)
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	Conditional awards of shares pursuant to the rules of 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) Nil 3,835 Nil 167
d)	Aggregated information -   Aggregated volume -   Price	4,002 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	James Passemard
2	Reason for the notification
a)	Position/status	PDMR: Global 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	Conditional awards of shares pursuant to the rules of 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) Nil 8,253 Nil 723
d)	Aggregated information -   Aggregated volume -   Price	8,976 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Chris Barnes
2	Reason for the notification
a)	Position/status	PDMR: Managing Director  - EMEA Automotive
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	Conditional awards of shares pursuant to the rules of 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) Nil 7,936 Nil 2,359
d)	Aggregated information -   Aggregated volume -   Price	10,295 £0
e)	Date of the transaction	2018-10-25
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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