Last checked at 25 Oct 2016 16:50
Ricardo PLC
Director / PDMR Shareholdings
25 October 2016
London
1. 2014 Long Term Incentive Plan - grant of plan cycle 10
Ricardo PLC (the "Company") announces that, on 25 October 2016, conditional awards over a total of 140,267 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 on 25 October 2016 |
Dave Shemmans | Executive Director | 48,915 |
Ian Gibson | Executive Director | 17,318 |
Mark Garrett | Executive Director | 15,114 |
David Smith | PDMR | 6,287 |
Mark Stoddart | PDMR | 2,288 |
Mark Barge | PDMR | 5,019 |
Chris Amsden | PDMR | 1,996 |
Markus Doerr | PDMR | 12,803 |
Paul Seller | PDMR | 4,954 |
Gareth Taylor | PDMR | 1,848 |
Tim Curtis | PDMR | 4,809 |
Ian Rogerson | PDMR | 2,098 |
Paul Rivera | PDMR | 6,706 |
Chet Gryczan | PDMR | 2,995 |
Gary Tan | PDMR | 7,117 |
2. 2011 Deferred Bonus Plan - grant of deferred awards and matching awards
The Company also announces that, on 25 October 2016, conditional "deferred awards" over a total of 44,698 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 (with the exception of Mark Stoddart, Paul Rivera and Gareth Taylor whose awards vest on the first anniversary of grant) vest in equal tranches on the first, second and third anniversaries 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 on 25 October 2016 |
Dave Shemmans | Executive Director | 19,336 |
Ian Gibson | Executive Director | 9,604 |
Mark Garrett | Executive Director | 8,244 |
David Smith | PDMR | 550 |
Mark Stoddart | PDMR | 329 |
Mark Barge | PDMR | 519 |
Paul Rivera | PDMR | 469 |
Gary Tan | PDMR | 2,270 |
Paul Seller | PDMR | 2,185 |
Gareth Taylor | PDMR | 635 |
Tim Curtis | PDMR | 557 |
Finally, further conditional "matching awards" over a total of 37,184 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 25 October 2016 under cycle 10 of the LTIP, are set out below:
Name | Role | No. of Shares over which awards granted on 25 October 2016 |
Dave Shemmans | Executive Director | 19,336 |
Ian Gibson | Executive Director | 9,604 |
Mark Garrett | Executive Director | 8,244 |
5. 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 no. of Shares subject to outstanding awards / options | Approximate % of Company's issued share capital |
Dave Shemmans | Executive Director | 278,336 | 0.52% |
Ian Gibson | Executive Director | 114,349 | 0.22% |
Mark Garrett | Executive Director | 98,553 | 0.19% |
David Smith | PDMR | 13,468 | 0.03% |
Mark Stoddart | PDMR | 4,937 | 0.01% |
Mark Barge | PDMR | 17,784 | 0.03% |
Chris Amsden | PDMR | 4,035 | 0.01% |
Markus Doerr | PDMR | 31,954 | 0.06% |
Paul Seller | PDMR | 12,211 | 0.02% |
Gareth Taylor | PDMR | 4,207 | 0.01% |
Tim Curtis | PDMR | 9,775 | 0.02% |
Ian Rogerson | PDMR | 4,269 | 0.01% |
Paul Rivera | PDMR | 14,503 | 0.03% |
Chet Gryczan | PDMR | 2,995 | 0.01% |
Gary Tan | PDMR | 24,662 | 0.05% |
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 | Dave Shemmans | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | PDMR: Chief Executive Officer | ||||||||
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 | Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price |
87,587 £0 | ||||||||
e) | Date of the transaction | 2016-10-25 | ||||||||
f) | Place of the transaction | London Stock Exchange | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
a) | Name | Ian Gibson | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | PDMR: Chief Financial Officer | ||||||||
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 | Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price |
36,526 £0 | ||||||||
e) | Date of the transaction | 2016-10-25 | ||||||||
f) | Place of the transaction | London Stock Exchange | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
a) | Name | Mark Garrett | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | PDMR: Chief Operating Officer | ||||||||
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 | Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price |
31,602 £0 | ||||||||
e) | Date of the transaction | 2016-10-25 | ||||||||
f) | Place of the transaction | London Stock Exchange | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | David Smith | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR: Managing Director - Ricardo Europe Technical Centre | ||||||
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 | Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
6,837 £0 | ||||||
e) | Date of the transaction | 2016-10-25 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Mark Stoddart | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR: Finance Director - Ricardo Europe Technical Centre | ||||||
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 | Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
2,617 £0 | ||||||
e) | Date of the transaction | 2016-10-25 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Mark Barge | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR: Managing Director - Performance Products | ||||||
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 | Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
5,538 £0 | ||||||
e) | Date of the transaction | 2016-10-25 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Chris Amsden | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR: Finance Director - Performance Products | ||||
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 | Award of right to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable | ||||
e) | Date of the transaction | 2016-10-25 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Markus Doerr | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR: Managing Director - Ricardo Strategic Consulting | ||||
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 | Award of right to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable | ||||
e) | Date of the transaction | 2016-10-25 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Paul Seller | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR: Managing Director - Ricardo Rail | ||||||
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 | Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
7,139 £0 | ||||||
e) | Date of the transaction | 2016-10-25 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Gareth Taylor | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR: Finance Director - Ricardo Rail | ||||||
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 | Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
2,483 £0 | ||||||
e) | Date of the transaction | 2016-10-25 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Tim Curtis | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR: Managing Director - Ricardo Energy and Environment | ||||||
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 | Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
5,366 £0 | ||||||
e) | Date of the transaction | 2016-10-25 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Ian Rogerson | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR: Finance Director - Ricardo Energy and Environment | ||||||
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 | Award of right to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable | ||||||
e) | Date of the transaction | 2016-10-25 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Paul Rivera | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR: President, Ricardo Inc. | ||||||
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 | Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
7,175 £0 | ||||||
e) | Date of the transaction | 2016-10-25 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Chet Gryczan | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR: President, Ricardo Defence Systems | ||||||
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 | Award of right to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable | ||||||
e) | Date of the transaction | 2016-10-25 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Gary Tan | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR: Managing Director - Ricardo Asia | ||||||
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 | Award of rights to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan and the Ricardo plc 2011 Deferred Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
9,387 £0 | ||||||
e) | Date of the transaction | 2016-10-25 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||