RICARDO PLC

Remuneration Information • Oct 29, 2018

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RNS Number : 5252F

Ricardo PLC

29 October 2018

Ricardo PLC

Director / PDMR Shareholdings

29 October 2018

London

1.         2014 Long Term Incentive Plan - vesting of plan cycle 9

Ricardo PLC (the "Company") announces that, on 25 October 2018, a total of 47,230 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 2014 Long Term Incentive Plan (the "LTIP").  This vesting, details of which are provided below, related to awards that were granted under the LTIP on 19 October 2015 and was subject to the satisfaction of both EPS and TSR performance conditions.

Name	Role	No. of Shares that vested on 25 October 2018
Dave Shemmans	Executive Director	20,157
Ian Gibson	Executive Director	7,137
Mark Garrett	Executive Director	6,228
Chris Amsden	PDMR	820
Mark Barge	PDMR	2,068
Chris Barnes	PDMR	933
Tim Curtis	PDMR	1,774
James Mills	PDMR	770
Paul Rivera	PDMR	1,236
Ian Rogerson	PDMR	873
Paul Seller	PDMR	2,041
Gary Tan	PDMR	2,500
Gareth Taylor	PDMR	693

2.         2011 Deferred Bonus Plan - Awards granted in 2016 with a 2 year deferral period

The Company also announces that on 25 October 2018, a total of 1,915 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.  These awards (which included dividend entitlements) were granted on 25 October 2016. 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 25 October 2018
Mark Barge	PDMR	179
Tim Curtis	PDMR	192
Paul Seller	PDMR	757
Gary Tan	PDMR	787

2.         2011 Deferred Bonus Plan - vesting of "bonus-linked share awards" granted in 2015

The Company also announces that, on 25 October 2018, a total of 14,442 Shares vested in favour of Executive Directors pursuant to "bonus-linked share awards" originally granted under the Company's 2011 Deferred Bonus Plan (the "DBP") on 19 October 2015. These awards correspond to, and were granted at the same time as, the "deferred awards" under the DBP that vested on 19 October 2018.  The vesting of the bonus-linked share awards, details of which are provided below, was subject to the same performance conditions that applied to the awards granted under cycle 9 of the LTIP.

Name	Role	No. of Shares that vested on 25 October 2018
Dave Shemmans	Executive Director	7,448
Ian Gibson	Executive Director	3,795
Mark Garrett	Executive Director	3,199

3.         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 £7.20:

Name	Role	No. of Shares realised on 25 October 2018
Dave Shemmans	Executive Director	27,605
Ian Gibson	Executive Director	5,139
Mark Garrett	Executive Director	9,427
Chris Amsden	PDMR	386
Mark Barge	PDMR	1,057
Chris Barnes	PDMR	933
Tim Curtis	PDMR	1,966
James Mills	PDMR	770
Paul Rivera	PDMR	1,236
Ian Rogerson	PDMR	873
Paul Seller	PDMR	2,798
Gary Tan	PDMR	3,287
Gareth Taylor	PDMR	693

4.         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	42,363	0.079%
Mark Garrett	Executive Director	133,223	0.249%
Chris Amsden	PDMR	1,556	0.003%
Mark Barge	PDMR	2,566	0.005%
Chris Barnes	PDMR	0	0.000%
Tim Curtis	PDMR	66	0.0001%
James Mills	PDMR	1,049	0.002%
Paul Rivera	PDMR	9,382	0.018%
Ian Rogerson	PDMR	0	0.000%
Paul Seller	PDMR	0	0.000%
Gary Tan	PDMR	0	0.000%
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

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 awards granted on 19 October 2015 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	20,157
£0	7,448

d)

Aggregated information

-   Aggregated volume

-   Price

27,605

£0

e)

Date of the transaction

2018-10-25

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)
£7.20	27,605

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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 awards granted on 19 October 2015 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	7,137
£0	3,795

d)

Aggregated information

-   Aggregated volume

-   Price

10,932

£0

e)

Date of the transaction

2018-10-25

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)
£7.20	5,139

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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 awards granted on 19 October 2015 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	6,228
£0	3,199

d)

Aggregated information

-   Aggregated volume

-   Price

9,427

£0

e)

Date of the transaction

2018-10-25

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

Realisation of value of shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£7.20	9,427

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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 an award granted on 19 October 2015 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	820

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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)
£7.20	386

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Barge

2

Reason for the notification

a)

Position/status

PDMR: Managing 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 awards granted on 19 October 2015 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and 25 October 2016 in terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	2,068
£0	179

d)

Aggregated information

-   Aggregated volume

-   Price

2,247

£0

e)

Date of the transaction

2018-10-25

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)
£7.20	1,057

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Chris Barnes

2

Reason for the notification

a)

Position/status

PDMR: Managing Director -  EMEA Automotive

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 19 October 2015 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	933

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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)
£7.20	933

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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 - Ricardo 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 19 October 2015 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and 25 October 2016 in terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	1,774
£0	192

d)

Aggregated information

-   Aggregated volume

-   Price

1,966

£0

e)

Date of the transaction

2018-10-25

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)
£7.20	1,966

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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 an award granted on 19 October 2015 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	770

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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)
£7.20	770

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Paul Rivera

2

Reason for the notification

a)

Position/status

PDMR: President, 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 an award granted on 19 October 2015 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	1,236

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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)
£7.20	1,236

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ian Rogerson

2

Reason for the notification

a)

Position/status

PDMR: Finance Director - Ricardo 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 an award granted on 19 October 2015 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	873

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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)
£7.20	873

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

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 19 October 2015 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and 25 October 2016 in terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	2,041
£0	757

d)

Aggregated information

-   Aggregated volume

-   Price

2,798

£0

e)

Date of the transaction

2018-10-25

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)
£7.20	2,798

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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 19 October 2015 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and 25 October 2016 in terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	2,500
£0	787

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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)
£7.20	3,287

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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 - Transportation

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 an award granted on 19 October 2015 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	693

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

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)
£7.20	693

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-25

f)

Place of the transaction

Outside a trading venue

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