Ricardo PLC Director/PDMR Shareholding (6201R)

TIDMRCDO

RNS Number : 6201R

Ricardo PLC

29 October 2013

Ricardo PLC

Director / PDMR Shareholdings

29 October 2013

London

   1.         2006 Long Term Incentive Plan - vesting of plan cycle 3 

Ricardo PLC (the "Company") announces that on 25 October 2013, a total of 151,704 ordinary shares of 25 pence each in the Company ("Shares") vested in favour of Executive Directors and other Persons Discharging Managerial Responsibilities ("PDMRs") under the terms of the Company's 2006 Long Term Incentive Plan (the "Plan"). This vesting, details of which are provided below, related to awards that were granted under the Plan on 25 October 2010 and was subject to the satisfaction of both EPS and TSR performance conditions.

 
 Name             Role         No. of Shares that vested 
                                   on 25 October 2013 
---------------  -----------  -------------------------- 
                  Executive 
 Dave Shemmans     Director             97,644 
---------------  -----------  -------------------------- 
                  Executive 
 Mark Garrett      Director             33,584 
---------------  -----------  -------------------------- 
 Markus Doerr     PDMR                  20,476 
---------------  -----------  -------------------------- 
 
   2.         Deferred Bonus Plan - Awards granted in 2010 

The Company also announces that on 25 October 2013, a total of 11,510 Shares vested in favour of Executive Directors under the terms of the Company's Deferred Bonus Plan. These awards (which included dividend entitlements) were granted on 25 October 2010. They vested following the end of a three year Deferral Period and were not subject to performance conditions. Further details of this vesting are provided below:

 
  Name            Role         No. of Shares that vested 
                                   on 25 October 2013 
---------------  -----------  -------------------------- 
                  Executive 
 Dave Shemmans     Director              8,650 
---------------  -----------  -------------------------- 
                  Executive 
 Mark Garrett      Director              2,860 
---------------  -----------  -------------------------- 
 

Immediately on vesting, the Executive Directors realised value in respect of the following shares at a price of GBP6.615:

 
 Name             Role         No. of Shares realised for 
                                value on 25 October 2013 
---------------  -----------  --------------------------- 
                  Executive 
 Dave Shemmans     Director              8,650 
---------------  -----------  --------------------------- 
                  Executive 
 Mark Garrett      Director              1,345 
---------------  -----------  --------------------------- 
 
   3.         Net current total holdings of Shares 

Following the above notifications, the total holdings of Shares of the relevant Executive Directors and other PDMRs are as follows:

 
  Name            Role          Total holding    Approximate % 
                                following this    of Company's 
                                 notification     issued share 
                                                    capital 
---------------  -----------  ----------------  -------------- 
                  Executive 
 Dave Shemmans     Director        257,814           0.49% 
---------------  -----------  ----------------  -------------- 
                  Executive 
 Mark Garrett      Director        57,184            0.11% 
---------------  -----------  ----------------  -------------- 
 Markus Doerr     PDMR             56,701            0.11% 
---------------  -----------  ----------------  -------------- 
 

The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSMMMZGLLGGFZG