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Ricardo PLC (RCDO)

  Print          Annual reports

Tuesday 29 October, 2019

Ricardo PLC

Director/PDMR Shareholding

RNS Number : 5150R
Ricardo PLC
29 October 2019
 

Ricardo PLC

 

Director / PDMR Shareholdings

 

29 October 2019

London

 

1.       2011 Deferred Bonus Plan - vesting of awards granted in 2016 with a 3 year deferral period

 

Ricardo PLC (the "Company") announces that, on 25 October 2019, a total of 41,705 ordinary shares of 25 pence each ("Shares") vested in favour of Executive Directors and other Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2011 Deferred Bonus Plan ("DBP"). These awards (which included dividend entitlements) were granted on 25 October 2016. They vested following the end of a three year Deferral Period and were not subject to performance conditions. Further details of this vesting are provided below.

 

 Name

Role

No. of Shares that vested on 25 October 2019

Dave Shemmans

Executive Director

20,762

Ian Gibson

Executive Director

10,311

Mark Garrett

Executive Director

8,850

Tim Curtis

PDMR

195

Paul Seller

PDMR

779

Gary Tan

PDMR

808

 

 

2.                     2011 Deferred Bonus Plan - vesting of awards granted in 2018 with a 1 year deferral period

 

The Company also announces that on 25 October 2019, a total of 6,213 Shares vested in favour of certain PDMRs under the terms of the DBP. These awards (which included dividend entitlements) were granted on 25 October 2018. They vested following the end of a one year Deferral Period and were not subject to performance conditions. Further details of this vesting are provided below.

 

 Name

Role

No. of Shares that vested on 25 October 2019

Chris Amsden

PDMR

1,076

Tim Curtis

PDMR

116

Chester Gryczan

PDMR

285

James Mills

PDMR

171

James Passemard

PDMR

248

Paul Seller

PDMR

984

Gary Tan

PDMR

1,565

Gareth Taylor

PDMR

969

David Wisnieski

PDMR

799

 

 

3.            Lapse of awards granted in 2016

The Company also announces that the remuneration committee of its board of directors has completed its assessment of the performance conditions governing:

·      the LTIP cycle 10 awards that had originally been granted to the Executive Directors and PDMRs on 25 October 2016 under the Company's 2014 Long Term Incentive Plan; and

·      the bonus-linked share awards that had originally been granted to the Executive Directors and PDMRs on 25 October 2016 under the DBP,

and concluded that these awards would lapse immediately and cease to exist.

 

 

4.         Realisation of value of shares

 

Immediately on vesting of the above awards, the Executive Directors and other PDMRs realised value in respect of the following Shares at a price of £6.50:

 

Name

Role

No. of Shares realised for value on 25 October 2019

Dave Shemmans

Executive Director

20,762

Ian Gibson

Executive Director

4,847

Mark Garrett

Executive Director

8,850

Chris Amsden

PDMR

452

Tim Curtis

PDMR

311

Chester Gryczan

PDMR

285

James Mills

PDMR

171

James Passemard

PDMR

248

Paul Seller

PDMR

1,763

Gary Tan

PDMR

2,373

Gareth Taylor

PDMR

969

David Wisnieski

PDMR

799

 

5.         Net current total holdings of Shares

 

Following the above notifications, the total holdings of Shares of the relevant PDMRs are as follows:

 

 Name

Role

Total holding following this notification

Approximate % of Company's issued share capital

Dave Shemmans

Executive Director

101,085

0.189%

Ian Gibson

Executive Director

47,827

0.090%

Mark Garrett

Executive Director

59,723

0.112%

Chris Amsden

PDMR

2,464

0.005%

Tim Curtis

PDMR

241

0.0005%

Chester Gryczan

PDMR

0

0.000%

James Mills

PDMR

1,341

0.003%

James Passemard

PDMR

1,467

0.003%

Paul Seller

PDMR

0

0.000%

Gary Tan

PDMR

0

0.000%

Gareth Taylor

PDMR

0

0.000%

David Wisnieski

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

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

Vesting of award granted on 25 October 2016 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

20,762

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 Not applicable

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.50

20,762

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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

Vesting of award granted on 25 October 2016 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

10,311

d)

Aggregated information

-   Aggregated volume

-   Price

 

Not applicable

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.50

4,847

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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

Vesting of award granted on 25 October 2016 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

8,850

d)

Aggregated information

-   Aggregated volume

-   Price



Not applicable

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.50

8,850

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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

Vesting of award granted on 25 October 2018 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

1,076

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

Not applicable

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.50

452

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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 - 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

Vesting of awards granted on 25 October 2016 and 25 October 2018 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

195

£0

116

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

  311

  £0

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.50

311

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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

Vesting of award granted on 25 October 2018 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

285

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

  Not applicable

 

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.50

285

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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

Vesting of award granted on 25 October 2018 pursuant to the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

171

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 Not applicable.

 

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.50

171

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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

Vesting of award granted on 25 October 2018 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

248

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.50

248

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

 

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

Vesting of awards granted on 25 October 2016 and 25 October 2018 pursuant to the terms of the Ricardo 2014 Long Term Incentive Plan and Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

779

£0

984

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

  1,763

  £0

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.50

1,763

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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

Vesting of awards granted on 25 October 2016 and 25 October 2018 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

808

£0

1,565

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

2,373

£0

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.50

2,373

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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 - 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

Vesting of award granted on 25 October 2018 pursuant to the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

969

d)

Aggregated information

-   Aggregated volume

-   Price

 

Not applicable.

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.50

969

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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

Vesting of award granted 25 October 2018 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

799

d)

Aggregated information

-   Aggregated volume

-   Price

 

  Not applicable

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.50

799

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

 


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END
 
 
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