Director/PDMR Shareholding

RNS Number : 1611S

RIT Capital Partners PLC

16 December 2016

 

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)	Name	Lord Jacob 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	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 15 March 2007 939p 1,823p 115,016 55,773
d)	Aggregated information	Not applicable - a single transaction
e)	Date of the transaction	16 December 2016
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 Hon. N C J Rothschild 1979 Settlement
2	Reason for the notification
a)	Position/status	PCA to the Chairman, Lord Jacob Rothschild, by virtue of it being a trust indirectly controlled him.
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	Sale of Shares
c)	Price(s) and volume(s)	Price Volume  1,826p  6,035
d)	Aggregated information	The sale of 6,035 Shares at a price of 1,826p
e)	Date of the transaction	15 December 2016
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities ("PDMR")/person closely associated ("PCA")
a)	Names	The Rothschild Foundation
2	Reason for the notification
a)	Position/status	PCA to the Chairman, Lord Jacob Rothschild, who is 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	Purchase of Shares
c)	Price(s) and volume(s)	Price Volume  1,826p  6,035
d)	Aggregated information	The purchase of 6,035 Shares at a price of 1,826p
e)	Date of the transaction	15 December 2016
f)	Place of the transaction	London Stock Exchange

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

10,185,018 ordinary shares of £1.00 each (6.56% of the entire issued share capital) held beneficially.

18,120,010 ordinary shares of £1.00 each (11.66% of the entire issued share capital) held non-beneficially.

 

END

 

 

DSHFFDFWMFMSEEE