Last checked at 31 Oct 2016 12:40
Ricardo PLC
Â
Director / PDMR Shareholdings
Â
31 October 2016
London
Â
1. 2011 Deferred Bonus Plan - Awards granted in 2014 with a 2 year deferral period
Â
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.
Â
 Name | Role | No. of Shares that vested on 31 October 2016 |
Gary Tan | PDMR | 467 |
Â
Â
Immediately on vesting, the PDMR sold the Shares set out below at a price of £9.26445:
Â
Name | Role | No. of Shares sold on 31 October 2016 |
Gary Tan | PDMR | 467 |
Â
Â
2. Net current total holdings of Shares
Â
Following the above notification, the total holding of Shares of the relevant PDMR is as follows:
Â
 Name | Role | Total holding following this notification | Approximate % of Company's issued share capital |
Gary Tan | PDMR | 0 | 0.000% |
Â
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).
Â
Â
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/ 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 2011 Deferred Bonus Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
e) | Date of the transaction | 2016-10-31 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
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 | 2016-10-31 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
Â
Â