Information  X 
Enter a valid email address

Ricardo PLC (RCDO)

  Print          Annual reports

Tuesday 27 October, 2020

Ricardo PLC

Director/PDMR Shareholding

RNS Number : 3797D
Ricardo PLC
27 October 2020
 

Ricardo PLC

 

Director / PDMR Shareholdings

 

27 October 2020

London

 

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

 

Ricardo PLC (the "Company") announces that, on 26 October 2020, a total of 3,027 ordinary shares of 25 pence each ("Shares") vested in favour of certain 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 2018. They vested following the end of a two 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 26 October 2020

Tim Curtis

PDMR

120

James Passemard

PDMR

257

Paul Seller

PDMR

1,023

Gary Tan

PDMR

1,627

 

 

2.  2011 Deferred Bonus Plan - vesting of awards granted in 2019 with a 1 year deferral period

 

The Company also announces that on 26 October 2020, a total of 11,461 Shares vested in favour of certain PDMRs under the terms of the DBP. These awards (which included dividend entitlements) were granted on 24 October 2019. 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 26 October 2020

Chris Amsden

PDMR

1,924

Tim Curtis

PDMR

1,142

Chester Gryczan

PDMR

1,188

James Mills

PDMR

307

Alex Pascoe

PDMR

783

James Passemard

PDMR

1,440

Ian Rogerson

PDMR

1,238

Patricia Ryan

PDMR

893

Paul Seller

PDMR

354

Brian Smith

PDMR

1,441

Gary Tan

PDMR

623

Gareth Taylor

PDMR

128

 

 

3.  Lapse of awards granted in 2017

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 11 awards that had originally been granted to the Executive Directors and PDMRs on 8 November 2017 under the Company's 2014 Long Term Incentive Plan and concluded that these awards would lapse immediately and cease to exist.

 

4.  Sale of Shares

 

Following the above vestings, the PDMRs sold the Shares set out below on 26 October 2020 at a price of £3.72:

 

 Name

Role

No. of Shares sold on 26 October 2020

Chris Amsden

PDMR

905

Tim Curtis

PDMR

1,262

Chester Gryczan

PDMR

1,188

James Mills

PDMR

307

Alex Pascoe

PDMR

368

James Passemard

PDMR

798

Ian Rogerson

PDMR

1,238

Patricia Ryan

PDMR

893

Paul Seller

PDMR

1,377

Brian Smith

PDMR

1,441

Gary Tan

PDMR

0

Gareth Taylor

PDMR

128

 



 

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

Chris Amsden

PDMR

3,904

0.007%

Tim Curtis

PDMR

633

0.001%

Chester Gryczan

PDMR

0

0.000%

James Mills

PDMR

1,774

0.003%

Alex Pascoe

PDMR

518

0.001%

James Passemard

PDMR

2,407

0.003%

Ian Rogerson

PDMR

0

0.000%

Patricia Ryan

PDMR

20,249

0.038%

Paul Seller

PDMR

0

0.000%

Brian Smith

PDMR

0

0.000%

Gary Tan

PDMR

2,250

0.004%

Gareth Taylor

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

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

Vesting of award granted on 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

1,924

d)

Aggregated information

Aggregated volume

Price

 

 

Not applicable

e)

Date of the transaction

2020-10-26

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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.72

905

d)

Aggregated information

Aggregated volume

Price

Not applicable

e)

Date of the transaction

2020-10-26

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)

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

Vesting of awards granted on 25 October 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

120

£0

1,142

d)

Aggregated information

Aggregated volume

Price

 

 

  1,262

  £0

e)

Date of the transaction

2020-10-26

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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.72

1,262

d)

Aggregated information

Aggregated volume

Price

Not applicable

e)

Date of the transaction

2020-10-26

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

Vesting of award granted on 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

1,188

d)

Aggregated information

Aggregated volume

Price

 

 

  Not applicable

 

e)

Date of the transaction

2020-10-26

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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.72

1,188

d)

Aggregated information

Aggregated volume

Price

Not applicable

e)

Date of the transaction

2020-10-26

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)

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

Vesting of award granted on 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

307

d)

Aggregated information

Aggregated volume

Price

 

 

 Not applicable.

 

e)

Date of the transaction

2020-10-26

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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.72

307

d)

Aggregated information

Aggregated volume

Price

Not applicable

e)

Date of the transaction

2020-10-26

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

Vesting of award granted 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

783

d)

Aggregated information

Aggregated volume

Price

 

  Not applicable

e)

Date of the transaction

2020-10-26

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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.72

368

d)

Aggregated information

Aggregated volume

Price

Not applicable

e)

Date of the transaction

2020-10-26

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)

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

Vesting of award granted on 25 October 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

1,440

£0

257

d)

Aggregated information

Aggregated volume

Price



1,697

£0

e)

Date of the transaction

2020-10-26

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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.72

798

d)

Aggregated information

Aggregated volume

Price

Not applicable

e)

Date of the transaction

2020-10-26

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

Vesting of award granted on 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

1,238

d)

Aggregated information

Aggregated volume

Price

Not applicable

e)

Date of the transaction

2020-10-26

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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.72

1,238

d)

Aggregated information

Aggregated volume

Price

Not applicable

e)

Date of the transaction

2020-10-26

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: Company Secretary and General Counsel

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

Vesting of award granted 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

893

d)

Aggregated information

Aggregated volume

Price

 

  Not applicable

e)

Date of the transaction

2020-10-26

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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.72

893

d)

Aggregated information

Aggregated volume

Price

Not applicable

e)

Date of the transaction

2020-10-26

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)

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

Vesting of awards granted on 25 October 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

1,023

£0

354

d)

Aggregated information

Aggregated volume

Price

 

 

  1,377

  £0

e)

Date of the transaction

2020-10-26

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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.72

1,377

d)

Aggregated information

Aggregated volume

Price

Not applicable

e)

Date of the transaction

2020-10-26

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

Vesting of award granted 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

1,441

d)

Aggregated information

Aggregated volume

Price

 

  Not applicable

e)

Date of the transaction

2020-10-26

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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.72

1,441

d)

Aggregated information

Aggregated volume

Price

Not applicable

e)

Date of the transaction

2020-10-26

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)

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

Vesting of awards granted on 25 October 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

1,627

£0

623

d)

Aggregated information

Aggregated volume

Price

 

 

2,250

£0

e)

Date of the transaction

2020-10-26

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

Vesting of award granted on 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

128

d)

Aggregated information

Aggregated volume

Price

 

Not applicable.

e)

Date of the transaction

2020-10-26

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")

Identificationcode

GB0007370074

b)

Nature of thetransaction

Sale of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.72

128

d)

Aggregated information

Aggregated volume

Price

Not applicable

e)

Date of the transaction

2020-10-26

f)

Place of the transaction

Outside a trading venue

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHKZMZGDNDGGZM

a d v e r t i s e m e n t