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Ricardo PLC (RCDO)

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Friday 25 October, 2019

Ricardo PLC

Director/PDMR Shareholding

RNS Number : 2170R
Ricardo PLC
25 October 2019
 

Ricardo PLC

 

Director / PDMR Shareholdings

 

25 October 2019

London

 

Ricardo PLC

 

Director / PDMR Shareholdings

 

 

1.         2014 Long Term Incentive Plan - grant of plan cycle 13

 

Ricardo PLC (the "Company") announces that, on 24 October 2019, conditional awards over a total of 307,534 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

82,590

Ian Gibson

Executive Director

29,526

Mark Garrett

Executive Director

25,396

Paul Seller

PDMR

16,035

Gareth Taylor

PDMR

6,048

Tim Curtis

PDMR

14,039

Ian Rogerson

PDMR

6,638

Martin Starkey

PDMR

13,069

Chris Amsden

PDMR

6,696

Chester Gryczan

PDMR

16,054

Brian Smith

PDMR

7,726

Gary Tan

PDMR

20,309

Stephen Dyke

PDMR

16,035

James Mills

PDMR

7,336

James Passemard

PDMR

17,177

Marques McCammon

PDMR

22,860

 

2.         2014 Long Term Incentive Plan - grant of additional discretionary retention awards

 

The Company also announces that, on 24 October 2019, additional discretionary retention awards over a total of 28,147 Shares were granted to certain PDMRs under the terms of the LTIP. Subject to continuing employment, the retention awards vest after three years and are not subject to performance conditions.

 

 Name

Role

No. of Shares over which awards granted

Stephen Dyke

PDMR

9,621

Marques McCammon

PDMR

13,716

James Passemard

PDMR

4,810

 

 

3.         2011 Deferred Bonus Plan - grant of deferred awards and matching awards

 

The Company also announces that, on 24 October 2019, conditional "deferred awards" over a total of 43,327 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 James Mills, Chris Amsden, Gareth Taylor, Ian Rogerson and Brian Smith, 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

12,969

Ian Gibson

Executive Director

6,844

Mark Garrett

Executive Director

4,963

Paul Seller

PDMR

1,023

Gareth Taylor

PDMR

124

Tim Curtis

PDMR

3,298

Ian Rogerson

PDMR

1,191

Chris Amsden

PDMR

1,851

Chester Gryczan

PDMR

3,429

Brian Smith

PDMR

1,386

Gary Tan

PDMR

1,799

James Mills

PDMR

296

James Passemard

PDMR

4,154

 

Finally, further conditional "bonus-linked share awards" over a total of 24,776 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 the 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 24 October 2019 under cycle 13 of the LTIP, are set out below:

 

 

 

Name

Role

No. of Shares over which awards granted

Dave Shemmans

Executive Director

12,969

Ian Gibson

Executive Director

6,844

Mark Garrett

Executive Director

4,963

 

 

4.   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

357,267

0.6690%

Ian Gibson

Executive Director

145,035

0.2716%

Mark Garrett

Executive Director

117,885

0.2207%

Paul Seller

PDMR

38,266

0.0717%

Gareth Taylor

PDMR

15,136

0.0283%

Tim Curtis

PDMR

34,965

0.0655%

Ian Rogerson

PDMR

16,793

0.0314%

Martin Starkey

PDMR

13,069

0.0245%

Chris Amsden

PDMR

18,327

0.0343%

Chester Gryczan

PDMR

30,474

0.0571%

Brian Smith

PDMR

13,655

0.0256%

Gary Tan

PDMR

52,862

0.0990%

Stephen Dyke

PDMR

25,656

0.0480%

James Mills

PDMR

16,954

0.0317%

James Passemard

PDMR

42,366

0.0793%

Marques McCammon

PDMR

36,576

0.0685%

 

 

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

82,590

Nil

12,969

Nil

12,969

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

108,528
£0

e)

Date of the transaction

2019-10-24

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

29,526

Nil

6,844

Nil

6,844

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

43,214

£0

e)

Date of the transaction

2019-10-24

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

25,396

Nil

4,963

Nil

4,963

 

 

 

 

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

35,322

£0

e)

Date of the transaction

2019-10-24

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

16,035

Nil

1,023

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

17,058

£0

e)

Date of the transaction

2019-10-24

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)

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

6,048

Nil

124

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

6,172

£0

e)

Date of the transaction

2019-10-24

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

14,039

Nil

3,298

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

17,337

£0

e)

Date of the transaction

2019-10-24

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 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

6,638

Nil

1,191

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

7,829

£0

e)

Date of the transaction

2019-10-24

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)

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

13,069

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

Not applicable

e)

Date of the transaction

2019-10-24

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

6,696

Nil

1,851

 

d)

Aggregated information

-   Aggregated volume

-   Price

8,547

 £0

e)

Date of the transaction

2019-10-24

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)

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

16,054

Nil

3,429

 

d)

  Aggregated information

-   Aggregated volume

-   Price

 

  19,483
  £0

e)

Date of the transaction

2019-10-24

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)

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

7,726

Nil

1,386

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

9,112

£0

e)

Date of the transaction

2019-10-24

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

20,309

Nil

1,799

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

22,108

£0

e)

Date of the transaction

2019-10-24

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)

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.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

22,860

Nil

13,716

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

36,576
 £0

e)

Date of the transaction

2019-10-24

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

7,336

Nil

296

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

7,632

£0

e)

Date of the transaction

2019-10-24

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

17,177

Nil

4,810

Nil

4,154

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

26,141

£0

e)

Date of the transaction

2019-10-24

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)

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

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

16,035

Nil

9,621

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

25,656

£0

e)

Date of the transaction

2019-10-24

f)

Place of the transaction

Outside a trading venue

 


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