RNS Number : 9349J
Ricardo PLC
28 October 2024
 








Ricardo PLC

 

Director / PDMR Shareholdings

 

28 October 2024

London

 

1.         2020 Long Term Incentive Plan - grant of plan cycle 18 awards

 

Ricardo PLC (the "Company") announces that, on 28 October 2024, conditional awards over a total of 464,602 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 2020 Long Term Incentive Plan (the "LTIP"). The awards will vest after three years and are subject to TSR, EPS and ESG performance conditions (details of which will be released once finalised) and continued employment. The awards granted to the Executive Directors will also be subject to a two-year holding following the date of vesting.

 

Name

Role

No. of Shares over which awards granted

Graham Ritchie

Executive Director

178,504

Judith Cottrell

Executive Director

116,643

Clive Wotton

PDMR

19,370

Harpreet Sagoo

PDMR

17,126

Diane Christensen

PDMR

15,751

Natasha Perfect

PDMR

15,501

Jason O'Donnell

PDMR

23,866

Rachel White

PDMR

41,497

Chester Gryczan

PDMR

36,344

 

2.         2020 Long Term Incentive Plan - grant of discretionary retention awards

 

The Company also announces that, on 28 October 2024, discretionary retention awards over a total of 10,000 Shares was granted to two PDMRs as set out below under the terms of the Company's LTIP. These awards will vest on 28 October 2027 and are not subject to any performance conditions.

 

Name

Role

No. of Shares over which awards granted

Jason O'Donnell

PDMR

5,000

Rachel White

PDMR

5,000

 

 

3.         2021 Deferred Bonus Plan - grant of deferred bonus awards

 

Finally, the Company announces that, on 28 October 2024, conditional awards over a total of 90,630 Shares were granted to Executive Directors and other PDMRs as set out below under the terms of the Company's 2021 Deferred Bonus Plan (the "DBP").  Subject to continuing employment, the awards granted to the Executive Directors vest after three years and the awards granted to other PDMRs (with the exception of Mike Bell, Rachel White, Chester Gryczan and Richard Guest, whose awards vest in equal tranches on the first, second and third anniversaries of grant) vest on the first anniversary of grant. These DBP awards (which include dividend equivalent entitlements) are not subject to performance conditions.

 

 Name

Role

No. of Shares over which awards granted

Graham Ritchie

Executive Director

28,659

Judith Cottrell

Executive Director

17,646

Mike Bell

PDMR

5,399

Harpreet Sagoo

PDMR

4,722

Richard Guest

PDMR

6,246

Chester Gryczan

PDMR

14,261

Natasha Perfect

PDMR

4,991

Rachel White

PDMR

2,524

Clive Wotton

PDMR

6,182

 

 

4. Current total holdings of awards over shares

 

Following the above notification, the total number of Shares over which the relevant PDMR holds outstanding awards is set out below:

 

 Name

Role

Total holding following this notification

Approximate % of Company's issued share capital

Graham Ritchie

Executive Director

836,064

1.344%

Judith Cottrell

Executive Director

320,678

0.515%

Mike Bell

PDMR

101,346

0.163%

Clive Wotton

PDMR

84,530

0.136%

Harpreet Sagoo

PDMR

47,380

0.076%

Diane Christensen

PDMR

15,751

0.025%

Natasha Perfect

PDMR

64,601

0.104%

Jason O'Donnell

PDMR

83,296

0.134%

Rachel White

PDMR

143,188

0.230%

Richard Guest

PDMR

6,246

0.010%

Chester Gryczan

PDMR

147,827

0.238%

 

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

Graham Ritchie

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

Conditional awards of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

178,504

Nil

28,659

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 207,163

 Nil

e)

Date of the transaction

2024-10-28

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Judith Cottrell

2

Reason for the notification

a)

Position/status

PDMR: Chief Finance 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

Conditional awards of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

116,643

Nil

17,646

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 134,289

 Nil

e)

Date of the transaction

2024-10-28

f)

Place of the transaction

Outside a trading venue

 

 

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

Conditional award of shares pursuant to the rules of the Ricardo plc Ricardo plc 2021 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

5,399

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 N/A

 

e)

Date of the transaction

2024-10-28

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

Conditional awards of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

19,370

Nil

6,182

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 25,552
 Nil

e)

Date of the transaction

2024-10-28

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Harpreet Sagoo

2

Reason for the notification

a)

Position/status

PDMR: General Counsel and Company Secretary

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

Conditional awards of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

17,126

Nil

4,722

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 21,848

 Nil

e)

Date of the transaction

2024-10-28

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Diane Christensen

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

Conditional award of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

15,751

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 N/A

e)

Date of the transaction

2024-10-28

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

Conditional awards of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

15,501

Nil

4,991

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 20,492

 Nil

e)

Date of the transaction

2024-10-28

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Jason O'Donnell

2

Reason for the notification

a)

Position/status

PDMR: Managing Director - Global A&I

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

Conditional awards of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

23,866

Nil

5,000

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 28,866

 Nil

e)

Date of the transaction

2024-10-28

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Rachel White

2

Reason for the notification

a)

Position/status

PDMR: Global President Clean Energy and Environmental Solutions

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

Conditional awards of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

41,497

Nil

2,524

Nil

5,000

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 49,021

 Nil

e)

Date of the transaction

2024-10-28

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Richard Guest

2

Reason for the notification

a)

Position/status

PDMR: Managing Director - PP

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

Conditional award of shares pursuant to the rules of the Ricardo plc 2021 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

6,246

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 N/A

e)

Date of the transaction

2024-10-28

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

Conditional awards of shares pursuant to the rules of the Ricardo plc 2020 Long Term Incentive Plan and the Ricardo plc 2021 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

36,344

Nil

14,261

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 50,605

 Nil

 

e)

Date of the transaction

2024-10-28

f)

Place of the transaction

Outside a trading venue

 

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