30th Jan 2007 12:32
Ricardo PLC30 January 2007 Ricardo Plc SAIC OPTION EXERCISED 30 January 2007 Following a highly successful twenty month period of development by Ricardo 2010Consultants Ltd (a Ricardo subsidiary set up solely for this purpose) of newproducts for SAIC Motor Company and of a world-class engineering organisation,SAIC has today exercised its option to take ownership of this venture as plannedat a nominal sum of £1. The transfer of ownership of Ricardo 2010 ConsultantsLtd will have no commercial impact for Ricardo plc in the financial year endingJune 30, 2007. Further enquiries: Ricardo plcDave Shemmans, Chief Executive Tel: 01273 455611Paula Bell, Finance DirectorWebsite: www.ricardo.com Gavin Anderson & CompanyFergus Wylie/Daniel Hunter Tel: 020 7554 1400 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Ricardo