Director/PDMR Shareholding

RNS Number : 6201R

Ricardo PLC

29 October 2013

 



Ricardo PLC

Director / PDMR Shareholdings

29 October 2013

London

1.         2006 Long Term Incentive Plan - vesting of plan cycle 3

Ricardo PLC (the "Company") announces that on 25 October 2013, a total of 151,704 ordinary shares of 25 pence each in the Company ("Shares") vested in favour of Executive Directors and other Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2006 Long Term Incentive Plan (the "Plan").  This vesting, details of which are provided below, related to awards that were granted under the Plan on 25 October 2010 and was subject to the satisfaction of both EPS and TSR performance conditions.

Name	Role	No. of Shares that vested on 25 October 2013
Dave Shemmans	Executive Director	97,644
Mark Garrett	Executive Director	33,584
Markus Doerr	PDMR	20,476

2.         Deferred Bonus Plan - Awards granted in 2010

The Company also announces that on 25 October 2013, a total of 11,510 Shares vested in favour of Executive Directors under the terms of the Company's Deferred Bonus Plan.  These awards (which included dividend entitlements) were granted on 25 October 2010. 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 2013
Dave Shemmans	Executive Director	8,650
Mark Garrett	Executive Director	2,860

Immediately on vesting, the Executive Directors realised value in respect of the following shares at a price of £6.615:

Name	Role	No. of Shares realised for value on 25 October 2013
Dave Shemmans	Executive Director	8,650
Mark Garrett	Executive Director	1,345

3.         Net current total holdings of Shares

Following the above notifications, the total holdings of Shares of the relevant Executive Directors and other PDMRs are as follows:

Name	Role	Total holding following this notification	Approximate % of Company's issued share capital
Dave Shemmans	Executive Director	257,814	0.49%
Mark Garrett	Executive Director	57,184	0.11%
Markus Doerr	PDMR	56,701	0.11%

The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.

 

END

 

 

RDSMMMZGLLGGFZG