Director/PDMR Shareholding

RNS Number : 2985J

RIT Capital Partners PLC

26 March 2010

 



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	1068p	150,400
D W A Budge	1068p	82,941
M Breuer-Weil	1068p	63,193

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 26 March 2013 and 25 March 2020, conditional upon the performance hurdle being achieved in the three years' vesting period ending on 26 March 2013.  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	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
	150,400	1068.0p	26 Mar 2013 - 25 Mar 2020
D W A  Budge	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
	82,941	1068.0p	26 Mar 2013 - 25 Mar 2020
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

 

END

 

 

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