RICARDO PLC

Director's Dealing • Oct 27, 2020

National Storage Mechanism | Additional information

RNS Number : 3797D

Ricardo PLC

27 October 2020

Ricardo PLC

Director / PDMR Shareholdings

27 October 2020

London

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

Ricardo PLC (the "Company") announces that, on 26 October 2020, a total of 3,027 ordinary shares of 25 pence each ("Shares") vested in favour of certain 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 2018. 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 26 October 2020
Tim Curtis	PDMR	120
James Passemard	PDMR	257
Paul Seller	PDMR	1,023
Gary Tan	PDMR	1,627

2.                     2011 Deferred Bonus Plan - vesting of awards granted in 2019 with a 1 year deferral period

The Company also announces that on 26 October 2020, a total of 11,461 Shares vested in favour of certain PDMRs under the terms of the DBP. These awards (which included dividend entitlements) were granted on 24 October 2019. 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 26 October 2020
Chris Amsden	PDMR	1,924
Tim Curtis	PDMR	1,142
Chester Gryczan	PDMR	1,188
James Mills	PDMR	307
Alex Pascoe	PDMR	783
James Passemard	PDMR	1,440
Ian Rogerson	PDMR	1,238
Patricia Ryan	PDMR	893
Paul Seller	PDMR	354
Brian Smith	PDMR	1,441
Gary Tan	PDMR	623
Gareth Taylor	PDMR	128

3.            Lapse of awards granted in 2017

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 11 awards that had originally been granted to the Executive Directors and PDMRs on 8 November 2017 under the Company's 2014 Long Term Incentive Plan and concluded that these awards would lapse immediately and cease to exist.

4.         Sale of Shares

Following the above vestings, the PDMRs sold the Shares set out below on 26 October 2020 at a price of £3.72:

Name	Role	No. of Shares sold on 26 October 2020
Chris Amsden	PDMR	905
Tim Curtis	PDMR	1,262
Chester Gryczan	PDMR	1,188
James Mills	PDMR	307
Alex Pascoe	PDMR	368
James Passemard	PDMR	798
Ian Rogerson	PDMR	1,238
Patricia Ryan	PDMR	893
Paul Seller	PDMR	1,377
Brian Smith	PDMR	1,441
Gary Tan	PDMR	0
Gareth Taylor	PDMR	128

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
Chris Amsden	PDMR	3,904	0.007%
Tim Curtis	PDMR	633	0.001%
Chester Gryczan	PDMR	0	0.000%
James Mills	PDMR	1,774	0.003%
Alex Pascoe	PDMR	518	0.001%
James Passemard	PDMR	2,407	0.003%
Ian Rogerson	PDMR	0	0.000%
Patricia Ryan	PDMR	20,249	0.038%
Paul Seller	PDMR	0	0.000%
Brian Smith	PDMR	0	0.000%
Gary Tan	PDMR	2,250	0.004%
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

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 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	1,924

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.72	905

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

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 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	120
£0	1,142

d)

Aggregated information

-   Aggregated volume

-   Price

1,262

£0

e)

Date of the transaction

2020-10-26

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.72	1,262

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

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 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	1,188

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.72	1,188

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

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 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	307

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable.

e)

Date of the transaction

2020-10-26

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.72	307

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alex Pascoe

2

Reason for the notification

a)

Position/status

PDMR: Group Financial Controller

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 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	783

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.72	368

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

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 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	1,440
£0	257

d)

Aggregated information

-   Aggregated volume

-   Price

1,697

£0

e)

Date of the transaction

2020-10-26

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.72	798

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

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 award granted on 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	1,238

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.72	1,238

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Patricia Ryan

2

Reason for the notification

a)

Position/status

PDMR: Company Secretary and General Counsel

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 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	893

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.72	893

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

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 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	1,023
£0	354

d)

Aggregated information

-   Aggregated volume

-   Price

1,377

£0

e)

Date of the transaction

2020-10-26

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.72	1,377

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Brian Smith

2

Reason for the notification

a)

Position/status

PDMR: VP Finance - 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 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	1,441

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.72	1,441

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

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 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	1,627
£0	623

d)

Aggregated information

-   Aggregated volume

-   Price

2,250

£0

e)

Date of the transaction

2020-10-26

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 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	128

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable.

e)

Date of the transaction

2020-10-26

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

Sale of Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.72	128

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2020-10-26

f)

Place of the transaction

Outside a trading venue

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END

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