Director/PDMR Shareholding

RNS Number : 7748E
Ricardo PLC
22 October 2018
 

Ricardo PLC

 

Director / PDMR Shareholdings

 

22 October 2018

London

 

 

1.         Deferred Bonus Plan - Awards granted in 2015

 

Ricardo PLC (the "Company") announces that, on 19 October 2018, a total of 38,164 ordinary shares of 25 pence each ("Shares") vested in favour of the Executive Directors under the terms of the Company's 2011 Deferred Bonus Plan (the "DBP").  This vesting, details of which are provided below, related to awards that were granted under the DBP on 19 October 2015. 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 19 October 2018

Dave Shemmans

Executive Director

19,685

Ian Gibson

Executive Director

10,027

Mark Garrett

Executive Director

8,452

 

 

2.         Long Term Incentive Plan - Award granted in 2015

 

Ricardo plc (the "Company") announces that on 19 October 2018, 2,763 ordinary shares of 25 pence each in the Company ("Shares") vested in favour of Chris Barnes, a Person Discharging Managerial Responsibilities under the terms of the Company's 2014 Long Term Incentive Plan (the "LTIP"). The award was granted on 19 October 2018 and was not subject performance conditions.

 

 

3.         Realisation of value of shares

 

Immediately on vesting of the above awards, the Executive Directors and other PDMRs realised value in respect of the following Shares at a price of £7.72:

 

Name

Role

No. of Shares realised for value on 19 October 2018

Dave Shemmans

Executive Director

19,685

Ian Gibson

Executive Director

4,713

Mark Garrett

Executive Director

8,452

Chris Barnes

PDMR

2,763

 

4.         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

Dave Shemmans

Executive Director

101,085

0.189%

Ian Gibson

Executive Director

36,570

0.068%

Mark Garrett

Executive Director

133,223

0.249%

Chris Barnes

PDMR

0

0%

 

 

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

Dave Shemmans

2

Reason for the notification

a)

Position/status

PDMR: Chief Executive Officer

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

Vesting of award granted on 19 October 2015 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

19,685

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

Not applicable

e)

Date of the transaction

2018-10-19

f)

Place of the transaction

Outside a trading venue

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

 Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£7.72

19,685

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-19

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ian Gibson

2

Reason for the notification

a)

Position/status

PDMR: Chief Financial Officer

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

Vesting of award granted on 19 October 2015 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

10,027

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

Not applicable

e)

Date of the transaction

2018-10-19

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£7.72

4,713

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-19

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Garrett

2

Reason for the notification

a)

Position/status

PDMR: Chief Operating Officer

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

Vesting of award granted on 19 October 2015 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

8,452

d)

Aggregated information

-   Aggregated volume

-   Price



Not applicable

e)

Date of the transaction

2018-10-19

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£7.72

8,452

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-19

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Chris Barnes

2

Reason for the notification

a)

Position/status

PDMR:  Managing Director, Ricardo Automotive EMEA

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

Vesting of award granted on 19 October 2015 pursuant to the terms of the Ricardo plc  2014 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

2,763

d)

Aggregated information

-   Aggregated volume

-   Price



Not applicable

e)

Date of the transaction

2018-10-19

f)

Place of the transaction

Outside a trading venue

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

Shares realised for value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£7.72

2,763

d)

Aggregated information

-   Aggregated volume

-   Price

Not applicable

e)

Date of the transaction

2018-10-19

f)

Place of the transaction

 Outside a trading venue

 


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