Director/PDMR Shareholding

RNS Number : 7296G

RIT Capital Partners PLC

02 July 2012

 



Directors' Interests

Grants of Share Appreciation Rights ('SARs') over £1 ordinary shares of RIT Capital Partners plc ('RIT') 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 RIT ord. shares
Lord Rothschild	1,243p	125,000
M Breuer-Weil	1,243p	104,586

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

In both of the cases above, the SARs awarded will be exercisable between 2 July 2015 and 1 July 2022, conditional upon the performance hurdle being achieved in the three year vesting period ending on 2 July 2015.  The hurdle is calculated by reference to the RIT share price plus dividends paid, which must exceed RPI plus three percentage points per annum.

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

Director	Notional no. of RIT ord. shares	SAR exercisable price	Dates exercisable
Lord Rothschild	115,016	939.0p	15 Mar 2010 - 14 Mar 2017
	201,792	796.0p	13 Mar 2012 - 12 Mar 2019
	150,400	1,068.0p	26 Mar 2013 - 25 Mar 2020
	100,000	1,314.0p	31 Mar 2014 - 30 Mar 2021
	125,000	1,243.0p	2 July 2015 -  1 July 2022
M Breuer-Weil	63,193	1,068.0p	26 Mar 2013 - 25 Mar 2020
	150,000	1,314.0p	31 Mar 2014 - 30 Mar 2021
	104,586	1,243.0p	2 July 2015 -  1 July 2022

Lord Rothschild's interests in the ordinary shares of RIT remain 12,100,181 shares (beneficial interest) and 16,095,909 shares (non-beneficial interest). 

Mr Breuer-Weil's interest in the ordinary shares of RIT remains 25,146 shares (beneficial interest).

 

END

 

 

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