19 Jul 2005 16:39
RIT Capital Partners PLC19 July 2005 Directors' Interests Grants of Share Appreciation Rights ('SARs') over £1 ordinary shares of RITCapital Partners plc ('RITCP') have today been made to the following directors,under the terms of the J. Rothschild Capital Management Share AppreciationRights Plan, as follows: Director SAR exercise price Notional no. of RITCP ord. shares------------ ---------------- ------------------------ Lord Rothschild 786p 152,672Duncan Budge 786p 101,781 SAR grants entitle the holder to the payment of a bonus between the third andtenth anniversaries of the relevant date of grant, calculated by reference to anotional number of RITCP £1 ordinary shares. The bonus will amount to theincrease since the date of grant in the RITCP share price multiplied by thenotional number of shares. In both cases above, the SARs awarded shall be exercisable between 19 July 2008and 18 July 2015, conditional upon the performance hurdle being achieved in thethree years' vesting period ending on 19 July 2008. The hurdle is calculated byreference to the RITCP share price plus dividends paid, which must exceed RPIplus 3% per annum. Following the grants made today, the outstanding SARs held by the directors areas follows: Notional no. of SAR exercisable DatesDirector RITCP ord. shares price exercisable----------------- ----------------- --------------- --------------------- Lord Rothschild 587,371 340.5p 30 Mar 02 - 29 Mar 09 228,833 437.0p 22 Mar 03 - 21 Mar 10 262,467 381.0p 26 Mar 06 - 25 Mar 13 152,672 786.0p 19 Jul 08 - 18 Jul 15 Duncan Budge 287,371 340.5p 30 Mar 02 - 29 Mar 09 228,833 437.0p 22 Mar 03 - 21 Mar 10 262,467 381.0p 26 Mar 06 - 25 Mar 13 101,781 786.0p 19 Jul 08 - 18 Jul 15 This information is provided by RNS The company news service from the London Stock Exchange