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16 Oct 2014 11:45
Ricardo PLC
Director / PDMR Shareholdings
16 October 2014
London
1. 2011 Deferred Bonus Plan - Awards granted in 2013 with a 1 year deferral period
The Company announces that on 16 October 2014, a total of 3,135 Shares vested in favour of PDMRs under the terms of the Company's 2011 Deferred Bonus Plan. These awards (which included dividend entitlements) were granted on 16 October 2013. 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 16 October 2013 are expected to vest in 2015 and 2016 at the end of two-year and three-year Deferral Periods respectively.
Name | Role | No. of Shares that vested on 16 October 2014 |
Martin Fausset | PDMR | 1,993 |
Gary Tan | PDMR | 1,142 |
Immediately on vesting, the Executive Directors realised value in respect of the following shares at a price of £6.315:
Name | Role | No. of Shares realised for value on 16 October 2014 |
Martin Fausset | PDMR | 937 |
Gary Tan | PDMR | 1,142 |
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 |
Martin Fausset | PDMR | 1,056 | 0.002% |
Gary Tan | PDMR | 0 | 0.000% |
The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.
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