Director/PDMR Shareholding

RNS Number : 8677D

Ricardo PLC

29 October 2015

 



Ricardo PLC

Director / PDMR Shareholdings

29 October 2015

London

1.         2011 Deferred Bonus Plan - Awards granted in 2014 with a 1 year deferral period

The Company announces that on 29 October 2015, a total of 2,869 Shares vested in favour of Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2011 Deferred Bonus Plan.  These awards (which included dividend entitlements) were granted on 29 October 2014. They vested following the end of a one year Deferral Period and were not subject to performance conditions. Further details of this vesting are provided below. The remaining awards granted to the PDMRs listed below on 29 October 2014 are expected to vest in 2016 and 2017 at the end of two-year and three-year Deferral Periods respectively.

Name	Role	No. of Shares that vested on 29 October 2015
Mark Barge	PDMR	2,176
Gary Tan	PDMR	459
Clive Wotton	PDMR	234

Immediately on vesting, the Executive Directors sold the Shares set out below at a price of £9.01:

Name	Role	No. of Shares sold on 29 October 2015
Mark Barge	PDMR	1,023
Gary Tan	PDMR	459
Clive Wotton	PDMR	55

2.         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
Mark Barge	PDMR	1,886	0.004%
Gary Tan	PDMR	0	0%
Clive Wotton	PDMR	179	0.001%

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

 

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