RICARDO PLC

Remuneration Information • Oct 29, 2014

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RNS Number : 6140V

Ricardo PLC

29 October 2014

Ricardo PLC

Director / PDMR Shareholdings

29 October 2014

London

1.         2014 Long Term Incentive Plan - grant of plan cycle 8

Ricardo PLC (the "Company") announces that, on 29 October 2014, conditional awards over a total of 180,227 shares of 25 pence each in the Company ("Shares") were granted to Executive Directors and other PDMRs as set out below under the terms of the Company's 2014 Long Term Incentive Plan (the "LTIP") which was approved by shareholders at today's Annual General Meeting.  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	69,269
Ian Gibson	Executive Director	24,525
Mark Garrett	Executive Director	21,404
Clive Wotton	PDMR	7,931
Robert Hentschel	PDMR	7,617
Markus Döerr	PDMR	11,542
Gary Tan	PDMR	8,601
Robert Bell	PDMR	8,611
Martin Fausset	PDMR	13,620
Mark Barge	PDMR	7,107

2.         2011 Deferred Bonus Plan - grant of deferred awards and matching awards

The Company also announces that, on 29 October 2014, conditional "deferred awards" over a total of 35,691 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 Mark Barge whose award vests 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	16,640
Ian Gibson	Executive Director	8,082
Mark Garrett	Executive Director	6,859
Clive Wotton	PDMR	680
Gary Tan	PDMR	1,331
Mark Barge	PDMR	2,099

Finally, further conditional "matching awards" over a total of 31,581 Shares were granted to Executive Directors under the terms of the DBP on the basis of one Share comprised in such a "matching award" for each Share comprised in the corresponding deferred award (detailed above) granted to an individual on the same occasion. Details of these DBP matching 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 29 October 2014 under cycle 8 of the LTIP, are set out below:

Name	Role	No. of Shares over which awards granted
Dave Shemmans	Executive Director	16,640
Ian Gibson	Executive Director	8,082
Mark Garrett	Executive Director	6,859

3.         Current total holdings of awards / options over Shares

Following the above notifications, 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 no. of Shares subject to awards and options now held	Approximate % of Company's issued share capital
Dave Shemmans	Executive Director	590,782	1.13%
Ian Gibson	Executive Director	66,672	0.13%
Mark Garrett	Executive Director	205,848	0.39%
Clive Wotton	PDMR	20,127	0.04%
Robert Hentschel	PDMR	16,232	0.03%
Markus Döerr	PDMR	84,407	0.16%
Gary Tan	PDMR	39,033	0.07%
Robert Bell	PDMR	32,165	0.06%
Martin Fausset	PDMR	76,096	0.15%
Mark Barge	PDMR	19,372	0.04%

The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.

This information is provided by RNS

The company news service from the London Stock Exchange

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