Sign In
31 Oct 2017 10:02
Ricardo PLC
Director / PDMR Shareholdings
31 October 2017
London
1. 2014 Long Term Incentive Plan - vesting of plan cycle 8
Ricardo PLC (the "Company") announces that, on 30 October 2017, a total of 109,911 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 2014 Long Term Incentive Plan (the "LTIP"). This vesting, details of which are provided below, related to awards that were granted under the LTIP on 29 October 2014 and was subject to the satisfaction of both EPS and TSR performance conditions.
Name | Role | No. of Shares that vested on 30 October 2017 |
Dave Shemmans | Executive Director | 51,293 |
Ian Gibson | Executive Director | 18,160 |
Mark Garrett | Executive Director | 15,849 |
Mark Barge | PDMR | 5,262 |
James Mills | PDMR | 1,281 |
Markus Doerr | PDMR | 8,546 |
Paul Rivera | PDMR | 3,151 |
Gary Tan | PDMR | 6,369 |
2. 2011 Deferred Bonus Plan - Awards granted in 2014 with a 3 year deferral period
The Company also announces that on 30 October 2017, a total of 34,666 Shares vested in favour of Executive Directors and other 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 three year Deferral Period and were not subject to performance conditions. Further details of this vesting are provided below.
Name | Role | No. of Shares that vested on 30 October 2017 |
Dave Shemmans | Executive Director | 18,017 |
Ian Gibson | Executive Director | 8,750 |
Mark Garrett | Executive Director | 7,424 |
Gary Tan | PDMR | 475 |
2. 2011 Deferred Bonus Plan - vesting of "bonus-linked share awards" granted in 2014
The Company also announces that, on 30 October 2017, a total of 23,778 Shares vested in favour of Executive Directors pursuant to "bonus-linked share awards" originally granted under the Company's 2011 Deferred Bonus Plan (the "DBP") on 29 October 2014. These awards correspond to, and were granted at the same time as, the "deferred awards" under the DBP that also vested on 30 October 2017. The vesting of the bonus-linked share awards, details of which are provided below, was subject to the same performance conditions that applied to the awards granted under cycle 8 of the LTIP.
Name | Role | No. of Shares that vested on 30 October 2017 |
Dave Shemmans | Executive Director | 12,529 |
Ian Gibson | Executive Director | 6,085 |
Mark Garrett | Executive Director | 5,164 |
3. Sales of Shares
Following the above vestings, the Executive Directors and other PDMRs sold the Shares set out below on 30 October 2017 at a price of £8.19:
Name | Role | No. of Shares sold on 30 October 2017 |
Dave Shemmans | Executive Director | 81,839 |
Ian Gibson | Executive Director | 15,509 |
Mark Garrett | Executive Director | 13,368 |
Mark Barge | PDMR | 2,474 |
James Mills | PDMR | 1,281 |
Markus Doerr | PDMR | 8,546 |
Paul Rivera | PDMR | 3,151 |
Gary Tan | PDMR | 6,844 |
4. 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 |
Dave Shemmans | Executive Director | 104,085 | 0.195% |
Ian Gibson | Executive Director | 31,256 | 0.059% |
Mark Garrett | Executive Director | 133,223 | 0.249% |
Mark Barge | PDMR | 8,314 | 0.016% |
James Mills | PDMR | 832 | 0.002% |
Markus Doerr | PDMR | 0 | 0% |
Paul Rivera | PDMR | 9,382 | 0.018% |
Gary Tan | PDMR | 0 | 0% |
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/ Amendment | Initial Notification | ||||||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||||||
Identification code | GB0007370074 | |||||||||
b) | Nature of the transaction | Acquisition of Shares following the vesting of awards granted on 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price |
81,839 £0 | ||||||||
e) | Date of the transaction | 2017-10-30 | ||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||||||
Identification code | GB0007370074 | |||||||||
b) | Nature of the transaction | Sale of Shares | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||||||
e) | Date of the transaction | 2017-10-30 | ||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||
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/ Amendment | Initial Notification | ||||||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||||||
Identification code | GB0007370074 | |||||||||
b) | Nature of the transaction | Acquisition of Shares following the vesting of awards granted on 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price |
32,995 £0 | ||||||||
e) | Date of the transaction | 2017-10-30 | ||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||||||
Identification code | GB0007370074 | |||||||||
b) | Nature of the transaction | Sale of Shares | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||||||
e) | Date of the transaction | 2017-10-30 | ||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||
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/ Amendment | Initial Notification | ||||||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||||||
Identification code | GB0007370074 | |||||||||
b) | Nature of the transaction | Acquisition of Shares following the vesting of awards granted on 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | 28,437 £0 | ||||||||
e) | Date of the transaction | 2017-10-30 | ||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||||||
Identification code | GB0007370074 | |||||||||
b) | Nature of the transaction | Sale of Shares | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||||||
e) | Date of the transaction | 2017-10-30 | ||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||
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/ Amendment | Initial Notification | ||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||
Identification code | GB0007370074 | |||||
b) | Nature of the transaction | Acquisition of Shares following the vesting of an award granted on 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
e) | Date of the transaction | 2017-10-30 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||
Identification code | GB0007370074 | |||||
b) | Nature of the transaction | Sale of Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
e) | Date of the transaction | 2017-10-30 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | James Mills | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR: Finance Director - Ricardo Automotive (EMEA) | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||
Identification code | GB0007370074 | |||||
b) | Nature of the transaction | Acquisition of Shares following the vesting of an award granted on 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
e) | Date of the transaction | 2017-10-30 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||
Identification code | GB0007370074 | |||||
b) | Nature of the transaction | Sale of Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
e) | Date of the transaction | 2017-10-30 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Markus Doerr | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR: Global Managing Director - Ricardo Strategic Consulting | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||
Identification code | GB0007370074 | |||||
b) | Nature of the transaction | Acquisition of Shares following the vesting of an award granted on 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
e) | Date of the transaction | 2017-10-30 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||
Identification code | GB0007370074 | |||||
b) | Nature of the transaction | Sale of Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
e) | Date of the transaction | 2017-10-30 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
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 US | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||
Identification code | GB0007370074 | |||||
b) | Nature of the transaction | Acquisition of Shares following the vesting of an award granted on 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
e) | Date of the transaction | 2017-10-30 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||
Identification code | GB0007370074 | |||||
b) | Nature of the transaction | Sale of Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
e) | Date of the transaction | 2017-10-30 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
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 - Asia | ||||||
b) | Initial notification/ Amendment | Initial Notification | ||||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||||
Identification code | GB0007370074 | |||||||
b) | Nature of the transaction | Acquisition of Shares following the vesting of awards granted on 29 October 2014 pursuant to the terms of the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan. | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||||
e) | Date of the transaction | 2017-10-30 | ||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||
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 of the financial instrument, type of instrument | Ordinary shares of 25p each ("Shares") | ||||||
Identification code | GB0007370074 | |||||||
b) | Nature of the transaction | Sale of Shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||||
e) | Date of the transaction | 2017-10-30 | ||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||
Follow the stocks
