RICARDO PLC

Remuneration Information • Nov 27, 2023

National Storage Mechanism | Additional information

RNS Number : 8203U

Ricardo PLC

27 November 2023

Ricardo PLC

Director / PDMR Shareholdings

27 November 2023

London

Award of Dividend Shares under the Ricardo PLC Share Incentive Plan (the "SIP")

Ricardo PLC (the "Company") announces that on 24 November 2023 it received notification from the trustee (the "Trustee") of the Company's SIP that on 24 November 2023 it awarded an aggregate of 17 ordinary shares of 25 pence each in the Company ("Shares") at a price of £4.47 per Share to the following Persons Discharging Managerial Responsibilities ("PDMRs"):

Name	No. of Shares awarded on 24 November 2023
Rachel Stringer	3
Mary Moore	14

These awards related to the "Dividend Share" element of the SIP and reflect the automatic reinvestment in further Shares of dividends received in respect of the relevant individuals' SIP shareholdings.

Following the above transactions, the total beneficial holdings of Shares of the relevant PDMRs are set out below:

Name	Total holding following this notification	Approximate % of Company's issued share capital
Rachel Stringer	613	0.001
Mary Moore	2,653	0.004

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

Rachel Stringer (the "Participant")

2

Reason for the notification

a)

Position/status

PDMR: Global President, Clean Energy and Environmental Solutions

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

Award to the Participant of dividend reinvestment Shares by Link Market Services Trustees Limited, the trustee of the Ricardo plc Share Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£4.47	3

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2023-11-24

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mary Moore (the "Participant")

2

Reason for the notification

a)

Position/status

PDMR: Group People, Team and Organisation Director

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

Award to the Participant of dividend reinvestment Shares by Link Market Services Trustees Limited, the trustee of the Ricardo plc Share Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£4.47	14

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2023-11-24

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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