RIT Capital Partners PLC

Director's Dealing • Mar 5, 2018

National Storage Mechanism | Additional information

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RNS Number : 7454G

RIT Capital Partners PLC

05 March 2018

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 28 February 2018 Lord Rothschild was granted a conditional award over 21,346 Shares under the J. Rothschild Capital Management Limited deferred bonus arrangements.  The award was made at 1,958 pence per Share, and will vest in three equal tranches on 28 February 2019, 28 February 2020, and 28 February 2021, 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)
1,958 pence per Share	21,346

d)

Aggregated information

n/a (single transaction)

e)

Date of the transaction

28 February 2018

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 1 March 2018 of 17,926 Shares to Lord Rothschild 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 1 March 2017.

c)

Price(s) and volume(s)

Price	Volume
1,930 pence per Share	17,926

d)

Aggregated information

n/a (single transaction)

e)

Date of the transaction

1 March 2018

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 2 March 2018 of 26,160 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 2 March 2016.

c)

Price(s) and volume(s)

Price	Volume
1,908 pence per Share	26,160

d)

Aggregated information

n/a (single transaction)

e)

Date of the transaction

2 March 2018

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 2 March 2018 of 13,865 Shares to Lord Rothschild acquired 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 2015.

c)

Price(s) and volume(s)

Price	Volume
1,908 pence per Share	13,865

d)

Aggregated information

n/a (single transaction)

e)

Date of the transaction

2 March 2018

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:

9,962,047 ordinary shares of £1.00 each (6.41% 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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