RICARDO PLC

Remuneration Information • Oct 25, 2022

National Storage Mechanism | Additional information

RNS Number : 0628E

Ricardo PLC

25 October 2022

Ricardo PLC

Director / PDMR Shareholdings

25 October 2022

London

1.       2011 Deferred Bonus Plan - vesting of awards granted in 2019 with a 3 year deferral period

Ricardo PLC (the "Company") announces that, on 24 October 2022, a total of 9,665 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 24 October 2019. 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 24 October 2022
Ian Gibson	Executive Director	7,283
Tim Curtis	PDMR	1,168
Chester Gryczan	PDMR	1,214

2.         2014 Long Term Incentive Plan - vesting of retention award

Ricardo PLC (the "Company") announces that, on 24 October 2022, a total of 13,716 ordinary shares of 25 pence each ("Shares") vested in favour of Marques McCammon, a person discharging managerial responsibilities, under the terms of the Company's 2014 Long Term Incentive Plan (the "LTIP").  This vesting related to an award that was granted to him under the LTIP on 24 October 2019 that was not subject to the satisfaction of performance conditions.

3.            Lapse of awards granted in 2019

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 13 awards that had originally been granted to the Executive Directors and PDMRs on 24 October 2019 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 24 October 2019 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 awards referred to in sections 1 and 2 above, the Executive Directors and other PDMRs realised value in respect of the following Shares at a price of £4.44:

Name	Role	No. of Shares realised for value on 24 October 2022
Ian Gibson	Executive Director	3,424
Tim Curtis	PDMR	1,168
Chester Gryczan	PDMR	1,214
Marques McCammon	PDMR	13,716

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	64,713	0.104%
Tim Curtis	PDMR	1,543	0.002%
Chester Gryczan	PDMR	0	0%
Marques McCammon	PDMR	0	0%

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 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	7,283

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2022-10-24

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)
£4.44	3,424

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2022-10-24

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 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	1,168

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2022-10-24

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)
£4.44	1,168

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2022-10-24

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	1,214

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2022-10-24

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)
£4.44	1,214

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2022-10-24

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Marques McCammon

2

Reason for the notification

a)

Position/status

PDMR: Managing Director, Automotive & Industrial

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 2014 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0	13,716

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2022-10-24

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)
£4.44	13,716

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2022-10-24

f)

Place of the transaction

Outside a trading venue

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