Please Note - Streaming News is only available to subscribers to the Active Level and above
RNS News Service
I confirm that I am accessing this story in my capacity as a private investor and NOT for professional purposes.
Director/PDMR Shareholding
RNS
RNS Number : 3797D
Ricardo PLC
27 October 2020
Ricardo PLC
Director / PDMR Shareholdings
27 October 2020
London
1. 2011 Deferred Bonus Plan - vesting of awards granted in 2018 with a 2 year deferral period
Ricardo PLC (the "Company") announces that, on 26 October 2020, a total of 3,027 ordinary shares of 25 pence each ("Shares") vested in favour of certain Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2011 Deferred Bonus Plan ("DBP"). These awards (which included dividend entitlements) were granted on 25 October 2018. They vested following the end of a two 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 26 October 2020
Tim Curtis
PDMR
120
James Passemard
PDMR
257
Paul Seller
PDMR
1,023
Gary Tan
PDMR
1,627
2. 2011 Deferred Bonus Plan - vesting of awards granted in 2019 with a 1 year deferral period
The Company also announces that on 26 October 2020, a total of 11,461Shares vested in favour of certain PDMRs under the terms of the DBP. These awards (which included dividend entitlements) were granted on 24 October 2019. 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 26 October 2020
Chris Amsden
PDMR
1,924
Tim Curtis
PDMR
1,142
Chester Gryczan
PDMR
1,188
James Mills
PDMR
307
Alex Pascoe
PDMR
783
James Passemard
PDMR
1,440
Ian Rogerson
PDMR
1,238
Patricia Ryan
PDMR
893
Paul Seller
PDMR
354
Brian Smith
PDMR
1,441
Gary Tan
PDMR
623
Gareth Taylor
PDMR
128
3. Lapse of awards granted in 2017
The Company also announces that the remuneration committee of its board of directors has completed its assessment of the performance conditions governing the LTIP Cycle 11 awards that had originally been granted to the Executive Directors and PDMRs on 8 November 2017 under the Company's 2014 Long Term Incentive Plan and concluded that these awards would lapse immediately and cease to exist.
4. Sale of Shares
Following the above vestings, the PDMRs sold the Shares set out below on 26 October 2020 at a price of £3.72:
Name
Role
No. of Shares sold on 26 October 2020
Chris Amsden
PDMR
905
Tim Curtis
PDMR
1,262
Chester Gryczan
PDMR
1,188
James Mills
PDMR
307
Alex Pascoe
PDMR
368
James Passemard
PDMR
798
Ian Rogerson
PDMR
1,238
Patricia Ryan
PDMR
893
Paul Seller
PDMR
1,377
Brian Smith
PDMR
1,441
Gary Tan
PDMR
0
Gareth Taylor
PDMR
128
5. 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
Chris Amsden
PDMR
3,904
0.007%
Tim Curtis
PDMR
633
0.001%
Chester Gryczan
PDMR
0
0.000%
James Mills
PDMR
1,774
0.003%
Alex Pascoe
PDMR
518
0.001%
James Passemard
PDMR
2,407
0.003%
Ian Rogerson
PDMR
0
0.000%
Patricia Ryan
PDMR
20,249
0.038%
Paul Seller
PDMR
0
0.000%
Brian Smith
PDMR
0
0.000%
Gary Tan
PDMR
2,250
0.004%
Gareth Taylor
PDMR
0
0.000%
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
Chris Amsden
2
Reason for the notification
a)
Position/status
PDMR: Finance Director - Performance Products
b)
Initialnotification/ 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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Vesting of award granted on 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
1,924
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Sale of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£3.72
905
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
f)
Place of the transaction
Outside a trading venue
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 - Energy and Environment
b)
Initialnotification/ 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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Vesting of awards granted on 25 October 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
120
£0
1,142
d)
Aggregated information
- Aggregated volume
- Price
1,262
£0
e)
Date of the transaction
2020-10-26
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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Sale of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£3.72
1,262
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
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)
Initialnotification/ 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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Vesting of award granted on 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
1,188
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Sale of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£3.72
1,188
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
James Mills
2
Reason for the notification
a)
Position/status
PDMR: Finance Director - Ricardo Automotive (EMEA)
b)
Initialnotification/ 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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Vesting of award granted on 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
307
d)
Aggregated information
- Aggregated volume
- Price
Not applicable.
e)
Date of the transaction
2020-10-26
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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Sale of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£3.72
307
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Alex Pascoe
2
Reason for the notification
a)
Position/status
PDMR: Group Financial Controller
b)
Initialnotification/ 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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Vesting of award granted 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
783
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Sale of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£3.72
368
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
James Passemard
2
Reason for the notification
a)
Position/status
PDMR: Global Managing Director - Ricardo Strategic Consulting
b)
Initialnotification/ 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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Vesting of award granted on 25 October 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
1,440
£0
257
d)
Aggregated information
- Aggregated volume
- Price
1,697
£0
e)
Date of the transaction
2020-10-26
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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Sale of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£3.72
798
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
f)
Place of the transaction
Outside a trading venue
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)
Initialnotification/ 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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Vesting of award granted on 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
1,238
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Sale of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£3.72
1,238
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Patricia Ryan
2
Reason for the notification
a)
Position/status
PDMR: Company Secretary and General Counsel
b)
Initialnotification/ 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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Vesting of award granted 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
893
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Sale of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£3.72
893
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
f)
Place of the transaction
Outside a trading venue
a)
Name
Paul Seller
2
Reason for the notification
a)
Position/status
PDMR: Managing Director - Ricardo Rail
b)
Initialnotification/ 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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Vesting of awards granted on 25 October 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
1,023
£0
354
d)
Aggregated information
- Aggregated volume
- Price
1,377
£0
e)
Date of the transaction
2020-10-26
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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Sale of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£3.72
1,377
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Brian Smith
2
Reason for the notification
a)
Position/status
PDMR: VP Finance - Ricardo Defense Systems
b)
Initialnotification/ 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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Vesting of award granted 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
1,441
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Sale of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£3.72
1,441
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
f)
Place of the transaction
Outside a trading venue
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 - Asia
b)
Initialnotification/ 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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Vesting of awards granted on 25 October 2018 and 24 October 2019 pursuant to the terms of the Ricardo plc 2011 Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
1,627
£0
623
d)
Aggregated information
- Aggregated volume
- Price
2,250
£0
e)
Date of the transaction
2020-10-26
f)
Place of the transaction
Outside a trading venue
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)
Initialnotification/ 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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Vesting of award granted on 24 October 2019 pursuant to the Ricardo plc 2011 Deferred Bonus Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0
128
d)
Aggregated information
- Aggregated volume
- Price
Not applicable.
e)
Date of the transaction
2020-10-26
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")
Identificationcode
GB0007370074
b)
Nature of thetransaction
Sale of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£3.72
128
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
2020-10-26
f)
Place of the transaction
Outside a trading venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.