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18 Nov 2015 09:26
Ricardo PLC
Director / PDMR Shareholdings
18 November 2015
London
1. Award of Dividend Shares under the Ricardo PLC Share Incentive Plan (the "SIP")
Ricardo PLC (the "Company") announces that on 17 November 2015 it received notification from the trustee (the "Trustee") of the Company's SIP that on 13 November 2015 it awarded 10 ordinary shares of 25 pence each in the Company ("Shares") to Mark Barge, a Person Discharging Managerial Responsibilities ("PDMRs"). This award related to the "Dividend Share" element of the SIP and reflects the automatic reinvestment in further Shares of dividends received in respect of his SIP share holding. This award was based on a price of £8.88 per Share.
2. 2006 Long Term Incentive Plan - vesting of plan cycle 6
The Company also announces that on 16 November 2015, a total of 196,819 Shares vested in favour of Executive Directors and other PDMRs under the terms of the Company's 2006 Long Term Incentive Plan (the "LTIP"). This vesting, details of which are provided below, related to awards that were granted under the LTIP on 15 November 2012 and was subject to the satisfaction of both EPS and TSR performance conditions.
Name | Role | No. of Shares that vested on 16 November 2015 |
Dave Shemmans | Executive Director | 113,804 |
Mark Garrett | Executive Director | 33,205 |
Mark Barge | PDMR | 3,896 |
Markus Doerr | PDMR | 27,715 |
Gary Tan | PDMR | 13,995 |
Clive Wotton | PDMR | 4,204 |
3. Deferred Bonus Plan - Awards granted in 2012
The Company also announces that on 16 November 2015, a total of 74,134 Shares vested in favour of Executive Directors and other PDMRs under the terms of the Company's 2011 Deferred Bonus Plan (the "DBP"). These "deferred awards" (which included dividend entitlements) were granted on 15 November 2012. 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 16 November 2015 |
Dave Shemmans | Executive Director | 45,135 |
Mark Garrett | Executive Director | 20,480 |
Gary Tan | PDMR | 3,757 |
Clive Wotton | PDMR | 4,762 |
Finally, the Company announces that on 16 November 2015, further conditional "matching awards" over a total of 59,766 Shares vested in favour of Executive Directors. These awards were granted to Executive Directors on 15 November 2012 under the terms of the DBP on the basis of one Share comprised in such a "matching award" for each Share comprised in the corresponding deferred award (detailed above) granted to an individual on the same occasion. The awards did not include dividend entitlements but were subject to the same performance conditions that applied to the awards granted under cycle 6 of the LTIP and are set out below:
Name | Role | No. of Shares that vested on 16 November 2015 |
Dave Shemmans | Executive Director | 41,111 |
Mark Garrett | Executive Director | 18,655 |
4. Net current total holdings of Shares
Following the above notifications, the total holdings of Shares of the relevant Executive Directors and PDMRs are as follows:
Name | Role | Total holding following this notification | Approximate % of Company's issued share capital |
Dave Shemmans | Executive Director | 304,135 | 0.575% |
Mark Garrett | Executive Director | 131,546 | 0.249% |
Mark Barge | PDMR | 5,806 | 0.011% |
Markus Doerr | PDMR | 41,162 | 0.078% |
Gary Tan | PDMR | 17,752 | 0.034% |
Clive Wotton | PDMR | 9,145 | 0.017% |
The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.
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