Form 8.3 Replacement RICARDO PLC

Companies

Barclays (BARC)
Ricardo (RCDO)

UK 100

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FORM 8.3 Amendment - this form replaces RNS number 4391N published at 14:33 on 18/06/2025, changes made to section 2a and 3a.
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR
MORE
Rule 8.3 of the Takeover Code (the "Code")
1.				KEY INFORMATION
(a)	Full name of discloser:				Barclays PLC.
(b)	Owner or controller of interest and short
	positions disclosed, if different from 1(a):
(c)	Name of offeror/offeree in relation to whose				RICARDO PLC
	relevant securities this form relates:
(d)	If an exempt fund manager connected with an
	offeror/offeree, state this and specify identity of
	offeror/offeree:
(e)	Date position held/dealing undertaken:				17 Jun 2025
(f)	In addition to the company in 1(c) above, is the discloser making				NO
	disclosures in respect of any other party to the offer?
2.				POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing(if any)
Class of relevant security:				25p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			145,527	0.23%	688,479	1.10%
(2)	Cash-settled derivatives:
	and/or controlled:			664,318	1.07%	145,527	0.23%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%

	TOTAL:			809,845	1.30%	834,006	1.34%
(b)	Rights to subscribe for new securities (including directors and other executive
	options)
Class of relevant security in relation to
which subscription right exists
Details, including nature of the rights
concerned and relevant percentages:
3.				DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Number of		Price per unit
security				securities
25p ordinary		Purchase		12,460		4.2636 GBP
25p ordinary		Purchase		7,285		4.2501 GBP
25p ordinary		Purchase		5,338		4.2371 GBP
25p ordinary		Purchase		4,929		4.2839 GBP
25p ordinary		Purchase		4,483		4.2577 GBP
25p ordinary		Purchase		3,770		4.2470 GBP
25p ordinary		Purchase		3,583		4.3200 GBP
25p ordinary		Purchase		2,723		4.2600 GBP
25p ordinary		Purchase		1,738		4.2362 GBP
25p ordinary		Purchase		1,434		4.2702 GBP
25p ordinary		Purchase		955		4.2500 GBP
25p ordinary		Purchase		925		4.2456 GBP
25p ordinary		Purchase		775		4.2700 GBP
25p ordinary		Purchase		106		4.2445 GBP
25p ordinary		Purchase		33		4.2400 GBP
25p ordinary		Sale		70,390		4.2400 GBP
25p ordinary		Sale		17,231		4.3200 GBP
25p ordinary		Sale		2,051		4.3189 GBP
25p ordinary		Sale		52		4.2438 GBP
25p ordinary		Sale		16		4.2525 GBP
25p ordinary		Sale		3		4.2600 GBP
25p ordinary		Sale		2		4.2500 GBP

(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
25p ordinary		SWAP		Increasing Long		70,384	4.2400 GBP
25p ordinary		SWAP		Increasing Long		23,344	4.3200 GBP
25p ordinary		SWAP		Decreasing Long		1,738	4.2362 GBP
25p ordinary		SWAP		Decreasing Long		3,770	4.2470 GBP
25p ordinary		SWAP		Decreasing Long		100	4.2500 GBP
25p ordinary		SWAP		Decreasing Long		6,749	4.2536 GBP
25p ordinary		SWAP		Decreasing Long		6,507	4.2543 GBP
25p ordinary		SWAP		Decreasing Long		4,483	4.2577 GBP
25p ordinary		SWAP		Decreasing Long		12,460	4.2636 GBP
25p ordinary		SWAP		Decreasing Long		775	4.2700 GBP
25p ordinary		SWAP		Decreasing Long		4,929	4.2839 GBP
25p ordinary		SWAP		Decreasing Long		1,558	4.3200 GBP

(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates


(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit


(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)

4.				OTHER INFORMATION
(a)	Indemnity and other dealings arrangements
Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to deal
or refrain from dealing entered into by the exempt principal trader making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
NONE
(b)	Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between
the person making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				20 Jun 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213