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19 Oct 2015 16:20
Ricardo PLC
Director / PDMR Shareholdings
19 October 2015
London
1. 2014 Long Term Incentive Plan - grant of plan cycle 9
Ricardo PLC (the "Company") announces that, on 19 October 2015, conditional awards over a total of 126,548 shares of 25 pence each in the Company ("Shares") were granted to Executive Directors and other Persons Discharging Managerial Responsibility ("PDMRs") as set out below under the terms of the Company's 2014 Long Term Incentive Plan (the "LTIP"). These awards vest after three years and are subject to TSR and EPS performance conditions.
Name | Role | No. of Shares over which awards granted |
Dave Shemmans | Executive Director | 50,088 |
Ian Gibson | Executive Director | 17,734 |
Mark Garrett | Executive Director | 15,477 |
Clive Wotton | PDMR | 5,863 |
Robert Hentschel | PDMR | 5,196 |
Markus Doerr | PDMR | 7,609 |
Gary Tan | PDMR | 6,214 |
David Smith | PDMR | 6,631 |
Mark Barge | PDMR | 5,139 |
Thomas Gutwald | PDMR | 1,525 |
Paul Seller | PDMR | 5,072 |
2. 2011 Deferred Bonus Plan - grant of deferred awards and matching awards
The Company also announces that, on 19 October 2015, conditional "deferred awards" over a total of 43,063 Shares were granted to Executive Directors and other PDMRs under the terms of the Company's 2011 Deferred Bonus Plan ("DBP"), as set out below. Subject to continuing employment, the awards granted to Executive Directors vest after three years and the awards granted to other PDMRs will vest on the first anniversary of grant. These DBP deferred awards (which include dividend equivalent entitlements) are not subject to performance conditions.
Name | Role | No. of Shares over which awards granted |
Dave Shemmans | Executive Director | 18,509 |
Ian Gibson | Executive Director | 9,431 |
Mark Garrett | Executive Director | 7,949 |
Mark Barge | PDMR | 1,850 |
Clive Wotton | PDMR | 1,227 |
Robert Hentschel | PDMR | 798 |
Gary Tan | PDMR | 2,519 |
Thomas Gutwald | PDMR | 780 |
Finally, further conditional "matching awards" over a total of 35,889 Shares were granted to Executive Directors 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. Details of these DBP matching awards, which only include dividend equivalent entitlements in limited circumstances, but are subject to the same performance conditions that apply to the awards granted on 19 October under cycle 9 of the LTIP, are set out below:
Name | Role | No. of Shares over which awards granted |
Dave Shemmans | Executive Director | 18,509 |
Ian Gibson | Executive Director | 9,431 |
Mark Garrett | Executive Director | 7,949 |
3. Current total holdings of awards/options over shares
Following the above notifications, the total number of Shares over which the relevant Executive Directors and other PDMRs hold outstanding awards / options is set out below:
Name | Role | Total holding following this notification | Approximate % of Company's issued share capital |
Dave Shemmans | Executive Director | 533,057 | 1.01% |
Ian Gibson | Executive Director | 103,456 | 0.20% |
Mark Garrett | Executive Director | 193,367 | 0.37% |
Clive Wotton | PDMR | 27,335 | 0.05% |
Robert Hentschel | PDMR | 22,226 | 0.04% |
Markus Doerr | PDMR | 59,540 | 0.11% |
Gary Tan | PDMR | 46,761 | 0.09% |
David Smith | PDMR | 6,631 | 0.01% |
Mark Barge | PDMR | 26,410 | 0.05% |
Thomas Gutwald | PDMR | 4,430 | 0.01% |
Paul Seller | PDMR | 5,072 | 0.01% |
The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.
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