RICARDO PLC

Remuneration Information • Nov 4, 2014

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RNS Number : 1583W

Ricardo PLC

04 November 2014

Ricardo PLC

Director / PDMR Shareholdings

4 November 2014

London

1.         2006 Long Term Incentive Plan - vesting of plan cycle 5

Ricardo plc (the "Company") announces that on 3 November 2014, a total of 123,314 ordinary shares of 25 pence each in the Company ("Shares") vested in favour of Executive Directors and other Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2006 Long Term Incentive Plan (the "LTIP"). This vesting, details of which are provided below, related to awards that were granted under the LTIP on 3 November 2011 and was subject to the satisfaction of both EPS and TSR performance conditions.

Name	Role	No. of Shares that vested on 3 November 2014
Dave Shemmans	Executive Director	72,856
Mark Garrett	Executive Director	20,001
Markus Doerr	PDMR	20,366
Martin Fausset	PDMR	10,091

2.         Deferred Bonus Plan - Awards granted in 2011

The Company also announces that on 3 November 2014, a total of 60,944 Shares vested in favour of Executive Directors and other PDMRs under the terms of the Company's Deferred Bonus Plan.  These awards (which included dividend entitlements) were granted on 3 November 2011. 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 3 November 2014
Dave Shemmans	Executive Director	38,408
Mark Garrett	Executive Director	15,021
Markus Doerr	PDMR	2,105
Martin Fausset	PDMR	5,410

Immediately on vesting of the above awards under the Deferred Bonus Plan, the Executive Directors and PDMRs realised value in respect of the following Shares at a price of £6.60:

Name	Role	No. of Shares realised for value on 3 November 2014
Dave Shemmans	Executive Director	38,408
Mark Garrett	Executive Director	7,060
Markus Doerr	PDMR	2,105
Martin Fausset	PDMR	2,543

3.         Net current total holdings of Shares

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

Name	Role	Total holding following this notification	Approximate % of Company's issued share capital
Dave Shemmans	Executive Director	176,941	0.338%
Mark Garrett	Executive Director	68,625	0.131%
Markus Doerr	PDMR	56,591	0.108%
Martin Fausset	PDMR	14,014	0.027%

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

END

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