RICARDO PLC

title: 2011xxx0000
author: [email protected]
date: 2025-02-06 10:08:00+00:00

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i	NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i	NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i	NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i	NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i	NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i	NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:	1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:	1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Ricardo plc
|

Ricardo plc
|
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) | 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) | 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) | 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) | 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) | 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) | 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) |
| Non-UK issuer | Non-UK issuer | Non-UK issuer | Non-UK issuer | Non-UK issuer | Non-UK issuer | |
| 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) | 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) | 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) | 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) | 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) | 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) | 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) |
| An acquisition or disposal of voting rights | An acquisition or disposal of voting rights | An acquisition or disposal of voting rights | An acquisition or disposal of voting rights | An acquisition or disposal of voting rights | An acquisition or disposal of voting rights | X |
| An acquisition or disposal of financial instruments | An acquisition or disposal of financial instruments | An acquisition or disposal of financial instruments | An acquisition or disposal of financial instruments | An acquisition or disposal of financial instruments | An acquisition or disposal of financial instruments | |
| An event changing the breakdown of voting rights | An event changing the breakdown of voting rights | An event changing the breakdown of voting rights | An event changing the breakdown of voting rights | An event changing the breakdown of voting rights | An event changing the breakdown of voting rights | |
| Other (please specify)iii: | Other (please specify)iii: | Other (please specify)iii: | Other (please specify)iii: | Other (please specify)iii: | Other (please specify)iii: | |
| 3. Details of person subject to the notification obligationiv | 3. Details of person subject to the notification obligationiv | 3. Details of person subject to the notification obligationiv | 3. Details of person subject to the notification obligationiv | 3. Details of person subject to the notification obligationiv | 3. Details of person subject to the notification obligationiv | 3. Details of person subject to the notification obligationiv |
| Name | Name | Name | Aberforth Partners LLP | Aberforth Partners LLP | Aberforth Partners LLP | Aberforth Partners LLP |
| City and country of registered office (if applicable) | City and country of registered office (if applicable) | City and country of registered office (if applicable) | London, UK | London, UK | London, UK | London, UK |
| 4. Full name of shareholder(s) (if different from 3.)v | 4. Full name of shareholder(s) (if different from 3.)v | 4. Full name of shareholder(s) (if different from 3.)v | 4. Full name of shareholder(s) (if different from 3.)v | 4. Full name of shareholder(s) (if different from 3.)v | 4. Full name of shareholder(s) (if different from 3.)v | 4. Full name of shareholder(s) (if different from 3.)v |
| Name | Name | Name | Nortrust Nominees Ltd | Nortrust Nominees Ltd | Nortrust Nominees Ltd | Nortrust Nominees Ltd |
| City and country of registered office (if applicable) | City and country of registered office (if applicable) | City and country of registered office (if applicable) | London, UK | London, UK | London, UK | London, UK |
| 5. Date on which the threshold was crossed or reachedvi: | 5. Date on which the threshold was crossed or reachedvi: | 5. Date on which the threshold was crossed or reachedvi: |
05 February 2025
|
05 February 2025
|
05 February 2025
|
05 February 2025
|
| 6. Date on which issuer notified (DD/MM/YYYY): | 6. Date on which issuer notified (DD/MM/YYYY): | 6. Date on which issuer notified (DD/MM/YYYY): |
06 February 2025
|
06 February 2025
|
06 February 2025
|
06 February 2025
|
| 7. Total positions of person(s) subject to the notification obligation | 7. Total positions of person(s) subject to the notification obligation | 7. Total positions of person(s) subject to the notification obligation | 7. Total positions of person(s) subject to the notification obligation | 7. Total positions of person(s) subject to the notification obligation | 7. Total positions of person(s) subject to the notification obligation | 7. Total positions of person(s) subject to the notification obligation |
| | % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments
(total of 8.B 1 + 8.B 2) | % of voting rights through financial instruments
(total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer (8.A + 8.B) vii | Total number of voting rights held in issuer (8.A + 8.B) vii |
| Resulting situation on the date on which threshold was crossed or reached |

11.12%

| 0.00% | 0.00% |

11.12%

                                    6,916,520

                                    6,916,520

|
| Position of previous notification (if
applicable) |
5.76%
| 0.00% | 0.00% |
5.76%
| | |

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares
Class/type of
shares
ISIN code (if possible)	Class/type of
shares
ISIN code (if possible)	Number of voting rightsix	Number of voting rightsix	Number of voting rightsix	Number of voting rightsix	Number of voting rightsix	% of voting rights	% of voting rights	% of voting rights
Class/type of
shares
ISIN code (if possible)	Class/type of
shares
ISIN code (if possible)	Direct
(DTR5.1)	Direct
(DTR5.1)	Indirect
(DTR5.2.1)	Indirect
(DTR5.2.1)	Indirect
(DTR5.2.1)	Direct
(DTR5.1)	Direct
(DTR5.1)	Indirect
(DTR5.2.1)

GB0007370074

GB0007370074
NIL	NIL

                                    6,916,520

                                    6,916,520

                                    6,916,520

| NIL | NIL |

11.12%

|
| | | | | | | | | | |
| | | | | | | | | | |
| SUBTOTAL 8. A | SUBTOTAL 8. A |
6,916,520
|
6,916,520
|
6,916,520
|
6,916,520
|
6,916,520
|

11.12%

|
|
|
|
|
|
|
|
|
|
|
|
| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | B 1: Financial Instruments according to DTR5.3.1R (1) (a) | B 1: Financial Instruments according to DTR5.3.1R (1) (a) | B 1: Financial Instruments according to DTR5.3.1R (1) (a) | B 1: Financial Instruments according to DTR5.3.1R (1) (a) | B 1: Financial Instruments according to DTR5.3.1R (1) (a) | B 1: Financial Instruments according to DTR5.3.1R (1) (a) | B 1: Financial Instruments according to DTR5.3.1R (1) (a) | B 1: Financial Instruments according to DTR5.3.1R (1) (a) | B 1: Financial Instruments according to DTR5.3.1R (1) (a) |
| Type of financial instrument | Type of financial instrument | Expiration
datex | Exercise/
Conversion Periodxi | Exercise/
Conversion Periodxi | Exercise/
Conversion Periodxi | Number of voting rights that may be acquired if the instrument is
exercised/converted. | Number of voting rights that may be acquired if the instrument is
exercised/converted. | Number of voting rights that may be acquired if the instrument is
exercised/converted. | % of voting rights |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | SUBTOTAL 8. B 1 | SUBTOTAL 8. B 1 | SUBTOTAL 8. B 1 | N/A | N/A | N/A | N/A |
|
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| B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) |
| Type of financial instrument | Expiration
datex | Expiration
datex | Exercise/
Conversion Period xi | Exercise/
Conversion Period xi | Physical or cash
settlementxii | Physical or cash
settlementxii | Physical or cash
settlementxii | Number of voting rights | % of voting rights |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | SUBTOTAL 8.B.2 | SUBTOTAL 8.B.2 | SUBTOTAL 8.B.2 | N/A | N/A |
| | | | | | | | | | |

| 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) |
| --- | --- | --- | --- | --- |
| Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | X |
| Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | |
| Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
| | | | | |
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| 10. In case of proxy voting, please identify: | 10. In case of proxy voting, please identify: | 10. In case of proxy voting, please identify: | 10. In case of proxy voting, please identify: | 10. In case of proxy voting, please identify: |
| Name of the proxy holder | Name of the proxy holder | N/A | N/A | N/A |
| The number and % of voting rights held | The number and % of voting rights held | N/A | N/A | N/A |
| The date until which the voting rights will be held | The date until which the voting rights will be held | N/A | N/A | N/A |
| | | | | |
| 11. Additional informationxvi | 11. Additional informationxvi | 11. Additional informationxvi | 11. Additional informationxvi | 11. Additional informationxvi |
|
N/A |
N/A |
N/A |
N/A |
N/A |

Place of completion	Edinburgh, UK
Date of completion
6 February 2025

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