Director/PDMR Shareholding

RNS Number : 3075J

RIT Capital Partners PLC

28 March 2018

 

RIT CAPITAL PARTNERS PLC ("Company")

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM 

The information set out below is provided by the Company in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities ("PDMR")/person closely associated ("PCA")
a)	Names	Lord Rothschild
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	RIT Capital Partners plc
b)	LEI	P31Q1NLTW35JJGHA4667
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £1.00 each in RIT Capital Partners plc ("Shares") ISIN number GB0007366395
b)	Nature of the transaction	Lord Rothschild, a director of the Company, has advised the Company of the following transaction: Exercise of Share Appreciation Rights ("SARs") in respect of notional Shares in accordance with the terms of the J. Rothschild Capital Management Share Appreciation Rights Plan and consequent receipt of Shares.
c)	Price(s) and volume(s)	Date of grant SAR award price SAR Exercise price Number of SARS exercised Number of Shares received 13/03/2009 796p 1,890p 201,792 116,804 02/07/2012 1,243p 1,890p 125,000 42,791 08/03/2013 1,246p 1,890p 100,000 34,074 07/03/2014 1,303p 1,890p 100,000 31,058 02/03/2015 1,522p 1,890p 78,843 15,352 Total Shares 240,079
d)	Aggregated information	n/a (single transaction)
e)	Date of the transaction	23 March 2018
f)	Place of the transaction	Outside a trading venue.

1	Details of the person discharging managerial responsibilities ("PDMR")/person closely associated ("PCA")
a)	Names	Lord Rothschild
2	Reason for the notification
a)	Position/status	Lord Rothschild, a director of the Company, is also the Patron and Chairman of the Board of Trustees of The Rothschild Foundation.
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	RIT Capital Partners plc
b)	LEI	P31Q1NLTW35JJGHA4667
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £1.00 each in RIT Capital Partners plc ("Shares")   ISIN number GB0007366395
b)	Nature of the transaction	Gift of Shares to the Trustees of The Rothschild Foundation by Lord Rothschild
c)	Price(s) and volume(s)	Price Volume 1,904p 298,030
d)	Aggregated information	n/a (single transaction)
e)	Date of the transaction	28 March 2018
f)	Place of the transaction	Outside a trading venue.

1	Details of the person discharging managerial responsibilities ("PDMR")/person closely associated ("PCA")
a)	Names	The Trustees of The Rothschild Foundation
2	Reason for the notification
a)	Position/status	PCA to: a)   Lord Rothschild a director of the Company, who is also the Patron and Chairman of the Board of Trustees of The Rothschild Foundation; and b)   Hannah Rothschild, a Director of the Company who is also a Trustee of The Rothschild Foundation.
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	RIT Capital Partners plc
b)	LEI	P31Q1NLTW35JJGHA4667
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument  Identification code	Ordinary shares of £1.00 each in RIT Capital Partners plc ("Shares") ISIN number GB0007366395
b)	Nature of the transaction	Gift of Shares to the Trustees of The Rothschild Foundation by Lord Rothschild
c)	Price(s) and volume(s)	Price Volume 1,904p 298,030
d)	Aggregated information	n/a (single transaction)
e)	Date of the transaction	28 March 2018
f)	Place of the transaction	Outside a trading venue.

Following these transactions, Lord Rothschild has advised the Company that his interests in the Company comprise the following:

9,904,096 ordinary shares of £1.00 each (6.38% of the entire issued share capital) held beneficially.

18,760,066 ordinary shares of £1.00 each (12.08% of the entire issued share capital) held non-beneficially.

Following these transactions, Hannah Rothschild has advised the Company that her beneficial and non-beneficial interests in the Company comprise the following:

14,263,695 ordinary shares of £1.00 each (9.18% of the entire issued share capital) held beneficially.

14,379,031 ordinary shares of £1.00 each (9.26% of the entire issued share capital) held non-beneficially.

The majority of the total interests set out above for Lord Rothschild and Hannah Rothschild are in respect of the same shares, in cases where they are held in family charitable foundations, companies or trusts.

 

END

 

 

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