RIT Capital Partners PLC

Director's Dealing • Mar 22, 2019

National Storage Mechanism | Additional information

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RNS Number : 7809T

RIT Capital Partners PLC

22 March 2019

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 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:

Deferred Shares award 

On 19 March 2019 Lord Rothschild was granted a conditional award over 36,320 Shares under the J. Rothschild Capital Management Limited deferred bonus arrangements.  The award was made at 2,065 pence per Share, and will vest in three equal tranches on 19 March 2020, 19 March 2021, and 19 March 2022, 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)
2,065 pence per Share	36,320

d)

Aggregated information

n/a (single transaction)

e)

Date of the transaction

19 March 2019

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

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:

Deferred Shares release 

Release on 19 March 2019 of 26,593 Shares to Lord Rothschild for nil consideration pursuant to the vesting of the third tranche of a conditional award granted under the J. Rothschild Capital Management Limited deferred bonus arrangements on 2 March 2016.

c)

Price(s) and volume(s)

Price	Volume
2,065 pence per Share	26,593

d)

Aggregated information

n/a (single transaction)

e)

Date of the transaction

19 March 2019

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

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:

Deferred Shares release 

Release on 19 March 2019 of 18,222 Shares to Lord Rothschild acquired for nil consideration pursuant to the vesting of the second tranche of a conditional award granted under the J. Rothschild Capital Management Limited deferred bonus arrangements on 1 March 2017.

c)

Price(s) and volume(s)

Price	Volume
2,065 pence per Share	18,222

d)

Aggregated information

n/a (single transaction)

e)

Date of the transaction

19 March 2019

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

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

Deferred Shares release 

Release on 19 March 2019 of 7,233 Shares to Lord Rothschild acquired for nil consideration pursuant to the vesting of the first tranche of a conditional award granted under the J. Rothschild Capital Management Limited deferred bonus arrangements on 28 February 2018.

c)

Price(s) and volume(s)

Price	Volume
2,065 pence per Share	7,233

d)

Aggregated information

n/a (single transaction)

e)

Date of the transaction

19 March 2019

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

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

Gift of Shares to The Trustees of the Rothschild Foundation by Lord Rothschild

c)

Price(s) and volume(s)

Price	Volume
nil	402,173

d)

Aggregated information

n/a (single transaction)

e)

Date of the transaction

22 March 2019

f)

Place of the transaction

Outside a trading venue.

1

Details of the person discharging managerial responsibilities ("PDMR")/person closely associated ("PCA")

a)

Name

The Trustees of The Rothschild Foundation

2

Reason for the notification

a)

Position/status

PCA to:

a)   Lord Rothschild, Chairman 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

Receipt of shares as a gift from Lord Rothschild

c)

Price(s) and volume(s)

Price	Volume
nil	402,173

d)

Aggregated information

n/a (single transaction)

e)

Date of the transaction

22 March 2019

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 1979 Settlement

2

Reason for the notification

a)

Position/status

PCA to the Chairman, Lord Rothschild, by virtue of The 1979 Settlement being a trust indirectly controlled by 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
2,120 pence per Share	94,366

d)

Aggregated information

n/a (single transaction)

e)

Date of the transaction

22 March 2019

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities ("PDMR")/person closely associated ("PCA")

a)

Names

First Arrow Managed Fund B Shares

2

Reason for the notification

a)

Position/status

PCA to the Chairman, Lord Rothschild, who is one of the beneficiaries of the relevant tranche of the First Arrow Managed Fund B Shares

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
2,120 pence per Share	42,362

d)

Aggregated information

n/a - a single transaction

e)

Date of the transaction

22 March 2019

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities ("PDMR")/person closely associated ("PCA")

a)

Names

First Arrow Managed Fund B Shares

2

Reason for the notification

a)

Position/status

PCA to Hannah Rothschild, a Director of the Company, who is one of the beneficiaries of the relevant tranche of First Arrow Managed Fund B Shares

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
2,120 pence per Share	74,145

d)

Aggregated information

Not applicable - a single transaction

e)

Date of the transaction

22 March 2019

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:

9,596,331 ordinary shares of £1.00 each (6.18% of the entire issued share capital) held beneficially.

19,067,873 ordinary shares of £1.00 each (12.27% 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:

14,359,140 ordinary shares of £1.00 each (9.24% of the entire issued share capital) held beneficially.

14,781,204 ordinary shares of £1.00 each (9.51% 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.

The total Rothschild family interest (including shares in which Lord Rothschild and Hannah Rothschild do not have a direct or indirect interest) is 21.38%.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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