Ricardo PLC
Director / PDMR Shareholdings
9 October 2023
London
1. 2021 Deferred Bonus Plan - vesting of awards granted in 2022 with a 1 year deferral period
Ricardo PLC (the "Company") announces that, on 6 October 2023, a total of 18,136 ordinary shares of 25 pence each ("Shares") vested in favour of Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2021 Deferred Bonus Plan ("DBP"). These awards (which included dividend entitlements) were granted on 6 October 2022. They vested following the end of a one-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 6 October 2023 |
| Mike Bell | PDMR | 5,227 |
| Chester Gryczan | PDMR | 1,275 |
| Mary Moore | PDMR | 3,480 |
| Natasha Perfect | PDMR | 3,245 |
| Clive Wotton | PDMR | 4,909 |
2. Realisation of value of shares
Immediately on vesting of the awards referred to in section 1 above, the PDMRs realised value in respect of the following Shares at a price of £4.59.
| Name | Role | No. of Shares realised for value on 6 October 2023 |
| Mike Bell | PMDR | 2,457 |
| Chester Gryczan | PDMR | 1,275 |
| Mary Moore | PDMR | 1,636 |
| Natasha Perfect | PDMR | 1,526 |
| Clive Wotton | PDMR | 4,909 |
3. Net current total holdings of Shares
Following the above notifications, the total holdings of Shares of the relevant PDMRs are as follows:
| Name | Role | Total holding following this notification | Approximate % of Company's issued share capital |
| Mike Bell | PMDR | 2,770 | 0.004% |
| Chester Gryczan | PMDR | 0 | 0% |
| Mary Moore | PMDR | 1,844 | 0.003% |
| Natasha Perfect | PMDR | 1,719 | 0.003% |
| Clive Wotton | 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 | 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 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 | 6 October 2023 | ||||
| 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 | 6 October 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 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 6 October 2022 pursuant to 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 | 6 October 2023 | ||||
| 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 | 6 October 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Mary Moore | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR: Group People, Team and Organisation Director | ||||
| 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 awards 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 | 6 October 2023 | ||||
| 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 | 6 October 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Natasha Perfect | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR: Group Marketing and Communications Director | ||||
| 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 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 | 6 October 2023 | ||||
| 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 | 6 October 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
|
|
| |||||
| 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 6 October 2022 pursuant to 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 | 6 October 2023 | ||||
| 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 | 6 October 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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