TIDMRCDO

RNS Number : 8812N

Ricardo PLC

31 October 2016

Ricardo PLC

Director / PDMR Shareholdings

31 October 2016

London

   1.         2011 Deferred Bonus Plan - Awards granted in 2014 with a 2 year deferral period 

The Company announces that, on 31 October 2016, a total of 467 Shares vested in favour of a Person Discharging Managerial Responsibilities ("PDMR") under the terms of the Company's 2011 Deferred Bonus Plan. This award (which included dividend entitlements) was granted on 29 October 2014. It vested following the end of a two year Deferral Period and was not subject to performance conditions. Further details of this vesting are provided below.

 
  Name    Role    No. of Shares that vested 
                      on 31 October 2016 
-------  ------  -------------------------- 
 Gary 
  Tan     PDMR               467 
-------  ------  -------------------------- 
 

Immediately on vesting, the PDMR sold the Shares set out below at a price of GBP9.26445:

 
 Name        Role    No. of Shares sold on 
                        31 October 2016 
----------  ------  ---------------------- 
 Gary Tan    PDMR             467 
----------  ------  ---------------------- 
 
   2.         Net current total holdings of Shares 

Following the above notification, the total holding of Shares of the relevant PDMR is as follows:

 
  Name       Role      Total holding        Approximate 
                          following        % of Company's 
                      this notification     issued share 
                                              capital 
----------  ------  -------------------  ---------------- 
 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                         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 29 October 2014 pursuant to the 
                                    terms of the Ricardo plc 2011 Deferred 
                                    Bonus Plan. 
----  --------------------------  ---------------------------------------- 
  c)   Price(s) and                 Price(s)    Volume(s) 
        volume(s)                   ----------  ---------- 
                                       GBP0         467 
                                    ----------  ---------- 
----  --------------------------  ---------------------------------------- 
  d)    Aggregated                 Not applicable 
         information 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ---------------------------------------- 
  e)   Date of the                 2016-10-31 
        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)                   ------------  ---------- 
                                     GBP9.26445       467 
                                    ------------  ---------- 
----  --------------------------  ---------------------------------------- 
  d)    Aggregated                 Not applicable 
         information 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ---------------------------------------- 
  e)   Date of the                 2016-10-31 
        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

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(END) Dow Jones Newswires

October 31, 2016 08:40 ET (12:40 GMT)

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