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8 Oct 2024 17:39
Ricardo PLC
Director / PDMR Shareholdings
8 October 2024
London
1. 2021 Deferred Bonus Plan - vesting of award granted in 2022 with a 2-year deferral period
Ricardo PLC (the "Company") announces that, on 7 October 2024, a total of 1,308 ordinary shares of 25 pence each ("Shares") vested in favour of a Person Discharging Managerial Responsibilities ("PDMR") under the terms of the Company's 2021 Deferred Bonus Plan ("DBP"). This award (which included dividend entitlements) was granted on 6 October 2022. 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.
Name | Role | No. of Shares that vested on 7 October 2024 |
Chester Gryczan | PDMR | 1,308 |
2. Realisation of value of shares
Immediately on the vesting of the award referred to in section 1 above, Chester Gryczan realised value in respect of the following Shares at a price of £4.28.
Name | Role | No. of Shares realised for value on 7 October 2024 |
Chester Gryczan | PDMR | 1,308 |
3. Net current total holdings of Shares
Following the above notifications, Chester Gryczan's total holding of Shares is as follows:
Name | Role | Total holding following this notification | Approximate % of Company's issued share capital |
Chester Gryczan | PMDR | 0 | 0% |
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).
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Chester Gryczan | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR: President - Ricardo Defense | ||||
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 | Vesting of award granted on 6 October 2022 pursuant to the terms of the Ricardo plc 2021 Deferred Bonus Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable
| ||||
e) | Date of the transaction | 7 October 2024 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | Shares realised for value | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
e) | Date of the transaction | 7 October 2024 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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