Last checked at 16 Nov 2012 14:30
Ricardo PLC
Director / PDMR Shareholdings
1. 2006 Long Term Incentive Plan - grant of plan cycle 6
Ricardo PLC (the "Company") announces that, on 15 November 2012, conditional awards over a total of 266,628 shares of 25 pence each in the Company ("Shares") were granted to Executive Directors and other PDMRs under the terms of the Company's 2006 Long Term Incentive Plan, as set out below. These awards vest after three years and are subject to TSR and EPS performance conditions.
Name | Role | No. of Shares over which awards granted |
Dave Shemmans | Executive Director | 113,804 |
Paula Bell | Executive Director | 37,985 |
Mark Garrett | Executive Director | 33,205 |
Martin Fausset | PDMR | 16,465 |
Tom Apostolos | PDMR | 23,459 |
Markus Döerr | PDMR | 27,715 |
Gary Tan | PDMR | 13,995 |
2. 2011 Deferred Bonus Plan - grant of deferred awards and matching awards
The Company also announces that, on 15 November 2012, conditional "deferred awards" over a total of 90,238 Shares were granted to Executive Directors and other PDMRs under the terms of the Company's 2011 Deferred Bonus Plan ("DBP"), as set out below. Subject to continuing employment, these awards vest after three years. These DBP deferred awards (which include dividend equivalent entitlements) are not subject to performance conditions.
Name | Role | No. of Shares over which awards granted |
Dave Shemmans | Executive Director | 41,111 |
Paula Bell | Executive Director | 20,305 |
Mark Garrett | Executive Director | 18,655 |
Martin Fausset | PDMR | 6,743 |
Gary Tan | PDMR | 3,424 |
Finally, further conditional "matching awards" over a total of 80,071 Shares were granted to Executive Directors under the terms of the DBP on the basis of one Share comprised in such a "matching award" for each Share comprised in the corresponding deferred award (detailed above) granted to an individual on the same occasion. Details of these DBP matching awards, which do not include dividend equivalent entitlements, but are subject to the same performance conditions that apply to the awards granted on 15 November 2012 under cycle 6 of the LTIP, are set out below:
Name | Role | No. of Shares over which awards granted |
Dave Shemmans | Executive Director | 41,111 |
Paula Bell | Executive Director | 20,305 |
Mark Garrett | Executive Director | 18,655 |
3. Current total holdings of awards / options over Shares
Following the above notifications, the total number of Shares over which the relevant Executive Directors and other PDMRs hold outstanding awards / options (exclusive of the awards granted under cycle 3 of the LTIP, details of the vesting of which are expected to be provided later today) is set out below:
Name | Role | Total no. of Shares subject to awards and options now held | Approximate % of Company's issued share capital |
Dave Shemmans | Executive Director | 554,080 | 1.07% |
Paula Bell | Executive Director | 218,904 | 0.42% |
Mark Garrett | Executive Director | 167,228 | 0.32% |
Martin Fausset | PDMR | 51,475 | 0.10% |
Tom Apostolos | PDMR | 23,459 | 0.05% |
Marcus Döerr | PDMR | 86,534 | 0.17% |
Gary Tan | PDMR | 17,419 | 0.03% |
The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.