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Director/PDMR Shareholding

20 Apr 2018 16:16

RNS Number : 6796L
Rio Tinto PLC
20 April 2018
 

Shareholdings of directors and persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)

 

20 April 2018

 

Rio Tinto plc notifies the London Stock Exchange (LSE) of PDMR/KMP interests in securities of Rio Tinto plc, in compliance with the EU Market Abuse Regulation. As part of its dual listed company structure, Rio Tinto voluntarily notifies the Australian Securities Exchange (ASX) of material dealings in Rio Tinto plc shares by PDMR/KMP and both the ASX and the LSE of material dealings by PDMR/KMP in Rio Tinto Limited securities.

 

Global Employee Share Plan (GESP)

 

Under the GESP employees are able to purchase, on a quarterly basis, Rio Tinto plc ordinary shares of 10p each ('shares'), Rio Tinto plc ADRs or Rio Tinto Limited ordinary shares ('shares'). Shares are purchased out of monthly deductions from salary and participants are allocated an equivalent number of shares or ADRs free of charge ('matching shares' and 'matching ADRs') conditional upon satisfying the terms of the GESP. The matching shares or matching ADRs are subject to a three year holding period, and vest after this period. At the time of vesting, participants can elect to receive their awards for nil consideration either as shares or as cash from the proceeds of a sale of shares.

 

On 17 April 2018, the following PDMR/KMPs elected to receive the vested matching shares under the GESP in the form of shares, of which sufficient were sold on 19 April 2018 to pay applicable withholding tax and other deductions.

 

Security

Name of PDMR/KMP

No: of Matching Shares Granted

No: of Shares Vested*

No: of Shares Sold

Price per Share Sold

 

No: of Shares Retained

Rio Tinto plc shares

Barrios, Alfredo

23.6135

26.8297

11.9038

39.624466 GBP

 14.9259

Rio Tinto Limited shares

Farrell, Joanne

25.4135

28.475

13.3833

81.10 AUD

15.0917

Rio Tinto plc shares

 

Jacques,

Jean-Sébastien

13.1644

14.9567

6.2819

39.624466 GBP

8.6748

Rio Tinto Limited shares

McIntosh, Stephen

25.4135

28.475

13.3833

81.10 AUD

15.0917

Rio Tinto Limited shares

Trott, Simon

25.4135

28.475

N/A

N/A

28.475

 

\* The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted, in accordance with the GESP plan rules.

 

FCA notifications in accordance with the EU Market Abuse Regulation have been issued to the London Stock Exchange contemporaneously with this release.

 

LEI: 213800YOEO5OQ72G2R82Classification: 2.2. Inside information disclosed under article 19 of the Market Abuse Regulation

 

Steve Allen

Group Company Secretary

 

Tim Paine

Joint Company Secretary

Rio Tinto plc

6 St James's Square

London SW1Y 4AD

United Kingdom

 

T +44 20 7781 2058Registered in England

No. 719885

 

 

Rio Tinto Limited

Level 7, 360 Collins Street

Melbourne 3000

Australia

 

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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