Director/PDMR Shareholding

RNS Number : 0570E

RIT Capital Partners PLC

31 March 2011

 



Directors' Interests

Grants of Share Appreciation Rights ('SARs') over £1 ordinary shares of RIT Capital Partners plc ('RITCP') have today been made to the following directors, under the terms of the J. Rothschild Capital Management Share Appreciation Rights Plan, as follows:

Director	SAR exercise price	Notional no. of RITCP ord. shares
Lord Rothschild	1,314p	100,000
D W A Budge	1,314p	25,000
M Breuer-Weil	1,314p	150,000

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.

In each of the cases above, the SARs awarded will be exercisable between 31 March 2014 and 30 March 2021, conditional upon the performance hurdle being achieved in the three year vesting period ending on 31 March 2014.  The hurdle is calculated by reference to the RITCP share price plus dividends paid, which must exceed RPI plus 3% per annum.

Following the grants made today, the outstanding SARs held by the directors are as follows:

Director	Notional no. of RITCP ord. shares	SAR exercisable price	Dates exercisable
Lord Rothschild	115,016	939.0p	15 Mar 2010 - 14 Mar 2017
	137,654	1122.0p	27 Mar 2011 - 26 Mar 2018
	201,792	796.0p	13 Mar 2012 - 12 Mar 2019
	150,400	1068.0p	26 Mar 2013 - 25 Mar 2020
	100,000	1,314.0p	31 Mar 2014 - 30 Mar 2021
D W A  Budge	86,261	939.0p	15 Mar 2010 - 14 Mar 2017
	75,912	1122.0p	27 Mar 2011 - 26 Mar 2018
	111,283	796.0p	13 Mar 2012 - 12 Mar 2019
	82,941	1068.0p	26 Mar 2013 - 25 Mar 2020
	25,000	1,314.0p	31 Mar 2014 - 30 Mar 2021
M Breuer-Weil	28,129	1133.0p	19 Aug 2011 - 18 Aug 2018
	84,786	796.0p	13 Mar 2012 - 12 Mar 2019
	63,193	1068.0p	26 Mar 2013 - 25 Mar 2020
	150,000	1,314.0p	31 Mar 2014 - 30 Mar 2021

 

END

 

 

RDSSDMFIFFFSEFD