RICARDO PLC

Director's Dealing • Oct 26, 2021

National Storage Mechanism | Additional information

RNS Number : 3479Q

Ricardo PLC

26 October 2021

Ricardo PLC

Director / PDMR Shareholdings

27 October 2021

London

1.       2011 Deferred Bonus Plan - vesting of awards granted in 2018 with a 3 year deferral period

Ricardo PLC (the "Company") announces that, on 25 October 2021, a total of 13,196 ordinary shares of 25 pence each ("Shares") vested in favour of an Executive Director 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 2018. 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 2021
Ian Gibson	Executive Director	10,416
Tim Curtis	PDMR	120
Paul Seller	PDMR	1,026
Gary Tan	PDMR	1,634

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

The Company also announces that on 25 October 2021, a total of 3,318 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 25 October 2021
Paul Seller	PDMR	355
Tim Curtis	PDMR	1,146
Chester Gryczan	PDMR	1,192
Gary Tan	PDMR	625

3.            Lapse of awards granted in 2018

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 12 awards that had originally been granted to the Executive Directors and PDMRs on 25 October 2018 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 2018 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 Director and other PDMRs realised value in respect of the following Shares at a price of £4.27:

Name	Role	No. of Shares realised for value on 25 October 2021
Ian Gibson	Executive Director	4,896
Tim Curtis	PDMR	1,266
Chester Gryczan	PDMR	1,192
Paul Seller	PDMR	1,381
Gary Tan	PDMR	0

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
Ian Gibson	Executive Director	60,854	0.098%
Tim Curtis	PDMR	1,079	0.002%
Chester Gryczan	PDMR	0	0.000%
Paul Seller	PDMR	0	0.000%
Gary Tan	PDMR	4,509	0.007%

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

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

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	10,416

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2021-10-25

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)
£4.27	4,896

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2021-10-25

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 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	1,146
£0	120

d)

Aggregated information

-   Aggregated volume

-   Price

1,266

£0

e)

Date of the transaction

2021-10-25

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)
£4.27	1,266

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2021-10-25

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

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	1,192

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2021-10-25

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)
£4.27	1,192

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2021-10-25

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 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	1,026
£0	355

d)

Aggregated information

-   Aggregated volume

-   Price

1,381

£0

e)

Date of the transaction

2021-10-25

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)
£4.27	1,381

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2021-10-25

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 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	1,634
£0	625

d)

Aggregated information

-   Aggregated volume

-   Price

2,259

£0

e)

Date of the transaction

2021-10-25

f)

Place of the transaction

Outside a trading venue

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