TIDMRCDO

RNS Number : 2148C

Ricardo PLC

07 October 2022

Ricardo PLC

Director / PDMR Shareholdings

7 October 2022

London

   1.         2020 Long Term Incentive Plan - grant of plan cycle 16 awards 

Ricardo PLC (the "Company") announces that, on 6 October 2022 conditional awards over a total of 501,598 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"). These awards vest after three years and are subject to TSR and EPS performance conditions.

 
 Name                Role                   No. of Shares over 
                                            which awards granted 
 Graham Ritchie      Executive Director           157,788 
                    --------------------  ---------------------- 
 Ian Gibson          Executive Director           103,336 
                    --------------------  ---------------------- 
 Chris Amsden        PDMR                         10,476 
                    --------------------  ---------------------- 
 Mike Bell           PDMR                         27,417 
                    --------------------  ---------------------- 
 Iain Carmichael     PDMR                         19,024 
                    --------------------  ---------------------- 
 Tim Curtis          PDMR                         22,476 
                    --------------------  ---------------------- 
 Thomas DaPolito     PDMR                         16,351 
                    --------------------  ---------------------- 
 Chester Gryczan     PDMR                         26,261 
                    --------------------  ---------------------- 
 Marques McCammon    PDMR                         34,685 
                    --------------------  ---------------------- 
 Alex Pascoe         PDMR                          9,682 
                    --------------------  ---------------------- 
 Ian Rogerson        PDMR                          9,970 
                    --------------------  ---------------------- 
 Patricia Ryan       PDMR                         11,260 
                    --------------------  ---------------------- 
 Adrian Schaffer     PDMR                          7,819 
                    --------------------  ---------------------- 
 Brian Smith         PDMR                         14,408 
                    --------------------  ---------------------- 
 Martin Starkey      PDMR                         20,171 
                    --------------------  ---------------------- 
 Gareth Taylor       PDMR                         10,474 
                    --------------------  ---------------------- 
 
   2.         2021 Deferred Bonus Plan - grant of deferred bonus awards 

Ricardo PLC (the "Company") announces that, on 6 October 2022, conditional awards over a total of 82,856 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 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 Marques McCammon, Tim Curtis, Chester Gryczan and Martin Starkey, 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 
                     Executive 
 Graham Ritchie       Director             22,682 
                    -----------  ------------------------- 
                     Executive 
 Ian Gibson           Director             17,752 
                    -----------  ------------------------- 
 Chris Amsden        PDMR                  1,602 
                    -----------  ------------------------- 
 Mike Bell           PDMR                  5,110 
                    -----------  ------------------------- 
 Tim Curtis          PDMR                  8,088 
                    -----------  ------------------------- 
 Thomas DaPolito     PDMR                  2,193 
                    -----------  ------------------------- 
 Chester Gryczan     PDMR                  3,740 
                    -----------  ------------------------- 
 Marques McCammon    PDMR                  6,462 
                    -----------  ------------------------- 
 Alex Pascoe         PDMR                  2,588 
                    -----------  ------------------------- 
 Ian Rogerson        PDMR                  2,942 
                    -----------  ------------------------- 
 Patricia Ryan       PDMR                  2,757 
                    -----------  ------------------------- 
 Brian Smith         PDMR                  1,390 
                    -----------  ------------------------- 
 Martin Starkey      PDMR                  4,001 
                    -----------  ------------------------- 
 Gareth Taylor       PDMR                  1,279 
                    -----------  ------------------------- 
 

3. 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 
                                   following this    % of Company's 
                                    notification      issued share 
                                                        capital 
                     Executive 
 Graham Ritchie       Director        348,327           0.560% 
                    -----------  ----------------  ---------------- 
                     Executive 
 Ian Gibson           Director        401,574           0.645% 
                    -----------  ----------------  ---------------- 
 Chris Amsden        PDMR             41,391            0.067% 
                    -----------  ----------------  ---------------- 
 Mike Bell           PDMR             61,323            0.099% 
                    -----------  ----------------  ---------------- 
 Iain Carmichael     PDMR             23,524            0.038% 
                    -----------  ----------------  ---------------- 
 Tim Curtis          PDMR             95,141            0.153% 
                    -----------  ----------------  ---------------- 
 Thomas DaPolito     PDMR             48,975            0.079% 
                    -----------  ----------------  ---------------- 
 Chester Gryczan     PDMR             97,474            0.157% 
                    -----------  ----------------  ---------------- 
 Marques McCammon    PDMR             156,947           0.252% 
                    -----------  ----------------  ---------------- 
 Alex Pascoe         PDMR             32,197            0.052% 
                    -----------  ----------------  ---------------- 
 Ian Rogerson        PDMR             42,147            0.068% 
                    -----------  ----------------  ---------------- 
 Patricia Ryan       PDMR             36,017            0.058% 
                    -----------  ----------------  ---------------- 
 Adrian Schaffer     PDMR             12,819            0.021% 
                    -----------  ----------------  ---------------- 
 Brian Smith         PDMR             49,226            0.079% 
                    -----------  ----------------  ---------------- 
 Martin Starkey      PDMR             81,733            0.131% 
                    -----------  ----------------  ---------------- 
 Gareth Taylor       PDMR             40,293            0.065% 
                    -----------  ----------------  ---------------- 
 

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/        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 2020 Long Term Incentive 
                                    Plan and the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       157,788 
                                    ----------  ---------- 
                                        Nil       22,682 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     N/A 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  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 2020 Long Term Incentive 
                                    Plan and the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       103,336 
                                    ----------  ---------- 
                                        Nil       17,752 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information      N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  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 2020 Long Term Incentive 
                                    Plan and the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       10,476 
                                    ----------  ---------- 
                                        Nil        1,602 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information      N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  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/        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 2020 Long Term Incentive 
                                    Plan and the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       27,417 
                                    ----------  ---------- 
                                        Nil        5,110 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information      N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  --------------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities/person 
        closely associated 
      ------------------------------------------------------------------------------- 
  a)   Name                         Iain Carmichael 
----  --------------------------  --------------------------------------------------- 
  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 2020 Long Term Incentive 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       19,024 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information      N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  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 2020 Long Term Incentive 
                                    Plan and the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       22,476 
                                    ----------  ---------- 
                                        Nil        8,088 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information      N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  --------------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities/person 
        closely associated 
      ------------------------------------------------------------------------------- 
  a)   Name                         Thomas DaPolito 
----  --------------------------  --------------------------------------------------- 
  2    Reason for the notification 
----  ------------------------------------------------------------------------------- 
  a)   Position/status              PDMR: Chief Financial Officer, 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 2020 Long Term Incentive 
                                    Plan and the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       16,351 
                                    ----------  ---------- 
                                        Nil        2,193 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information      N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  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 2020 Long Term Incentive 
                                    Plan and the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       26,261 
                                    ----------  ---------- 
                                        Nil        3,740 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information      N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  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: Managing Director - Automotive & Industrial 
----  --------------------------  --------------------------------------------------- 
  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 2020 Long Term Incentive 
                                    Plan and the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       34,685 
                                    ----------  ---------- 
                                        Nil        6,462 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume    N/A 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  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)   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 2020 Long Term Incentive 
                                    Plan and the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil        9,682 
                                    ----------  ---------- 
                                        Nil        2,588 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information      N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  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 2020 Long Term Incentive 
                                     Plan and the Ricardo plc 2021 Deferred Bonus 
                                     Plan 
----  ---------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                                 ---------- 
                                         Nil        9,970 
                                     ----------  ---------- 
                                         Nil        2,942 
                                     ----------  ---------- 
----  ---------------------------  --------------------------------------------------- 
  d)     Aggregated information 
           *    Aggregated volume    N/A 
 
 
           *    Price 
----  ---------------------------  --------------------------------------------------- 
  e)   Date of the transaction      2022-10-06 
----  ---------------------------  --------------------------------------------------- 
  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: Group General Counsel and Company Secretary 
----  --------------------------  --------------------------------------------------- 
  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 2020 Long Term Incentive 
                                    Plan and the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       11,260 
                                    ----------  ---------- 
                                        Nil        2,757 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information      N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  --------------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities/person 
        closely associated 
      ------------------------------------------------------------------------------- 
  a)   Name                         Adrian Schaffer 
----  --------------------------  --------------------------------------------------- 
  2    Reason for the notification 
----  ------------------------------------------------------------------------------- 
  a)   Position/status              PDMR: President, Emerging Mobility 
----  --------------------------  --------------------------------------------------- 
  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 2020 Long Term Incentive 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil        7,819 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     Not applicable 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  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 2020 Long Term Incentive 
                                    Plan and the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       14,408 
                                    ----------  ---------- 
                                        Nil        1,390 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information      N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  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 awards of shares pursuant to the 
        transaction                 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       20,171 
                                    ----------  ---------- 
                                        Nil        4,001 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information      N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  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 2020 Long Term Incentive 
                                    Plan and the Ricardo plc 2021 Deferred Bonus 
                                    Plan 
----  --------------------------  --------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                        Nil       10,474 
                                    ----------  ---------- 
                                        Nil        1,279 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     Not applicable 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------- 
  e)   Date of the transaction     2022-10-06 
----  --------------------------  --------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  --------------------------------------------------- 
 

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END

DSHDZMGGMNZGZZM

(END) Dow Jones Newswires

October 07, 2022 07:43 ET (11:43 GMT)

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