TIDMRCDO

RNS Number : 2170R

Ricardo PLC

25 October 2019

Ricardo PLC

Director / PDMR Shareholdings

25 October 2019

London

Ricardo PLC

Director / PDMR Shareholdings

   1.         2014 Long Term Incentive Plan - grant of plan cycle 13 

Ricardo PLC (the "Company") announces that, on 24 October 2019, conditional awards over a total of 307,534 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 
                     Executive 
 Dave Shemmans        Director             82,590 
                    -----------  ------------------------- 
                     Executive 
 Ian Gibson           Director             29,526 
                    -----------  ------------------------- 
                     Executive 
 Mark Garrett         Director             25,396 
                    -----------  ------------------------- 
 Paul Seller         PDMR                  16,035 
                    -----------  ------------------------- 
 Gareth Taylor       PDMR                  6,048 
                    -----------  ------------------------- 
 Tim Curtis          PDMR                  14,039 
                    -----------  ------------------------- 
 Ian Rogerson        PDMR                  6,638 
                    -----------  ------------------------- 
 Martin Starkey      PDMR                  13,069 
                    -----------  ------------------------- 
 Chris Amsden        PDMR                  6,696 
                    -----------  ------------------------- 
 Chester Gryczan     PDMR                  16,054 
                    -----------  ------------------------- 
 Brian Smith         PDMR                  7,726 
                    -----------  ------------------------- 
 Gary Tan            PDMR                  20,309 
                    -----------  ------------------------- 
 Stephen Dyke        PDMR                  16,035 
                    -----------  ------------------------- 
 James Mills         PDMR                  7,336 
                    -----------  ------------------------- 
 James Passemard     PDMR                  17,177 
                    -----------  ------------------------- 
 Marques McCammon    PDMR                  22,860 
                    -----------  ------------------------- 
 
   2.         2014 Long Term Incentive Plan - grant of additional discretionary retention awards 

The Company also announces that, on 24 October 2019, additional discretionary retention awards over a total of 28,147 Shares were granted to certain PDMRs under the terms of the LTIP. Subject to continuing employment, the retention awards vest after three years and are not subject to performance conditions.

 
  Name               Role    No. of Shares over which awards 
                                         granted 
 Stephen Dyke        PDMR                 9,621 
                    ------  -------------------------------- 
 Marques McCammon    PDMR                13,716 
                    ------  -------------------------------- 
 James Passemard     PDMR                 4,810 
                    ------  -------------------------------- 
 
   3.         2011 Deferred Bonus Plan - grant of deferred awards and matching awards 

The Company also announces that, on 24 October 2019, conditional "deferred awards" over a total of 43,327 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 James Mills, Chris Amsden, Gareth Taylor, Ian Rogerson and Brian Smith, 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 
                    Executive 
 Dave Shemmans       Director             12,969 
                   -----------  ------------------------- 
                    Executive 
 Ian Gibson          Director             6,844 
                   -----------  ------------------------- 
                    Executive 
 Mark Garrett        Director             4,963 
                   -----------  ------------------------- 
 Paul Seller        PDMR                  1,023 
                   -----------  ------------------------- 
 Gareth Taylor      PDMR                   124 
                   -----------  ------------------------- 
 Tim Curtis         PDMR                  3,298 
                   -----------  ------------------------- 
 Ian Rogerson       PDMR                  1,191 
                   -----------  ------------------------- 
 Chris Amsden       PDMR                  1,851 
                   -----------  ------------------------- 
 Chester Gryczan    PDMR                  3,429 
                   -----------  ------------------------- 
 Brian Smith        PDMR                  1,386 
                   -----------  ------------------------- 
 Gary Tan           PDMR                  1,799 
                   -----------  ------------------------- 
 James Mills        PDMR                   296 
                   -----------  ------------------------- 
 James Passemard    PDMR                  4,154 
                   -----------  ------------------------- 
 

Finally, further conditional "bonus-linked share awards" over a total of 24,776 Shares were granted to Executive Directors under the terms of the DBP on the basis of one Share comprised in such a "bonus-linked share award" for each Share comprised in the corresponding deferred award (detailed above) granted to the individual on the same occasion. Details of these DBP bonus-linked share 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 24 October 2019 under cycle 13 of the LTIP, are set out below:

 
 Name             Role         No. of Shares over which awards 
                                           granted 
                  Executive 
 Dave Shemmans     Director                12,969 
                 -----------  -------------------------------- 
                  Executive 
 Ian Gibson        Director                 6,844 
                 -----------  -------------------------------- 
                  Executive 
 Mark Garrett      Director                 4,963 
                 -----------  -------------------------------- 
 
   4.   Current total holdings of awards/options over shares 

Following the above notification, 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 holding    Approximate % of 
                                   following this    Company's issued 
                                    notification      share capital 
                     Executive 
 Dave Shemmans        Director        357,267            0.6690% 
                    -----------  ----------------  ------------------ 
                     Executive 
 Ian Gibson           Director        145,035            0.2716% 
                    -----------  ----------------  ------------------ 
                     Executive 
 Mark Garrett         Director        117,885            0.2207% 
                    -----------  ----------------  ------------------ 
 Paul Seller         PDMR             38,266             0.0717% 
                    -----------  ----------------  ------------------ 
 Gareth Taylor       PDMR             15,136             0.0283% 
                    -----------  ----------------  ------------------ 
 Tim Curtis          PDMR             34,965             0.0655% 
                    -----------  ----------------  ------------------ 
 Ian Rogerson        PDMR             16,793             0.0314% 
                    -----------  ----------------  ------------------ 
 Martin Starkey      PDMR             13,069             0.0245% 
                    -----------  ----------------  ------------------ 
 Chris Amsden        PDMR             18,327             0.0343% 
                    -----------  ----------------  ------------------ 
 Chester Gryczan     PDMR             30,474             0.0571% 
                    -----------  ----------------  ------------------ 
 Brian Smith         PDMR             13,655             0.0256% 
                    -----------  ----------------  ------------------ 
 Gary Tan            PDMR             52,862             0.0990% 
                    -----------  ----------------  ------------------ 
 Stephen Dyke        PDMR             25,656             0.0480% 
                    -----------  ----------------  ------------------ 
 James Mills         PDMR             16,954             0.0317% 
                    -----------  ----------------  ------------------ 
 James Passemard     PDMR             42,366             0.0793% 
                    -----------  ----------------  ------------------ 
 Marques McCammon    PDMR             36,576             0.0685% 
                    -----------  ----------------  ------------------ 
 

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/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan and the Ricardo plc 2011 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       82,590 
                                    ----------  ---------- 
                                        Nil       12,969 
                                    ----------  ---------- 
                                        Nil       12,969 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume 
                                     108,528 
                                     GBP0 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  --------------------------------------------------- 
 
 
  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/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan and the Ricardo plc 2011 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       29,526 
                                    ----------  ---------- 
                                        Nil        6,844 
                                    ----------  ---------- 
                                        Nil        6,844 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     43,214 
 
                                     GBP0 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  --------------------------------------------------- 
 
 
  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/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan and the Ricardo plc 2011 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       25,396 
                                    ----------  ---------- 
                                        Nil        4,963 
                                    ----------  ---------- 
                                        Nil        4,963 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     35,322 
 
                                     GBP0 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  --------------------------------------------------- 
 
 
  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/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan and the Ricardo plc 2011 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       16,035 
                                    ----------  ---------- 
                                        Nil        1,023 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     17,058 
 
                                     GBP0 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  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)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan and the Ricardo plc 2011 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil        6,048 
                                    ----------  ---------- 
                                        Nil         124 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     6,172 
 
                                     GBP0 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  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 - Ricardo Energy and 
                                     Environment 
----  --------------------------  --------------------------------------------------- 
  b)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan and the Ricardo plc 2011 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       14,039 
                                    ----------  ---------- 
                                        Nil        3,298 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     17,337 
 
                                     GBP0 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  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)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan and the Ricardo plc 2011 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil        6,638 
                                    ----------  ---------- 
                                        Nil        1,191 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     7,829 
                                     GBP0 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  --------------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities/person 
        closely associated 
      ------------------------------------------------------------------------------- 
  a)   Name                         Martin Starkey 
----  --------------------------  --------------------------------------------------- 
  2    Reason for the notification 
----  ------------------------------------------------------------------------------- 
  a)   Position/status              PDMR: Managing Director - Performance Products 
----  --------------------------  --------------------------------------------------- 
  b)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional award of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan. 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       13,069 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     Not applicable 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  --------------------------------------------------- 
 
 
  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/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan and the Ricardo plc 2011 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil        6,696 
                                    ----------  ---------- 
                                        Nil        1,851 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information    8,547 
          *    Aggregated volume   GBP0 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  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/         Initial Notification 
        Amendment 
----  ---------------------------  --------------------------------------------------- 
  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                Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification                GB0007370074 
        code 
----  ---------------------------  --------------------------------------------------- 
  b)   Nature of the                Conditional awards of shares pursuant to the 
        transaction                  rules of the Ricardo plc 2014 Long Term Incentive 
                                     Plan and the Ricardo plc 2011 Deferred Bonus 
                                     Plan 
----  ---------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                                 ---------- 
                                         Nil       16,054 
                                     ----------  ---------- 
                                         Nil        3,429 
                                     ----------  ---------- 
----  ---------------------------  --------------------------------------------------- 
  d)     Aggregated information 
           *    Aggregated volume    19,483 
                                     GBP0 
 
           *    Price 
----  ---------------------------  --------------------------------------------------- 
  e)   Date of the transaction      2019-10-24 
----  ---------------------------  --------------------------------------------------- 
  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)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan and the Ricardo plc 2011 Deferred Bonus 
                                    Plan. 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil        7,726 
                                    ----------  ---------- 
                                        Nil        1,386 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     9,112 
                                     GBP0 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  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)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan and the Ricardo plc 2011 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       20,309 
                                    ----------  ---------- 
                                        Nil        1,799 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     22,108 
 
                                     GBP0 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  --------------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities/person 
        closely associated 
      ------------------------------------------------------------------------------- 
  a)   Name                         Marques McCammon 
----  --------------------------  --------------------------------------------------- 
  2    Reason for the notification 
----  ------------------------------------------------------------------------------- 
  a)   Position/status              PDMR: President, Ricardo US 
----  --------------------------  --------------------------------------------------- 
  b)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan. 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       22,860 
                                    ----------  ---------- 
                                        Nil       13,716 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume 
                                    36,576 
                                    GBP0 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  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)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan and the Ricardo plc 2011 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil        7,336 
                                    ----------  ---------- 
                                        Nil         296 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     7,632 
 
                                     GBP0 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  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)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  ---------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  ---------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan and the Ricardo plc 2011 Deferred Bonus 
                                    Plan 
----  --------------------------  ---------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       17,177 
                                    ----------  ---------- 
                                        Nil        4,810 
                                    ----------  ---------- 
                                        Nil        4,154 
                                    ----------  ---------- 
----  --------------------------  ---------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     26,141 
                                     GBP0 
 
          *    Price 
----  --------------------------  ---------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  ---------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  ---------------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities/person 
        closely associated 
      ------------------------------------------------------------------------------- 
  a)   Name                         Stephen Dyke 
----  --------------------------  --------------------------------------------------- 
  2    Reason for the notification 
----  ------------------------------------------------------------------------------- 
  a)   Position/status              PDMR: Managing Director - EMEA Automotive 
----  --------------------------  --------------------------------------------------- 
  b)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  --------------------------------------------------- 
  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               Ordinary shares of 25p each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB0007370074 
        code 
----  --------------------------  --------------------------------------------------- 
  b)   Nature of the               Conditional awards of shares pursuant to the 
        transaction                 rules of the Ricardo plc 2014 Long Term Incentive 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       16,035 
                                    ----------  ---------- 
                                        Nil        9,621 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     25,656 
                                     GBP0 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2019-10-24 
----  --------------------------  --------------------------------------------------- 
  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.

END

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(END) Dow Jones Newswires

October 25, 2019 10:01 ET (14:01 GMT)

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