Last checked at 29 Oct 2015 12:01
Ricardo PLC
Director / PDMR Shareholdings
29 October 2015
London
1. 2011 Deferred Bonus Plan - Awards granted in 2014 with a 1 year deferral period
The Company announces that on 29 October 2015, a total of 2,869 Shares vested in favour of Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2011 Deferred Bonus Plan. These awards (which included dividend entitlements) were granted on 29 October 2014. They vested following the end of a one year Deferral Period and were not subject to performance conditions. Further details of this vesting are provided below. The remaining awards granted to the PDMRs listed below on 29 October 2014 are expected to vest in 2016 and 2017 at the end of two-year and three-year Deferral Periods respectively.
Name | Role | No. of Shares that vested on 29 October 2015 |
Mark Barge | PDMR | 2,176 |
Gary Tan | PDMR | 459 |
Clive Wotton | PDMR | 234 |
Immediately on vesting, the Executive Directors sold the Shares set out below at a price of £9.01:
Name | Role | No. of Shares sold on 29 October 2015 |
Mark Barge | PDMR | 1,023 |
Gary Tan | PDMR | 459 |
Clive Wotton | PDMR | 55 |
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 following this notification | Approximate % of Company's issued share capital |
Mark Barge | PDMR | 1,886 | 0.004% |
Gary Tan | PDMR | 0 | 0% |
Clive Wotton | PDMR | 179 | 0.001% |
The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.