Director/PDMR Shareholding

RNS Number : 6374B

RIT Capital Partners PLC

19 August 2008

 



Interests of Senior Management

A grant of Share Appreciation Rights ('SARs') over £1 ordinary shares of RIT Capital Partners plc ('RITCP') was made on 19 August 2008 to the following member of RITCP's senior management, under the terms of the J. Rothschild Capital Management Share Appreciation Rights Plan, as follows:

Manager	SAR exercise price	Notional no. of RITCP ord. shares
M. Breuer-Weil	1133p	28,129

SAR grants entitle the holder to the payment of a bonus between the third and tenth anniversaries of the relevant date of grant, calculated by reference to a notional number of RITCP £1 ordinary shares. The bonus will amount to the increase since the date of grant in the RITCP share price multiplied by the notional number of shares.

The SAR awarded shall be exercisable between 19 August 2011 and 18 August 2018, conditional upon the performance hurdle being achieved in the three years' vesting period ending on 19 August 2011. The hurdle is calculated by reference to the RITCP share price plus dividends paid, which must exceed RPI plus 3% per annum.

Mr Breuer-Weil is separately interested in 100,000 £1 Ordinary shares of the Company, as announced on 18 July 2008.

 

END

 

 

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