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LONDON - Engineering and environmental consultancy Ricardo PLC (LSE:RCDO) has applied to the Financial Conduct Authority and London Stock Exchange for a block listing of 2,297,406 new ordinary shares, according to a company statement released Friday.
The 25 pence ordinary shares will be used to satisfy award vestings under the company’s employee share plans, with 162,922 shares allocated to the 2021 Ricardo plc Deferred Bonus Plan and 2,134,484 shares designated for the 2020 Ricardo plc Long Term Incentive Plan.
The admission is expected to become effective on October 6, 2025. Once issued, the new shares will rank equally with Ricardo’s existing ordinary shares.
Block listings allow companies to issue new shares over time without having to make separate applications for each issuance, typically used for employee share schemes where the exact timing and number of shares to be issued may vary.
The information was disclosed in a regulatory filing to the London Stock Exchange.
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