Director/PDMR Shareholding

Ricardo PLC

28 November 2023

 

Ricardo PLC

Director / PDMR Shareholdings

28 November 2023

London

1.         2020 Long Term Incentive Plan - vesting of plan cycle 14

Ricardo PLC (the "Company") announces that, on 27 November 2023, a total of 31,355 ordinary shares of 25 pence each ("Shares") vested in favour of Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2020 Long Term Incentive Plan (the "LTIP").  This vesting, details of which are provided below, related to awards that were granted under the LTIP on 27 November 2020. Full details of the Remuneration Committee's assessment of the Company's performance against the vesting conditions will be provided in the 2024 Directors' Remuneration Report.

Name	Role	No. of Shares that vested on 27 November 2023
Mike Bell	PDMR	6,760
Chester Gryczan	PDMR	16,457
Clive Wotton	PDMR	8,138

2.         Realisation of value of shares

Immediately on vesting of the above awards, the PDMRs realised value in respect of the following Shares at a price of £4.65:

Name	Role	No. of Shares realised for value on 27 November 2023
Mike Bell	PDMR	3,178
Chester Gryczan	PDMR	16,457
Clive Wotton	PDMR	8,138

3.         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
Mike Bell	PDMR	6,352	0.010%
Chester Gryczan	PDMR	0	0.000%
Clive Wotton	PDMR	0	0.000%

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	Mike Bell
2	Reason for the notification
a)	Position/status	PDMR: Chief Strategy and Digital 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 pursuant to the terms of the Ricardo 2020 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 6,760
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2023-11-27
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) £4.65 3,178
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2023-11-27
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Chester Gryczan
2	Reason for the notification
a)	Position/status	PDMR: President - Ricardo Defense Systems
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 pursuant to the terms of the Ricardo 2020 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 16,457
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2023-11-27
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) £4.65 16,457
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2023-11-27
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Clive Wotton
2	Reason for the notification
a)	Position/status	PDMR: Group Director, Sustainability, Quality and Risk
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 pursuant to the terms of the Ricardo 2020 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 8,138
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2023-11-27
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) £4.65 8,138
d)	Aggregated information -   Aggregated volume -   Price	Not applicable
e)	Date of the transaction	2023-11-27
f)	Place of the transaction	Outside a trading venue

 

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