TIDMRCDO
RNS Number : 4332N
Ricardo PLC
25 October 2016
Ricardo PLC
Director / PDMR Shareholdings
25 October 2016
London
1. 2006 Long Term Incentive Plan - vesting of plan cycle 7
Ricardo PLC (the "Company") announces that, on 25 October 2016,
a total of 152,436 ordinary shares of 25 pence each ("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 "LTIP"). This
vesting, details of which are provided below, related to awards
that were granted under the LTIP on 16 October 2013 and was subject
to the satisfaction of both EPS and TSR performance conditions.
Name Role No. of Shares that vested
on 25 October 2016
--------------- ----------- --------------------------
Executive
Dave Shemmans Director 73,380
--------------- ----------- --------------------------
Executive
Mark Garrett Director 22,676
--------------- ----------- --------------------------
Executive
Ian Gibson Director 25,983
--------------- ----------- --------------------------
Mark Barge PDMR 6,270
--------------- ----------- --------------------------
Markus Doerr PDMR 12,674
--------------- ----------- --------------------------
Paul Rivera PDMR 2,254
--------------- ----------- --------------------------
Gary Tan PDMR 9,199
--------------- ----------- --------------------------
2. 2011 Deferred Bonus Plan - vesting of "matching awards" granted in 2013
The Company also announces that, on 25 October 2016, a total of
49,912 Shares vested in favour of Executive Directors pursuant to
"matching awards" originally granted under the Company's 2011
Deferred Bonus Plan (the "DBP") on 16 October 2013. These awards
correspond to, and were granted at the same time as, the "deferred
awards" under the DBP that vested on 17 October 2016 (see the
Company's announcement of that date for further information). The
vesting of the matching awards, details of which are provided
below, was subject to the same performance conditions that applied
to the awards granted under cycle 7 of the LTIP.
Name Role No. of Shares that vested
on 25 October 2016
--------------- ----------- --------------------------
Executive
Dave Shemmans Director 34,292
--------------- ----------- --------------------------
Executive
Mark Garrett Director 15,620
--------------- ----------- --------------------------
3. Sales of Shares
Following the above vestings, the Executive Directors and other
PDMRs sold the Shares set out below on 25 October 2016 at a price
of GBP9.35:
Name Role No. of Shares sold on
25 October 2016
--------------- ----------- ----------------------
Executive
Dave Shemmans Director 107,672
--------------- ----------- ----------------------
Executive
Mark Garrett Director 18,000
--------------- ----------- ----------------------
Executive
Ian Gibson Director 12,213
--------------- ----------- ----------------------
Mark Barge PDMR 2,947
--------------- ----------- ----------------------
Markus Doerr PDMR 12,674
--------------- ----------- ----------------------
Paul Rivera PDMR 2,254
--------------- ----------- ----------------------
Gary Tan PDMR 9,199
--------------- ----------- ----------------------
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 Approximate
following % of Company's
this notification issued share
capital
--------------- ----------- ------------------- ----------------
Executive
Dave Shemmans Director 104,085 0.196%
--------------- ----------- ------------------- ----------------
Executive
Mark Garrett Director 118,154 0.222%
--------------- ----------- ------------------- ----------------
Executive
Ian Gibson Director 13,770 0.026%
--------------- ----------- ------------------- ----------------
Mark Barge PDMR 5,205 0.010%
--------------- ----------- ------------------- ----------------
Markus
Doerr PDMR 13,447 0.025%
--------------- ----------- ------------------- ----------------
Paul Rivera PDMR 9,382 0.018%
--------------- ----------- ------------------- ----------------
Gary Tan 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 Dave Shemmans
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status PDMR: Chief Executive Officer
---- -------------------------- ----------------------------------------
b) Initial notification/ Initial Notification
Amendment
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Acquisition of Shares following
the transaction the vesting of awards granted on
16 October 2013 pursuant to the
terms of the Ricardo plc 2006 Long
Term Incentive Plan and the Ricardo
plc 2011 Deferred Bonus Plan.
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0 73,380
---------- ----------
GBP0 34,292
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated
information
* Aggregated volume 107,672
* Price GBP0
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Sale of Shares
the transaction
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP9.35 107,672
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
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/ Initial Notification
Amendment
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Acquisition of Shares following
the transaction the vesting of awards granted on
16 October 2013 pursuant to the
terms of the Ricardo plc 2006 Long
Term Incentive Plan and the Ricardo
plc 2011 Deferred Bonus Plan.
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0 22,676
---------- ----------
GBP0 15,620
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated
information
* Aggregated volume
38,296
* Price
GBP0
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Sale of Shares
the transaction
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP9.35 18,000
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
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/ Initial Notification
Amendment
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Acquisition of Shares following
the transaction the vesting of an award granted
on 16 October 2013 pursuant to the
terms of the Ricardo plc 2006 Long
Term Incentive Plan.
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0 25,983
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Sale of Shares
the transaction
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP9.35 12,213
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- --------------------------------------------------------------------
a) Name Mark Barge
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status PDMR: Managing Director - Performance
Products
---- -------------------------- ----------------------------------------
b) Initial notification/ Initial Notification
Amendment
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Acquisition of Shares following
the transaction the vesting of an award granted
on 16 October 2013 pursuant to the
terms of the Ricardo plc 2006 Long
Term Incentive Plan.
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0 6,270
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Sale of Shares
the transaction
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP9.35 2,947
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- --------------------------------------------------------------------
a) Name Markus Doerr
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status PDMR: Managing Director - Ricardo
Strategic Consulting
---- -------------------------- ----------------------------------------
b) Initial notification/ Initial Notification
Amendment
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Acquisition of Shares following
the transaction the vesting of an award granted
on 16 October 2013 pursuant to the
terms of the Ricardo plc 2006 Long
Term Incentive Plan.
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0 12,674
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Sale of Shares
the transaction
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP9.35 12,674
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- --------------------------------------------------------------------
a) Name Paul Rivera
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status PDMR: President, Ricardo Inc.
---- -------------------------- ----------------------------------------
b) Initial notification/ Initial Notification
Amendment
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Acquisition of Shares following
the transaction the vesting of an award granted
on 16 October 2013 pursuant to the
terms of the Ricardo plc 2006 Long
Term Incentive Plan.
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0 2,254
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Sale of Shares
the transaction
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP9.35 2,254
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- --------------------------------------------------------------------
a) Name Gary Tan
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status PDMR: Managing Director - Ricardo
Asia
---- -------------------------- ----------------------------------------
b) Initial notification/ Initial Notification
Amendment
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Acquisition of Shares following
the transaction the vesting of an award granted
on 16 October 2013 pursuant to the
terms of the Ricardo plc 2006 Long
Term Incentive Plan.
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0 9,199
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
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 Ordinary shares of 25p each ("Shares")
of the financial
instrument,
type of instrument
----
Identification GB0007370074
code
---- -------------------------- ----------------------------------------
b) Nature of Sale of Shares
the transaction
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP9.35 9,199
---------- ----------
---- -------------------------- ----------------------------------------
d) Aggregated Not applicable
information
* Aggregated volume
* Price
---- -------------------------- ----------------------------------------
e) Date of the 2016-10-25
transaction
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
---- -------------------------- ----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHZMMZGKKVGVZM
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October 25, 2016 11:30 ET (15:30 GMT)
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