Grants of Share Appreciation Rights ('SARs') over
£1 ordinary shares of RIT Capital Partners plc
('RIT') 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 RIT ord. shares
Lord Rothschild
1,243p
125,000
M Breuer-Weil
1,243p
104,586
SAR grants entitle the holder to the payment of a bonus
in the form of shares between the third and tenth
anniversaries of the relevant date of grant, calculated
by reference to a notional number of RIT £1 ordinary
shares. The bonus will amount to the increase since
the date of grant in the RIT share price multiplied by
the notional number of shares.
In both of the cases above, the SARs awarded will be
exercisable between 2 July 2015 and 1 July 2022,
conditional upon the performance hurdle being achieved in
the three year vesting period ending on 2 July
2015. The hurdle is calculated by reference to the
RIT share price plus dividends paid, which must exceed
RPI plus three percentage points per annum.
Following the grants made today, the outstanding SARs
held by the directors are as follows:
Director
Notional no. of RIT ord. shares
SAR exercisable price
Dates exercisable
Lord Rothschild
115,016
939.0p
15 Mar 2010 - 14 Mar 2017
201,792
796.0p
13 Mar 2012 - 12 Mar 2019
150,400
1,068.0p
26 Mar 2013 - 25 Mar 2020
100,000
1,314.0p
31 Mar 2014 - 30 Mar 2021
125,000
1,243.0p
2 July 2015 - 1 July 2022
M Breuer-Weil
63,193
1,068.0p
26 Mar 2013 - 25 Mar 2020
150,000
1,314.0p
31 Mar 2014 - 30 Mar 2021
104,586
1,243.0p
2 July 2015 - 1 July 2022
Lord Rothschild's interests in the ordinary shares of
RIT remain 12,100,181 shares (beneficial interest) and
16,095,909 shares (non-beneficial interest).
Mr Breuer-Weil's interest in the ordinary shares of
RIT remains 25,146 shares (beneficial interest).
This information is provided by RNS
The company news service from the London Stock Exchange
RNS news service provided by Hemscott Group Limited.
RIT Capital Partners plc is United Kingdom-based investment trust. The Company's objective is to deliver long-term capital growth, while preserving shareholders capital to invest without the constraints of a formal benchmark, but to deliver for shareholders increases in capital value in excess of the relevant indices over time. Its investment policy is to invest in a diversified, international portfolio across a range of asset classes, both quoted and unquoted. The Company invests in a number of asset categories, including quoted equity, private investments, absolute return and credit, real assets, government bonds and rates, and currency. The investment manager of the Company is J. Rothschild Capital Management Limited.
RIT CAPITAL PARTNERS PLC 
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