24th Oct 2008 17:49
Director/PDMR Shareholdings
1. 1996 Long Term Incentive Plan Cycle 10 vesting
The Company announces that on 24 October 2008, awards of ordinary shares of 25p each in Ricardo plc in relation to the three year Plan Cycle ending in June 2008 and made under the Company's 1996 Long Term Incentive Plan to the directors and PDMRs set out below were subject to TSR performance conditions and vested as follows:
|
Director/PDMR |
Shares vesting |
|
Dave Shemmans |
24,643 |
|
Mark Garrett |
2,063 |
|
Paul McNamara |
4,585 |
|
Bob Allsopp |
6,579 |
The following 25p ordinary shares were sold at 2.81p per share to account for tax payable on the above vestings as follows:
|
Director/PDMR |
Shares sold |
|
Dave Shemmans |
10,320 |
|
Mark Garrett |
864 |
|
Paul McNamara |
1,920 |
|
Bob Allsopp |
2,755 |
2. Steve Parker deferred shares vesting
The Company announces that on 24 October 2008 a deferred share award made to Steve Parker, a director of the Company, on 26 September 2006 over 80,241 ordinary shares of 25p each in Ricardo plc (including dividend entitlements), and not subject to performance conditions, vested in full. 46,639 25p ordinary shares are being delivered to Steve Parker following deductions for tax.
Following the notifications above, their total holdings of ordinary shares are as follows:
|
Director/PDMR |
Total holdings following this notification |
% of Company's issued share capital |
|
Dave Shemmans |
30,508 |
0.06% |
|
Steve Parker |
120,978 |
0.24% |
|
Mark Garrett |
5,125 |
0.01% |
|
Paul McNamara |
3,250 |
0.01% |
|
Bob Allsopp |
12,564 |
0.02% |
Contact name: David Oglethorpe, Company Secretary, Ricardo plc
Contact telephone number: 01926 319302
Related Shares:
Ricardo