Director/PDMR Shareholding

RNS Number : 5361Y
RIT Capital Partners PLC
03 March 2017
 

 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

Lord Jacob Rothschild, a director of the Company has advised the Company of the following transaction relating to the Shares:

 

1.    Deferred Share award 

On 1 March 2017 Lord Jacob Rothschild was granted a conditional award under the Company's deferred bonus arrangements over 52,882 Shares.  The award was made at 1,891 pence per Share, and will vest in three equal tranches on 1 March 2018, 1 March 2019, and 1 March 2020, subject to continued service.  No payment was required for the grant of the award and no payment is due in connection with the vesting of the award.   

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1,891 pence per Share

52,882

d)

Aggregated information

 

Not applicable - a single transaction

e)

Date of the transaction

2017-03-01

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 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

Lord Jacob Rothschild, a director of the Company, has advised the Company of the following transactions relating to the Shares:

 

Deferred Share release 

Release on 2 March 2017 of 25,773 Shares to Lord Jacob Rothschild for nil consideration pursuant to the vesting of the first tranche of a conditional award granted under the Company's deferred bonus arrangements on 2 March 2016.

c)

Price(s) and volume(s)

 

Price

Volume

1,908 pence per Share

25,773

d)

Aggregated information

 

n/a (single transaction)

e)

Date of the transaction

2017-03-02

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 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

Lord Jacob Rothschild, a director of the Company, has advised the Company of the following transactions relating to the Shares:

 

Deferred share release 

Release on 2 March 2017 of 13,696 Shares to Lord Jacob Rothschild acquired for nil consideration pursuant to the vesting of the second tranche of a conditional award granted under the Company's deferred bonus arrangements on 2 March 2015.

c)


Price(s) and volume(s)

Price

Volume

1,908 pence per Share

13,696

d)


Aggregated information

 

n/a (single transaction)

 

e)


Date of the transaction

2017-03-02

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 Jacob Rothschild

2

Reason for the notification

a)

Position/status

Lord Jacob 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 Jacob Rothschild

c)

Price(s) and volume(s)

Price

Volume

 1,908 pence per Share

 342,026

d)

Aggregated information

 

n/a (single transaction)

e)

Date of the transaction

2017-03-02

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 the Rothschild Foundation

2

Reason for the notification

a)

Position/status

PCA to:

a)   Lord Jacob 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 Jacob Rothschild

c)

Price(s) and volume(s)

Price

Volume

 1,908 pence per Share

 342,026

d)

Aggregated information

 

n/a (single transaction)

 

e)

Date of the transaction

2017-03-02

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:

9,882,461 ordinary shares of £1.00 each (6.36% of the entire issued share capital) held beneficially.

18,462,036 ordinary shares of £1.00 each (11.88% of the entire issued share capital) held non-beneficially.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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