RICARDO PLC — Director's Dealing 2019

Oct 29, 2019

National Storage Mechanism | Additional information

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RNS Number : 5150R

Ricardo PLC

29 October 2019

Ricardo PLC

Director / PDMR Shareholdings

29 October 2019

London

1.       2011 Deferred Bonus Plan - vesting of awards granted in 2016 with a 3 year deferral period

Ricardo PLC (the "Company") announces that, on 25 October 2019, a total of 41,705 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 2011 Deferred Bonus Plan ("DBP"). These awards (which included dividend entitlements) were granted on 25 October 2016. 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 25 October 2019
Dave Shemmans	Executive Director	20,762
Ian Gibson	Executive Director	10,311
Mark Garrett	Executive Director	8,850
Tim Curtis	PDMR	195
Paul Seller	PDMR	779
Gary Tan	PDMR	808

2.                     2011 Deferred Bonus Plan - vesting of awards granted in 2018 with a 1 year deferral period

The Company also announces that on 25 October 2019, a total of 6,213 Shares vested in favour of certain PDMRs under the terms of the DBP. These awards (which included dividend entitlements) were granted on 25 October 2018. They vested following the end of a one 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 2019
Chris Amsden	PDMR	1,076
Tim Curtis	PDMR	116
Chester Gryczan	PDMR	285
James Mills	PDMR	171
James Passemard	PDMR	248
Paul Seller	PDMR	984
Gary Tan	PDMR	1,565
Gareth Taylor	PDMR	969
David Wisnieski	PDMR	799

3.            Lapse of awards granted in 2016

The Company also announces that the remuneration committee of its board of directors has completed its assessment of the performance conditions governing:

·      the LTIP cycle 10 awards that had originally been granted to the Executive Directors and PDMRs on 25 October 2016 under the Company's 2014 Long Term Incentive Plan; and

·      the bonus-linked share awards that had originally been granted to the Executive Directors and PDMRs on 25 October 2016 under the DBP,

and concluded that these awards would lapse immediately and cease to exist.

4.         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 £6.50:

Name	Role	No. of Shares realised for value on 25 October 2019
Dave Shemmans	Executive Director	20,762
Ian Gibson	Executive Director	4,847
Mark Garrett	Executive Director	8,850
Chris Amsden	PDMR	452
Tim Curtis	PDMR	311
Chester Gryczan	PDMR	285
James Mills	PDMR	171
James Passemard	PDMR	248
Paul Seller	PDMR	1,763
Gary Tan	PDMR	2,373
Gareth Taylor	PDMR	969
David Wisnieski	PDMR	799

5.         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	47,827	0.090%
Mark Garrett	Executive Director	59,723	0.112%
Chris Amsden	PDMR	2,464	0.005%
Tim Curtis	PDMR	241	0.0005%
Chester Gryczan	PDMR	0	0.000%
James Mills	PDMR	1,341	0.003%
James Passemard	PDMR	1,467	0.003%
Paul Seller	PDMR	0	0.000%
Gary Tan	PDMR	0	0.000%
Gareth Taylor	PDMR	0	0.000%
David Wisnieski	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 award granted on 25 October 2016 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	20,762

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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)
£6.50	20,762

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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 award granted on 25 October 2016 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	10,311

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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)
£6.50	4,847

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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 award granted on 25 October 2016 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	8,850

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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)
£6.50	8,850

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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 award granted on 25 October 2018 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	1,076

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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)
£6.50	452

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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 - 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 25 October 2016 and 25 October 2018 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	195
£0	116

d)

Aggregated information

-   Aggregated volume

-   Price

311

£0

e)

Date of the transaction

2019-10-25

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)
£6.50	311

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Chester Gryczan

2

Reason for the notification

a)

Position/status

PDMR: President - Ricardo Defense Systems

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 25 October 2018 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	285

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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)
£6.50	285

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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 award granted on 25 October 2018 pursuant to the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	171

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable.

e)

Date of the transaction

2019-10-25

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)
£6.50	171

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

James Passemard

2

Reason for the notification

a)

Position/status

PDMR: Global Managing Director - Ricardo Strategic Consulting

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 25 October 2018 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	248

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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)
£6.50	248

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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 25 October 2016 and 25 October 2018 pursuant to the terms of the Ricardo 2014 Long Term Incentive Plan and Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	779
£0	984

d)

Aggregated information

-   Aggregated volume

-   Price

1,763

£0

e)

Date of the transaction

2019-10-25

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)
£6.50	1,763

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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 25 October 2016 and 25 October 2018 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	808
£0	1,565

d)

Aggregated information

-   Aggregated volume

-   Price

2,373

£0

e)

Date of the transaction

2019-10-25

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)
£6.50	2,373

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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 - 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 award granted on 25 October 2018 pursuant to the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	969

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable.

e)

Date of the transaction

2019-10-25

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)
£6.50	969

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Wisnieski

2

Reason for the notification

a)

Position/status

PDMR: VP Finance - 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 award granted 25 October 2018 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	799

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

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)
£6.50	799

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2019-10-25

f)

Place of the transaction

Outside a trading venue

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END

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