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12 Sep 2014 10:55
Ricardo PLC
Director / PDMR Shareholdings
12 September 2014
London
1. 2004 Executive Share Option Plan - exercise of share options
Ricardo PLC (the "Company") announces that on 11 September 2014, Mark Garrett, one if its Executive Directors, acquired a total of 7,068 ordinary shares of 25 pence each in the Company ("Shares") at a price of £3.05 per Share pursuant to the exercise of share options granted under the terms of the Company's 2004 Executive Share Option Plan (the "Plan"). These options, which were granted pursuant to the Plan on 22 October 2008, first became exercisable in 2011 following the satisfaction of certain EPS based performance conditions.
Following the exercise of this option, all 7,068 of the above Shares were sold at a price of £6.347 per Share on behalf of the Executive Director concerned on 11 September 2014.
2. Net current total holdings of Shares
Following the above notifications, the total holding of Shares of the relevant Executive Director is unchanged as follows:
Name | Role | Total holding following this notification (unchanged) | Approximate % of Company's issued share capital |
Mark Garrett | Executive Director | 40,663 | 0.08% |
The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.
Name of contact: Company Secretary : Patricia Ryan
Telephone number of contact: 01273 794776
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