Director/PDMR Shareholding

RNS Number : 8493O

RIT Capital Partners PLC

13 March 2009

 



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	796p	201,792
D W A Budge	796p	111,283
M Breuer-Weil	796p	84,786

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 shall be exercisable between 13 March 2012 and 12 March 2019, conditional upon the performance hurdle being achieved in the three years' vesting period ending on 13 March 2012. 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	152,672	786.0p	19 Jul 2008 - 18 Jul 2015
	121,827	985.0p	17 Mar 2009 - 16 Mar 2016
	127,795	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
D W A  Budge	262,467	381.0p	26 Mar 2006 - 25 Mar 2013
	101,781	786.0p	19 Jul 2008 - 18 Jul 2015
	81,218	985.0p	17 Mar 2009 - 16 Mar 2016
	95,846	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
M Breuer-Weil	28,129	1133.0p	19 Aug 2011 - 18 Aug 2018
	84,786	796.0p	13 Mar 2012 - 12 Mar 2019

 

END

 

 

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