RICARDO PLC

Director's Dealing • Mar 19, 2025

National Storage Mechanism | Additional information

RNS Number : 2836B

Ricardo PLC

19 March 2025

Ricardo PLC

Director / PDMR Shareholdings

19 March 2025

London

1.         2020 Long Term Incentive Plan - vesting of plan cycle 15B

Ricardo PLC (the "Company") announces that, on 14 March 2025, a total of 8,000 ordinary shares of 25 pence each ("Shares") vested in favour of Mike Bell, a Person Discharging Managerial Responsibilities ("PDMR"), under the terms of the Company's 2020 Long Term Incentive Plan (the "LTIP"). This award was granted on 14 March 2022 and was not subject to any performance conditions.

2.             Realisation of value of shares

Immediately on the vesting of the award referred to in section 1 above, Mike Bell realised value in respect of 3,760 Shares at a price of £2.48.

3.             Net current total holdings of Shares

Following the above notifications, Mike Bell's total holding of Shares is 10,592, equal to approximately 0.017% of the Company's issued share capital.

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

Mike Bell

2

Reason for the notification

a)

Position/status

PDMR: Chief Strategy and Digital 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 award granted on 14 March 2022 pursuant to the terms of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	8,000

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

14 March 2025

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)
£2.48	3,760

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

14 March 2025

f)

Place of the transaction

Outside a trading venue

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