Last checked at 
22 Mar 2019 16:01
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
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2 | Reason for the notification | |||||
a) | Position/status |
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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) |
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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 |
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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 |
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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) |
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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 |
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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 |
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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) |
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d) | Aggregated information
| n/a (single transaction)
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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 |
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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 |
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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) |
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d) | Aggregated information
| n/a (single transaction)
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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 |
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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 |
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) |
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d) | Aggregated information
| n/a (single transaction)
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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.
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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 |
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b) | Nature of the transaction | Receipt of shares as a gift from Lord Rothschild | ||||
c) | Price(s) and volume(s) |
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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 |
ISIN number GB0007366395 | ||||
b) | Nature of the transaction | Sale of Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
| n/a (single transaction)
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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 |
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b) | Nature of the transaction | Purchase of Shares | ||||
c) | Price(s) and volume(s) |
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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 |
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b) | Nature of the transaction | Purchase of Shares | ||||
c) | Price(s) and volume(s) |
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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%.