Ricardo PLC Director/PDMR Shareholding (4068Z)

TIDMRCDO

RNS Number : 4068Z

Ricardo PLC

15 May 2023

Ricardo PLC

Director / PDMR Shareholdings

12 May 2023

London

Purchase of Partnership Shares under the Ricardo PLC Share Incentive Plan (the "SIP")

Ricardo PLC (the "Company") announces that on 10 May 2023 it received notification from the trustee (the "Trustee") of the Company's SIP that on 9 May 2023 it purchased an aggregate of 26 ordinary shares of 25 pence each in the Company ("Shares") in the market at a price of GBP5.74 per Share on behalf the following Persons Discharging Managerial Responsibilities:

 
 Name               No. of Shares purchased 9 May 
                     2023 
 Martin Starkey                   9 
                   ------------------------------ 
 Rachel Stringer                 17 
                   ------------------------------ 
 

These purchases related to the "Partnership Share" element of the SIP and were made using deductions from the relevant individuals' gross salaries.

Following the above purchases, the total beneficial holding of Shares of the relevant PDMRs are set out below:

 
 Name                Total holding       Approximate % 
                     following this    of Company's issued 
                      notification        share capital 
 Martin Starkey         769 [1]              0.001% 
                   ----------------  --------------------- 
 Rachel Stringer          500                0.001% 
                   ----------------  --------------------- 
 

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                         Martin Starkey (the "Participant") 
----  --------------------------  ------------------------------------------------- 
  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               Purchase of Shares by Link Market Services 
        transaction                 Trustees Limited, the trustee of the Ricardo 
                                    plc Share Incentive Plan (the "SIP"), on behalf 
                                    of the Participant relating to the "Partnership 
                                    Share" element of the SIP using deductions 
                                    from the Participant's gross salary. 
----  --------------------------  ------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                      GBP5.74        9 
                                    ----------  ---------- 
----  --------------------------  ------------------------------------------------- 
  d)    Aggregated information     Not applicable 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ------------------------------------------------- 
  e)   Date of the transaction     2023-05-09 
----  --------------------------  ------------------------------------------------- 
  f)   Place of the transaction    London Stock Exchange, Main Market (XLON) 
----  --------------------------  ------------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities/person 
        closely associated 
      ------------------------------------------------------------------------------------- 
  a)   Name                         Rachel Stringer (the "Participant") 
----  --------------------------  --------------------------------------------------------- 
  2    Reason for the notification 
----  ------------------------------------------------------------------------------------- 
  a)   Position/status              PDMR: Global President - Clean Energy and Environmental 
                                     Solutions 
----  --------------------------  --------------------------------------------------------- 
  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               Purchase of Shares by Link Market Services 
        transaction                 Trustees Limited, the trustee of the Ricardo 
                                    plc Share Incentive Plan (the "SIP"), on behalf 
                                    of the Participant relating to the "Partnership 
                                    Share" element of the SIP using deductions 
                                    from the Participant's gross salary. 
----  --------------------------  --------------------------------------------------------- 
  c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                                ---------- 
                                      GBP5.74       17 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------------- 
  d)    Aggregated information     Not applicable 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------------- 
  e)   Date of the transaction     2023-05-09 
----  --------------------------  --------------------------------------------------------- 
  f)   Place of the transaction    London Stock Exchange, Main Market (XLON) 
----  --------------------------  --------------------------------------------------------- 
 

[1] As a result of a reconciliation exercise with the SIP trustee, the total shares held by Martin Starkey has been adjusted to reflect a single additional SIP dividend reinvestment share awarded to him in 2021.

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May 15, 2023 03:37 ET (07:37 GMT)