RNS Number : 4364N
Ricardo PLC
25 October 2016
 

Ricardo PLC

 

Director / PDMR Shareholdings

 

25 October 2016

London

 

1.         2014 Long Term Incentive Plan - grant of plan cycle 10

 

Ricardo PLC (the "Company") announces that, on 25 October 2016, conditional awards over a total of 140,267 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 on 25 October 2016

Dave Shemmans

Executive Director

48,915

Ian Gibson

Executive Director

17,318

Mark Garrett

Executive Director

15,114

David Smith

PDMR

6,287

Mark Stoddart

PDMR

2,288

Mark Barge

PDMR

5,019

Chris Amsden

PDMR

1,996

Markus Doerr

PDMR

12,803

Paul Seller

PDMR

4,954

Gareth Taylor

PDMR

1,848

Tim Curtis

PDMR

4,809

Ian Rogerson

PDMR

2,098

Paul Rivera

PDMR

6,706

Chet Gryczan

PDMR

2,995

Gary Tan

PDMR

7,117

 

2.         2011 Deferred Bonus Plan - grant of deferred awards and matching awards

 

The Company also announces that, on 25 October 2016, conditional "deferred awards" over a total of 44,698 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 Mark Stoddart, Paul Rivera and Gareth Taylor 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 on 25 October 2016

Dave Shemmans

Executive Director

19,336

Ian Gibson

Executive Director

9,604

Mark Garrett

Executive Director

8,244

David Smith

PDMR

550

Mark Stoddart

PDMR

329

Mark Barge

PDMR

519

Paul Rivera

PDMR

469

Gary Tan

PDMR

2,270

Paul Seller

PDMR

2,185

Gareth Taylor

PDMR

635

Tim Curtis

PDMR

557

 

 

Finally, further conditional "matching awards" over a total of 37,184 Shares were granted to Executive Directors under the terms of the DBP on the basis of one Share comprised in such a "matching award" for each Share comprised in the corresponding deferred award (detailed above) granted to an individual on the same occasion. Details of these DBP matching 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 25 October 2016 under cycle 10 of the LTIP, are set out below:

 

Name

Role

No. of Shares over which awards granted on 25 October 2016

Dave Shemmans

Executive Director

19,336

Ian Gibson

Executive Director

9,604

Mark Garrett

Executive Director

8,244

 

 

5.         Current total holdings of awards/options over shares

 

Following the above notifications, 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 no. of Shares subject to outstanding awards / options

Approximate % of Company's issued share capital

Dave Shemmans

Executive Director

278,336

0.52%

Ian Gibson

Executive Director

114,349

0.22%

Mark Garrett

Executive Director

98,553

0.19%

David Smith

PDMR

13,468

0.03%

Mark Stoddart

PDMR

4,937

0.01%

Mark Barge

PDMR

17,784

0.03%

Chris Amsden

PDMR

4,035

0.01%

Markus Doerr

PDMR

31,954

0.06%

Paul Seller

PDMR

12,211

0.02%

Gareth Taylor

PDMR                                                                                                                                                       

4,207

0.01%

Tim Curtis

PDMR                                                                                                                                                       

9,775

0.02%

Ian Rogerson

PDMR                                                                                                                                                        

4,269

0.01%

Paul Rivera

PDMR                                                                                                                                                       

14,503

0.03%

Chet Gryczan

PDMR

2,995

0.01%

Gary Tan

PDMR                                                                                                                                                       

24,662

0.05%

 

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/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of rights to acquire shares pursuant to 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)

£0

48,915

£0

19,336

£0

19,336

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

87,587

£0

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

 

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/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of rights to acquire shares pursuant to 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)

£0

17,318

£0

9,604

£0

9,604

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

36,526

£0

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

 

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/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of rights to acquire shares pursuant to 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)

£0

15,114

£0

8,244

£0

8,244

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

31,602

£0

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Smith

2

Reason for the notification

a)

Position/status

PDMR: Managing Director - Ricardo Europe Technical Centre

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of rights to acquire shares pursuant to 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)

£0

6,287

£0

550

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

6,837

£0

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Stoddart

2

Reason for the notification

a)

Position/status

PDMR: Finance Director - Ricardo Europe Technical Centre

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of rights to acquire shares pursuant to 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)

£0

2,288

£0

329

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

2,617

£0

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Barge

2

Reason for the notification

a)

Position/status

PDMR: Managing Director - Performance Products

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of rights to acquire shares pursuant to 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)

£0

5,019

£0

519

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

5,538

£0

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

 

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/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of right to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

1,996

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

Not applicable

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Markus Doerr

2

Reason for the notification

a)

Position/status

PDMR: Managing Director - Ricardo Strategic Consulting

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of right to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

12,803

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

Not applicable

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

 

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/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of rights to acquire shares pursuant to 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)

£0

4,954

£0

2,185

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

7,139

£0

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

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/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of rights to acquire shares pursuant to 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)

£0

1,848

£0

635

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

2,483

£0

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

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/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of rights to acquire shares pursuant to 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)

£0

4,809

£0

557

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

5,366

£0

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

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/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of right to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

2,098

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

Not applicable

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Paul Rivera

2

Reason for the notification

a)

Position/status

PDMR: President, Ricardo Inc.

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of rights to acquire shares pursuant to 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)

£0

6,706

£0

469

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

7,175

£0

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Chet Gryczan

2

Reason for the notification

a)

Position/status

PDMR: President, Ricardo Defence Systems

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of right to acquire shares pursuant to the Ricardo plc 2014 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

2,995

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

Not applicable

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

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 - Ricardo Asia

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ricardo plc

b)

LEI

213800ZNYAY35F4XB814

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 25p each ("Shares")

Identification code

GB0007370074

b)

Nature of the transaction

Award of rights to acquire shares pursuant to 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)

£0

7,117

£0

2,270

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

9,387

£0

e)

Date of the transaction

2016-10-25

f)

Place of the transaction

London Stock Exchange

 


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END
 
 
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