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28 Nov 2023 15:53
Ricardo PLC
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Director / PDMR Shareholdings
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28 November 2023
London
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1. 2020 Long Term Incentive Plan - vesting of plan cycle 14
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Ricardo PLC (the "Company") announces that, on 27 November 2023, a total of 31,355 ordinary shares of 25 pence each ("Shares") vested in favour of Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2020 Long Term Incentive Plan (the "LTIP"). This vesting, details of which are provided below, related to awards that were granted under the LTIP on 27 November 2020. Full details of the Remuneration Committee's assessment of the Company's performance against the vesting conditions will be provided in the 2024 Directors' Remuneration Report.
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 Name | Role | No. of Shares that vested on 27 November 2023 |
Mike Bell | PDMR | 6,760 |
Chester Gryczan | PDMR | 16,457 |
Clive Wotton | PDMR | 8,138 |
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2. Realisation of value of shares
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Immediately on vesting of the above awards, the PDMRs realised value in respect of the following Shares at a price of ÂŁ4.65:
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Name | Role | No. of Shares realised for value on 27 November 2023 |
Mike Bell | PDMR | 3,178 |
Chester Gryczan | PDMR | 16,457 |
Clive Wotton | PDMR | 8,138 |
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3. Net current total holdings of Shares
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Following the above notifications, the total holdings of Shares of the relevant PDMRs are as follows:
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 Name | Role | Total holding following this notification | Approximate % of Company's issued share capital |
Mike Bell | PDMR | 6,352 | 0.010% |
Chester Gryczan | PDMR | 0 | 0.000% |
Clive Wotton | PDMR | 0 | 0.000% |
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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).
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1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Mike Bell | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR: Chief Strategy and Digital 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 | Vesting of award granted on pursuant to the terms of the Ricardo 2020 Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Â Not applicable | ||||
e) | Date of the transaction | 2023-11-27 | ||||
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 | Â Not applicable | ||||
e) | Date of the transaction | 2023-11-27 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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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 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 | Vesting of award granted on pursuant to the terms of the Ricardo 2020 Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Â Not applicable | ||||
e) | Date of the transaction | 2023-11-27 | ||||
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 | Â Not applicable | ||||
e) | Date of the transaction | 2023-11-27 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Clive Wotton | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR: Group Director, Sustainability, Quality and Risk | ||||
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 pursuant to the terms of the Ricardo 2020 Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Â Not applicable | ||||
e) | Date of the transaction | 2023-11-27 | ||||
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 | Â Not applicable | ||||
e) | Date of the transaction | 2023-11-27 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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