RICARDO PLC

Remuneration Information • Dec 18, 2023

National Storage Mechanism | Additional information

RNS Number : 1454X

Ricardo PLC

18 December 2023

Ricardo PLC

Director / PDMR Shareholdings

18 December 2023

London

1.         2020 Long Term Incentive Plan - grant of plan cycle 17B awards

Ricardo PLC (the "Company") announces that, on 15 December 2023, a conditional award over a total of 24,514 shares of 25 pence each in the Company ("Shares") was granted to Jason O'Donnell, a Person Discharging Managerial Responsibility ("PDMR") as set out below under the terms of the Company's 2020 Long Term Incentive Plan (the "LTIP"). The award will vest on 16 November 2026 and is subject to TSR, EPS and ESG performance conditions and continued employment. The award is also inclusive of the one-off 'Accelerator' LTIP award that will vest subject to the achievement of stretching EPS targets in excess of that required to trigger maximum vesting of the 'Core' LTIP award.

Name	Role	No. of Shares over which awards granted
Jason O'Donnell	PDMR	24,514

2.         2020 Long Term Incentive Plan - grant of discretionary retention awards

The Company also announces that, on 15 December 2023, a discretionary retention award over a total of 15,000 Shares was granted to Jason O'Donnell, a PDMR, as set out below under the terms of the Company's LTIP. This award will vest on 16 November 2026 and is not subject to any performance conditions.

Name	Role	No. of Shares over which awards granted
Jason O'Donnell	PDMR	15,000

3. Current total holdings of awards/options over shares

Following the above notification, the total number of Shares over which the relevant PDMR holds outstanding awards / options is set out below:

Name	Role	Total holding following this notification	Approximate % of Company's issued share capital
Jason O'Donnell	PDMR	54,430	0.087%

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

Jason O'Donnell

2

Reason for the notification

a)

Position/status

PDMR: Managing Director - Global A&I

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

Conditional and retention awards of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	24,514
Nil	15,000

d)

Aggregated information

-   Aggregated volume

-   Price

39,514

Nil

e)

Date of the transaction

2023-12-15

f)

Place of the transaction

Outside a trading venue

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