Ricardo PLC

Director/PDMR Shareholding

RNS Number : 9206G
Ricardo PLC
30 November 2020
 

 

 

 

 

 

 

 

 

 

 

 

Ricardo PLC

 

Director / PDMR Shareholdings

 

30 November 2020

London

 

1.  2020 Long Term Incentive Plan - grant of plan cycle 14

 

Ricardo PLC (the "Company") announces that, on 27 November 2020:

(i)  conditional awards over a total of 685,486 shares of 25 pence each in the Company ("Shares"); and

(ii)  a conditional award of cash equivalent to the value of 10,049 Shares (the "Phantom Award"),

were granted to Executive Directors and other Persons Discharging Managerial Responsibility ("PDMRs") as set out below under the terms of the Company's 2020 Long Term Incentive Plan (the "LTIP"). These awards vest after three years and are subject to TSR and EPS performance conditions.

 

In light of current uncertainty created by the COVID-19 crisis, the Remuneration Committee has concluded that it would be inappropriate to set the specific targets for the EPS portion of these awards until such a time as there is a greater clarity around the long-term impact of the pandemic on the Company's business and the various markets in which it operates. As a result, the Committee intends to finalise these targets no later than six months after the date of grant. Once it has done so, full details of the selected targets will be set out in a further RNS announcement.

 

Name

Role

Dave Shemmans

Executive Director

224,274

Ian Gibson

Executive Director

126,341

Chris Amsden

PDMR

12,260

Mike Bell

PDMR

11,273

Tim Curtis

PDMR

26,156

Thomas Dapolito

PDMR

16,260

Stephen Dyke

PDMR

28,184

Chester Gryczan

PDMR

27,445

Chris Hopper

PDMR

7,599

Michelle Hu

PDMR

10,049

Kim Matenchuck

PDMR

26,775

Marques McCammon

PDMR

37,941

Alex Pascoe

PDMR

7,315

Ian Rogerson

PDMR

12,133

Patricia Ryan

PDMR

9,178

Paul Seller

PDMR

29,030

Brian Smith

PDMR

13,336

Martin Starkey

PDMR

23,659

Gary Tan

PDMR

34,135

Gareth Taylor

PDMR

12,192

 

2.  Current total holdings of awards/options over shares

 

Following the above notification, the total number of Shares (or, in the case of the Phantom Award, notional Shares) over which the relevant Executive Directors and other PDMRs hold outstanding awards / options is set out below:

 

 Name

Role

Dave Shemmans

Executive Director

435,855

0.701%

Ian Gibson

Executive Director

213,312

0.343%

Chris Amsden

PDMR

22,532

0.036%

Mike Bell

PDMR

11,273

0.018%

Tim Curtis

PDMR

49,346

0.079%

Thomas Dapolito

PDMR

16,260

0.026%

Stephen Dyke

PDMR

53,840

0.087%

Chester Gryczan

PDMR

50,005

0.080%

Chris Hopper

PDMR

12,756

0.021%

Michelle Hu

PDMR

15,248

0.025%

Kim Matenchuck

PDMR

26,775

0.043%

Marques McCammon

PDMR

74,517

0.120%

Alex Pascoe

PDMR

15,641

0.025%

Ian Rogerson

PDMR

22,421

0.036%

Patricia Ryan

PDMR

17,292

0.028%

Paul Seller

PDMR

53,623

0.086%

Brian Smith

PDMR

23,451

0.038%

Martin Starkey

PDMR

36,728

0.059%

Gary Tan

PDMR

67,096

0.108%

Gareth Taylor

PDMR

21,554

0.035%

 

 

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)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

224,274

 

d)

Aggregated information

Aggregated volume

Price

 

  N/A

e)

Date of the transaction

2020-11-27

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)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

126,341

 

d)

Aggregated information

Aggregated volume

Price

  N/A

 

e)

Date of the transaction

2020-11-27

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)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

12,260

 

d)

Aggregated information

Aggregated volume

Price

  N/A

 

e)

Date of the transaction

2020-11-27

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mike Bell

2

Reason for the notification

a)

Position/status

PDMR: Group Strategy and Transformation Director

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

11,273

 

d)

Aggregated information

Aggregated volume

Price

  N/A

 

e)

Date of the transaction

2020-11-27

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)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

26,156

 

d)

Aggregated information

Aggregated volume

Price

  N/A

 

e)

Date of the transaction

2020-11-27

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Thomas Dapolito

2

Reason for the notification

a)

Position/status

PDMR: Chief Financial Officer, Ricardo US

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

16,260

 

d)

Aggregated information

Aggregated volume

Price

  N/A

 

e)

Date of the transaction

2020-11-27

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Stephen Dyke

2

Reason for the notification

a)

Position/status

PDMR: Managing Director  - EMEA Automotive

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

28,184

 

d)

Aggregated information

Aggregated volume

Price

  N/A

 

e)

Date of the transaction

2020-11-27

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Chester Gryczan

2

Reason for the notification

a)

Position/status

PDMR: President, Ricardo Defense Systems

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

27,445

 

d)

Aggregated information

Aggregated volume

Price

  N/A

e)

Date of the transaction

2020-11-27

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Chris Hopper

2

Reason for the notification

a)

Position/status

PDMR: Finance Director - Software

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

7,599

 

d)

Aggregated information

Aggregated volume

Price

  N/A

 

e)

Date of the transaction

2020-11-27

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Michelle Hu

2

Reason for the notification

a)

Position/status

PDMR: Vice President, Finance (Asia)

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of a cash equivalent to a number of notional shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan (i.e. a "Phantom Award").

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

10,049 (notional Shares)

 

d)

Aggregated information

Aggregated volume

Price

  N/A

 

e)

Date of the transaction

2020-11-27

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kim Matenchuk

2

Reason for the notification

a)

Position/status

PDMR: Managing Director - Software

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

26,775

 

d)

Aggregated information

Aggregated volume

Price

  N/A

e)

Date of the transaction

2020-11-27

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Marques McCammon

2

Reason for the notification

a)

Position/status

PDMR: President, Ricardo US

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

37,941

 

d)

Aggregated information

Aggregated volume

Price

 

  N/A

 

e)

Date of the transaction

2020-11-27

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alex Pascoe

2

Reason for the notification

a)

Position/status

PDMR: Group Financial Controller

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

7,315

 

d)

Aggregated information

Aggregated volume

Price

  N/A

 

e)

Date of the transaction

2020-11-27

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)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

12,133

 

d)

  Aggregated information

Aggregated volume

Price

 

  N/A

 

e)

Date of the transaction

2020-11-27

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Patricia Ryan

2

Reason for the notification

a)

Position/status

PDMR: Group General Counsel and Company Secretary

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

9,178

 

d)

Aggregated information

Aggregated volume

Price

  N/A

 

e)

Date of the transaction

2020-11-27

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)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

29,030

 

d)

Aggregated information

Aggregated volume

Price

  N/A

e)

Date of the transaction

2020-11-27

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: VP Finance - Ricardo Defense Systems

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

13,336

 

d)

Aggregated information

Aggregated volume

Price

  N/A

 

e)

Date of the transaction

2020-11-27

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Martin Starkey

2

Reason for the notification

a)

Position/status

PDMR: Managing Director - Performance Products

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

23,659

 

d)

Aggregated information

Aggregated volume

Price

  N/A

 

e)

Date of the transaction

2020-11-27

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: President (Asia)

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

34,135

 

d)

Aggregated information

Aggregated volume

Price

  N/A

e)

Date of the transaction

2020-11-27

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 - Ricardo Rail

b)

Initialnotification/ 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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

12,192

 

d)

Aggregated information

Aggregated volume

Price

 

Not applicable

e)

Date of the transaction

2020-11-27

f)

Place of the transaction

Outside a trading venue

 

 

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