Key Financial Insights from Ricardo PLC's Recent Disclosure
Key Information Overview
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the “Code”)
1. KEY INFORMATION
(a) Name of exempt principal trader: Investec Bank plc
(b) Name of offeror/offeree: Ricardo plc
(c) Connection to the offer: Investec is Joint Advisor and Joint Broker to Ricardo plc
(d) Date of transaction: September 15, 2025
(e) Further disclosures for this offer: N/A
Dealings by the Exempt Principal Trader
When multiple classes of securities are involved, separate documentation may be required.
The currency for all transactions is stated accordingly.
(a) Purchases and sales
Class of relevant security: Ordinary shares
Type of transaction: Purchases
Total number of securities: 4,877
Highest price per unit: £426.3
Lowest price per unit: £426.3
Cash-Settled Derivative Transactions
(b) Cash-settled derivative transactions
Class of relevant security: N/A
Product description: N/A
Nature of the dealing: N/A
Number of reference securities: N/A
Price per unit: N/A
Stock-Settled Derivative Transactions
(c) Stock-settled transactions
(i) Writing, selling, purchasing or varying
Class of relevant security: N/A
Product description: N/A
Transaction details: N/A
Number related to option: N/A
Exercise price per unit: N/A
Type: N/A
Expiry date: N/A
Option money received: N/A
(ii) Exercise
Class of relevant security: N/A
Product description: N/A
Details of exercise: N/A
Number of securities exercised: N/A
Exercise price per unit: N/A
Additional Dealings
(d) Other dealings
Class of relevant security: N/A
Nature of dealing: N/A
Details: N/A
Price per unit: N/A
Other Relevant Information
(a) Indemnity and Dealings
No indemnity arrangements or related agreements exist for these transactions.
(b) Options and Derivatives
No agreements related to options or derivatives are in place.
Date of disclosure: September 16, 2025
Contact name: Abhishek Gawde
Telephone number: +91 9923757332
Public disclosures are made in accordance with Rule 8 of the Code through a Regulatory Information Service.
For inquiries, the Panel’s Market Surveillance Unit can be contacted at +44 (0)20 7638 0129.
The details of the Code are available on the Takeover Panel's website.
Frequently Asked Questions
What is the purpose of Form 8.5?
Form 8.5 is used to disclose public dealings by exempt principal traders in securities related to an offeror or offeree under the Takeover Code.
Who is Investec Bank plc in relation to Ricardo plc?
Investec Bank plc serves as a Joint Advisor and Joint Broker to Ricardo plc.
What types of transactions are reported in this form?
The form reports purchases, sales, cash-settled and stock-settled derivative transactions, including options and subscriptions.
Are there any derivatives reported for this disclosure?
No derivatives or related agreements were disclosed in this instance.
How can one reach the Panel’s Market Surveillance Unit?
Contact can be made with the Panel’s Market Surveillance Unit at +44 (0)20 7638 0129 for guidance on disclosure requirements.
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