Director/PDMR Shareholding

Ricardo PLC

15 May 2023

 

Ricardo PLC

Director / PDMR Shareholdings

12 May 2023

London

Purchase of Partnership Shares under the Ricardo PLC Share Incentive Plan (the "SIP")

Ricardo PLC (the "Company") announces that on 10 May 2023 it received notification from the trustee (the "Trustee") of the Company's SIP that on 9 May 2023 it purchased an aggregate of 26 ordinary shares of 25 pence each in the Company ("Shares") in the market at a price of £5.74 per Share on behalf the following Persons Discharging Managerial Responsibilities:

Name	No. of Shares purchased 9 May 2023
Martin Starkey	9
Rachel Stringer	17

These purchases related to the "Partnership Share" element of the SIP and were made using deductions from the relevant individuals' gross salaries.

Following the above purchases, the total beneficial holding of Shares of the relevant PDMRs are set out below:

Name	Total holding following this notification	Approximate % of Company's issued share capital
Martin Starkey	769[1]	0.001%
Rachel Stringer	500	0.001%

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	Martin Starkey (the "Participant")
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	Purchase of Shares by Link Market Services Trustees Limited, the trustee of the Ricardo plc Share Incentive Plan (the "SIP"), on behalf of the Participant relating to the "Partnership Share" element of the SIP using deductions from the Participant's gross salary.
c)	Price(s) and volume(s)	Price(s) Volume(s) £5.74 9
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2023-05-09
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rachel Stringer (the "Participant")
2	Reason for the notification
a)	Position/status	PDMR: Global President - Clean Energy and Environmental Solutions
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	Purchase of Shares by Link Market Services Trustees Limited, the trustee of the Ricardo plc Share Incentive Plan (the "SIP"), on behalf of the Participant relating to the "Partnership Share" element of the SIP using deductions from the Participant's gross salary.
c)	Price(s) and volume(s)	Price(s) Volume(s) £5.74 17
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2023-05-09
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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[1]               As a result of a reconciliation exercise with the SIP trustee, the total shares held by Martin Starkey has been adjusted to reflect a single additional SIP dividend reinvestment share awarded to him in 2021.

 

END