Last checked at 29 Oct 2013 09:15
Ricardo PLC
Director / PDMR Shareholdings
29 October 2013
London
1. 2006 Long Term Incentive Plan - vesting of plan cycle 3
Ricardo PLC (the "Company") announces that on 25 October 2013, a total of 151,704 ordinary shares of 25 pence each in the Company ("Shares") vested in favour of Executive Directors and other Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2006 Long Term Incentive Plan (the "Plan"). This vesting, details of which are provided below, related to awards that were granted under the Plan on 25 October 2010 and was subject to the satisfaction of both EPS and TSR performance conditions.
Name | Role | No. of Shares that vested on 25 October 2013 |
Dave Shemmans | Executive Director | 97,644 |
Mark Garrett | Executive Director | 33,584 |
Markus Doerr | PDMR | 20,476 |
2. Deferred Bonus Plan - Awards granted in 2010
The Company also announces that on 25 October 2013, a total of 11,510 Shares vested in favour of Executive Directors under the terms of the Company's Deferred Bonus Plan. These awards (which included dividend entitlements) were granted on 25 October 2010. 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 25 October 2013 |
Dave Shemmans | Executive Director | 8,650 |
Mark Garrett | Executive Director | 2,860 |
Immediately on vesting, the Executive Directors realised value in respect of the following shares at a price of £6.615:
Name | Role | No. of Shares realised for value on 25 October 2013 |
Dave Shemmans | Executive Director | 8,650 |
Mark Garrett | Executive Director | 1,345 |
3. Net current total holdings of Shares
Following the above notifications, the total holdings of Shares of the relevant Executive Directors and other PDMRs are as follows:
Name | Role | Total holding following this notification | Approximate % of Company's issued share capital |
Dave Shemmans | Executive Director | 257,814 | 0.49% |
Mark Garrett | Executive Director | 57,184 | 0.11% |
Markus Doerr | PDMR | 56,701 | 0.11% |
The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.