TIDMRCDO

RNS Number : 5065K

Ricardo PLC

21 December 2022

Ricardo PLC

Director / PDMR Shareholdings

8 December 2022

London

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

Ricardo PLC (the "Company") announces that on 8 December 2022 a conditional award over a total of 34,567 shares of 25 pence each in the Company ("Shares") were granted to Rachel Stringer, a Person Discharging Managerial Responsibility ("PDMR"), as set out below under the terms of the Company's 2020 Long Term Incentive Plan (the "LTIP"). This award vests after three years and is subject to TSR and EPS performance conditions.

2. Current total holdings of awards/options over shares

Following the above notification, the total number of Shares over which the relevant PDMR holds outstanding awards is 34,567. This number represents approximately 0.056% of the Company's issued share capital.

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                         Rachel Stringer 
----  --------------------------  --------------------------------------------------------- 
  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               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       34,567 
                                    ----------  ---------- 
----  --------------------------  --------------------------------------------------------- 
  d)    Aggregated information 
          *    Aggregated volume     N/A 
 
 
          *    Price 
----  --------------------------  --------------------------------------------------------- 
  e)   Date of the transaction     2022-12-08 
----  --------------------------  --------------------------------------------------------- 
  f)   Place of the transaction    Outside a trading venue 
----  --------------------------  ---------------------------------------------------------

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END

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December 21, 2022 07:48 ET (12:48 GMT)

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