Ricardo PLC
Director / PDMR Shareholdings
19 March 2025
London
1. 2020 Long Term Incentive Plan - vesting of plan cycle 15B
Ricardo PLC (the "Company") announces that, on 14 March 2025, a total of 8,000 ordinary shares of 25 pence each ("Shares") vested in favour of Mike Bell, a Person Discharging Managerial Responsibilities ("PDMR"), under the terms of the Company's 2020 Long Term Incentive Plan (the "LTIP"). This award was granted on 14 March 2022 and was not subject to any performance conditions.
2. Realisation of value of shares
Immediately on the vesting of the award referred to in section 1 above, Mike Bell realised value in respect of 3,760 Shares at a price of £2.48.
3. Net current total holdings of Shares
Following the above notifications, Mike Bell's total holding of Shares is 10,592, equal to approximately 0.017% 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 | Mike Bell | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR: Chief Strategy and Digital 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 | Vesting of award granted on 14 March 2022 pursuant to the terms of the Ricardo plc 2020 Long Term Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
Not applicable
| ||||
| e) | Date of the transaction | 14 March 2025 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 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 | Shares realised for value | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
| e) | Date of the transaction | 14 March 2025 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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