Director/PDMR Shareholding

RNS Number : 6971G

Ricardo PLC

24 October 2008

 



Director/PDMR Shareholdings

1. 1996 Long Term Incentive Plan Cycle 10 vesting

The Company announces that on 24 October 2008, awards of ordinary shares of 25p each in Ricardo plc in relation to the three year Plan Cycle ending in June 2008 and made under the Company's 1996 Long Term Incentive Plan to the directors and PDMRs set out below were subject to TSR performance conditions and vested as follows:

Director/PDMR	Shares vesting
Dave Shemmans	24,643
Mark Garrett	2,063
Paul McNamara	4,585
Bob Allsopp	6,579

The following 25p ordinary shares were sold at 2.81p per share to account for tax payable on the above vestings as follows:

Director/PDMR	Shares sold
Dave Shemmans	10,320
Mark Garrett	864
Paul McNamara	1,920
Bob Allsopp	2,755

2. Steve Parker deferred shares vesting

The Company announces that on 24 October 2008 a deferred share award made to Steve Parker, a director of the Company, on 26 September 2006 over 80,241 ordinary shares of 25p each in Ricardo plc (including dividend entitlements), and not subject to performance conditions, vested in full.  46,639 25p ordinary shares are being delivered to Steve Parker following deductions for tax.

Following the notifications above, their total holdings of ordinary shares are as follows:

Director/PDMR	Total holdings following this notification	% of Company's issued share capital
Dave Shemmans	30,508	0.06%
Steve Parker	120,978	0.24%
Mark Garrett	5,125	0.01%
Paul McNamara	3,250	0.01%
Bob Allsopp	12,564	0.02%

Contact name:                        David Oglethorpe, Company Secretary, Ricardo plc

Contact telephone number:    01926 319302

 

END

 

 

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