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REG - Rio Tinto - Results of Rio Tinto annual general meetings

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RNS Number : 0257H  Rio Tinto PLC  01 May 2025

 

Notice to ASX/LSE

 

Results of Rio Tinto annual general meetings

1 May 2025

 

The annual general meetings of Rio Tinto plc and Rio Tinto Limited were held
on 3 April 2025 in London and 1 May 2025 in Perth respectively.

 

Under Rio Tinto's dual-listed companies (DLC) structure, decisions on
significant matters affecting shareholders of Rio Tinto plc and Rio Tinto
Limited in similar ways are proposed as Joint Decision Matters, and the poll
is voted on by shareholders of both companies as a joint electorate.
Resolutions 1 to 19 contained in the notices of meeting of each Rio Tinto plc
and Rio Tinto Limited fall into this category.

 

In addition, certain holders of Rio Tinto plc shares requisitioned a
resolution as a special resolution which the Board put forward as a Joint
Decision Matter as Resolution 24 at the Rio Tinto plc annual general meeting
and Resolution 21 at the Rio Tinto Limited annual general meeting. In summary,
this resolution (the Requisitioned Resolution) proposed that Rio Tinto
undertake an independent review on whether the dual-listed companies ("DLC")
structure should be unified.

The results of these resolutions proposed as Joint Decision Matters are set
out in table 1 below.

In addition to these Joint Decision matters:

·      Resolutions 20 to 23 in the Rio Tinto plc notice of meeting were
put to Rio Tinto plc shareholders only.  The results of these resolutions are
set out in table 2 below.

·      Resolution 20 in the Rio Tinto Limited notice of meeting was put
to Rio Tinto Limited shareholders only. The result of this resolution is set
out in table 3 below.

All resolutions were carried, except for the Requisitioned Resolution, in
respect of which a significant majority of shares were voted against the
resolution, in line with the Board's recommendation. Further context on the
Requisitioned Resolution is set out below.

The Board has periodically reviewed the DLC structure many times since it was
established, and completed a further comprehensive review in 2024 with advice
from leading external experts.

The DLC structure delivers benefits in terms of capital markets access,
shareholder returns and efficient franking credits utilisation. Any
unification of the DLC structure under Rio Tinto Limited would give rise to
material issues, including expected tax costs in the mid-single digit billions
of US dollars, significant wastage of franking credits likely resulting in Rio
Tinto being unable to pay fully franked dividends in the longer term, and a
share price for a unified Rio Tinto that would likely trend towards the
weighted average of the Rio Tinto plc and Rio Tinto Limited share prices.

Rio Tinto consulted widely with shareholders of both Rio Tinto plc and Rio
Tinto Limited on the Requisitioned Resolution prior to the annual general
meetings and received significant support for the Board's conclusion that
unification of the DLC structure is not in the interests of shareholders and
Rio Tinto as a whole.

Rio Tinto also received feedback that shareholders want the Board to remain
focused on the execution of the Group's strategy and delivery of long-term,
sustainable value for shareholders, and that a further review of Rio Tinto's
corporate structure so soon after conclusion of the Board's previous
comprehensive review would be duplicative. Shareholders also expressed
concerns with aspects of the review required by the Requisitioned Resolution,
which would be a clear deviation from long established corporate governance
principles.

Consistent with this feedback, a significant majority of Rio Tinto shares,
representing 80.65% of votes cast, were voted against the Requisitioned
Resolution, in line with the Board's recommendation.

Rio Tinto recognises that shareholders representing 19.35% of votes cast chose
to support the Requisitioned Resolution.

Rio Tinto will continue to engage with our shareholders and will carefully
consider the feedback provided.

Table 1

The following Joint Decision Matter resolutions were put to the Rio Tinto plc
and Rio Tinto Limited shareholders by polls at the respective annual general
meetings. All resolutions save for the Requisitioned Resolution (listed as
Resolution 21/24) were duly carried. The results of the polls were as
follows:

 
 

 Resolution                                                                       Total Votes Cast  For                   Against             Withheld/ Abstained ¹
                                                                                                    Number         %      Number       %
 1.        Receipt of the 2024 Annual Report                                      1,115,893,747     1,113,867,379  99.82  2,026,368    0.18   10,081,351
 2.        Approval of the Directors' Remuneration Report: Implementation Report  1,099,347,399     1,074,116,989  97.70  25,230,410   2.30   26,622,923
 3.        Approval of the Directors' Remuneration Report                         1,099,713,996     1,071,056,748  97.39  28,657,248   2.61   26,246,816
 4.        To elect Sharon Thorne as a Director                                   1,122,530,759     1,115,790,068  99.40  6,740,691    0.60   3,442,000
 5.        To re-elect Dominic Barton BBM as a Director                           1,121,184,547     1,075,101,867  95.89  46,082,680   4.11   4,790,942
 6.        To re-elect Peter Cunningham as a Director                             1,119,200,039     1,106,579,234  98.87  12,620,805   1.13   6,775,592
 7.        To re-elect Dean Dalla Valle as a Director                             1,121,205,084     1,070,534,038  95.48  50,671,046   4.52   4,770,697
 8.        To re-elect Simon Henry as a Director                                  1,122,663,812     1,098,042,067  97.81  24,621,745   2.19   3,338,957
 9.        To re-elect Susan Lloyd-Hurwitz as a Director                          1,122,709,122     1,110,944,549  98.95  11,764,573   1.05   3,293,661
 10.       To re-elect Martina Merz as a Director                                 1,122,400,241     1,110,941,738  98.98  11,458,503   1.02   3,602,542
 11.       To re-elect Jennifer Nason as a Director                               1,122,680,124     1,107,122,486  98.61  15,557,638   1.39   3,321,174
 12.       To re-elect Joc O'Rourke as a Director                                 1,122,660,828     1,111,450,890  99.00  11,209,938   1.00   3,341,437
 13.       To re-elect Jakob Stausholm as a Director                              1,122,773,830     1,106,906,054  98.59  15,867,776   1.41   3,228,953
 14.       To re-elect Ngaire Woods CBE as a Director                             1,122,528,749     1,097,200,003  97.74  25,328,746   2.26   3,474,035
 15.       To re-elect Ben Wyatt as a Director                                    1,118,933,309     1,098,349,394  98.16  20,583,915   1.84   7,069,223
 16.       Re-appointment of auditors                                             1,121,487,633     1,114,057,282  99.34  7,430,351    0.66   4,513,371
 17.       Remuneration of auditors                                               1,122,813,436     1,120,896,143  99.83  1,917,293    0.17   3,187,550
 18.       Authority to make political donations                                  1,116,257,914     1,103,324,510  98.84  12,933,404   1.16   9,726,612
 19.       2025 Climate Action Plan                                               1,023,895,914     955,082,547    93.28  68,813,367   6.72   102,102,363
 21/24(2)  Shareholder requisitioned resolution                                   1,115,660,973     215,922,209    19.35  899,738,764  80.65  10,339,170

 ¹  In calculating the results of the respective polls under the joint
 electoral procedure, "withheld" votes at Rio Tinto plc's meeting are
 aggregated with "abstained" votes at Rio Tinto Limited's meeting.  For all
 relevant purposes "withheld" votes and "abstained" votes have the same
 meaning. They are not included in the calculation of the proportion of votes
 for and against each resolution.

 (2)  Resolution 21 in the Rio Tinto Limited notice of meeting is the
 corresponding resolution of Resolution 24 in the Rio Tinto plc notice of
 meeting.

 

Table 2

 

The following resolutions were put to Rio Tinto plc shareholders only and
carried at the Rio Tinto plc meeting held on 3 April 2025. Resolution 20 was
carried as an ordinary resolution and Resolutions 21 to 23 as special
resolutions. In accordance with the UK Listing Authority's Listing Rule 9.6.2,
copies of all the resolutions passed by Rio Tinto plc shareholders, other than
ordinary business, have been submitted to the National Storage Mechanism and
are available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .  The results of
the polls were as follows:

 

 Resolution                                                                     Total Votes Cast  For                 Against             Withheld/ Abstained
                                                                                                  Number       %      Number       %
 20.     General authority to allot shares                                      899,962,813       874,962,881  97.22  24,999,932   2.78   2,046,157
 21.     Disapplication of pre-emption rights                                   898,993,354       894,753,496  99.53  4,239,858    0.47   3,014,919
 22.     Authority to purchase Rio Tinto plc shares                             900,115,072       711,804,446  79.08  188,310,626  20.92  1,894,892
 23.     Notice period for general meetings other than annual general meetings  900,114,767       867,091,016  96.33  33,023,751   3.67   1,895,195

 

Resolution 22 'Authority to purchase Rio Tinto plc shares' was passed with
less than 80% of votes in favour. As previously announced, Shining Prospect (a
subsidiary of the Aluminium Corporation of China "Chinalco") voted against
Resolution 22. Chinalco has not sold any of its shares in Rio Tinto plc and
now has a holding of over 14% given its non-participation in the Company's
significant share buyback programmes. This places Chinalco close to the 14.99%
holding threshold agreed with the Australian Government at the time of its
original investment in Rio Tinto.

 

Table 3

Resolution 20 below was put to Rio Tinto Limited shareholders only. Resolution
20 was carried as an ordinary resolution. The results of the poll were as
follows:

 

 Resolution                                             Total Votes Cast  For                 Against          Withheld /

                                                                                                               Abstained
                                                                          Number       %      Number     %
 20.     Renewal of on-market share buy-back authority  222,947,287       220,263,631  98.80  2,683,656  1.20  1,044,956

 

The results of the Rio Tinto plc polls were certified by the scrutineer,
Computershare Investor Services PLC, and the results of the Rio Tinto Limited
polls were as reported by the duly appointed returning officer, a
representative of Computershare Investor Services Pty Limited. Information on
the final proxy positions for each meeting is detailed in Appendix 1, and the
votes cast on each resolution as a percentage of the issued capital of each
company is set out on our website at riotinto.com/agm
(https://www.riotinto.com/agm) .

 

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

 

 Media Relations,        Media Relations,               Media Relations,
 United Kingdom          Australia                      Canada

 
 
 

 Matthew Klar            Matt Chambers                  Simon Letendre

 M +44 7796 630 637      M +61 433 525 739              M +1 514 796 4973

 David Outhwaite         Michelle Lee                   Malika Cherry

 M +44 7787 597 493      M +61 458 609 322              M +1 418 592 7293

                         Rachel Pupazzoni               Vanessa Damha

                         M +61 438 875 469              M +1 514 715 2152

Media Relations,
                                                        US

Jesse Riseborough

                                                        M +1 202 394 9480

 

 
 Investor Relations,     Investor Relations,
 United Kingdom          Australia

 
 

 Rachel Arellano         Tom Gallop
 M +44 7584 609 644

                       M +61 439 353 948

 David Ovington

                       Amar Jambaa
 M +44 7920 010 978

                       M +61 472 865 948

 Laura Brooks

 M +44 7826 942 797

 Weiwei Hu

 M +44 7825 907 230

 Rio Tinto plc           Rio Tinto Limited

 
 

 6 St James's Square     Level 43, 120 Collins Street

 London SW1Y 4AD         Melbourne 3000

 United Kingdom          Australia

 T +44 20 7781 2000      T +61 3 9283 3333

 Registered in England   Registered in Australia

 No. 719885              ABN 96 004 458 404

This announcement is authorised for release to the market by Andy Hodges, Rio
Tinto's Group Company Secretary.

 

riotinto.com

Appendix 1

 

FINAL PROXY POSITION

 

Shareholders are encouraged to look at the voting figures provided in the main
part of this announcement, as proxy figures may not be an accurate indication
of the voting at the annual general meetings; a proxy is an authority or
direction to the proxy holder to vote and not a vote itself. As such, the
proxy figures do not reflect the votes cast by shareholders who attend the
meeting in person, or through an attorney or corporate representative.

 

References in this appendix in respect of resolutions 1-19 and 24 to an
appointment specifying that a proxy abstain on a resolution should, when
referring to voting at Rio Tinto plc's annual general meeting, be taken as
references to the appointment specifying that the proxy withhold from voting
on a resolution.

 

The proxy positions for each company (excluding the proxy votes carried from
one meeting to the other meeting by the Special Voting Shares in accordance
with the DLC structure) for the resolutions put to both Rio Tinto plc and Rio
Tinto Limited shareholders under the joint electoral procedure were as
follows:

 

 

 PROXY POSITION FOR RIO TINTO PLC AND RIO TINTO LIMITED ON JOINT DECISIONS   Rio Tinto plc  Rio Tinto Limited
 1. Receipt of the 2024 Annual Report
 Total number of proxy votes exercisable by all proxies validly appointed:   884,657,385    220,974,390
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      882,978,106    215,453,828
 (ii)    was to vote against the resolution                                  1,450,211      576,132
 (iii)   was to abstain on the resolution                                    7,134,169      2,944,487
 (iv)   may vote at the proxy's discretion                                   229,068        4,944,430
 2. Approval of the Directors' Remuneration Report: Implementation Report
 Total number of proxy votes exercisable by all proxies validly appointed:   867,580,785    221,576,023
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      848,584,639    210,708,353
 (ii)    was to vote against the resolution                                  18,785,950     5,943,119
 (iii)   was to abstain on the resolution                                    24,211,453     2,339,779
 (iv)   may vote at the proxy's discretion                                   210,196        4,924,551
 3. Approval of the Directors' Remuneration Report
 Total number of proxy votes exercisable by all proxies validly appointed:   867,612,084    221,911,821
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      845,496,024    210,682,802
 (ii)    was to vote against the resolution                                  21,893,390     6,265,043
 (iii)   was to abstain on the resolution                                    24,180,154     1,994,471
 (iv)   may vote at the proxy's discretion                                   222,670        4,963,976
 4. To elect Sharon Thorne as a Director
 Total number of proxy votes exercisable by all proxies validly appointed:   889,728,511    222,539,925
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      884,005,938    216,468,557
 (ii)    was to vote against the resolution                                  5,502,473      1,063,180
 (iii)   was to abstain on the resolution                                    2,062,855      1,376,827
 (iv)   may vote at the proxy's discretion                                   220,100        5,008,188
 5. To re-elect Dominic Barton BBM as a Director
 Total number of proxy votes exercisable by all proxies validly appointed:   888,374,335    222,547,887
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      845,705,829    214,106,054
 (ii)    was to vote against the resolution                                  42,448,648     3,413,920
 (iii)   was to abstain on the resolution                                    3,417,608      1,370,992
 (iv)   may vote at the proxy's discretion                                   219,858        5,027,913
 6. To re-elect Peter Cunningham as a Director
 Total number of proxy votes exercisable by all proxies validly appointed:   887,146,292    221,796,905
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      876,946,761    214,306,081
 (ii)    was to vote against the resolution                                  9,980,242      2,450,946
 (iii)   was to abstain on the resolution                                    4,645,795      2,121,972
 (iv)   may vote at the proxy's discretion                                   219,289        5,039,878
 7. To re-elect Dean Dalla Valle as a Director
 Total number of proxy votes exercisable by all proxies validly appointed:   888,402,548    222,545,694
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      844,989,766    210,115,234
 (ii)    was to vote against the resolution                                  43,183,224     7,300,599
 (iii)   was to abstain on the resolution                                    3,389,689      1,373,183
 (iv)   may vote at the proxy's discretion                                   229,558        5,129,861
 8. To re-elect Simon Henry as a Director
 Total number of proxy votes exercisable by all proxies validly appointed:   889,764,797    222,642,473
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      868,248,028    214,990,455
 (ii)    was to vote against the resolution                                  21,297,802     2,630,939
 (iii)   was to abstain on the resolution                                    2,054,427      1,276,405
 (iv)   may vote at the proxy's discretion                                   218,967        5,021,079
 9. To re-elect Susan Lloyd-Hurwitz as a Director
 Total number of proxy votes exercisable by all proxies validly appointed:   889,803,909    222,648,371
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      879,443,168    216,172,495
 (ii)    was to vote against the resolution                                  10,136,333     1,454,145
 (iii)   was to abstain on the resolution                                    2,015,330      1,270,506
 (iv)   may vote at the proxy's discretion                                   224,408        5,021,731
 10. To re-elect Martina Merz as a Director
 Total number of proxy votes exercisable by all proxies validly appointed:   889,791,815    222,351,584
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      879,880,095    215,705,750
 (ii)    was to vote against the resolution                                  9,692,842      1,591,563
 (iii)   was to abstain on the resolution                                    2,027,424      1,567,293
 (iv)   may vote at the proxy's discretion                                   218,878        5,054,271
 11. To re-elect Jennifer Nason as a Director
 Total number of proxy votes exercisable by all proxies validly appointed:   889,801,791    222,622,318
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      877,000,641    215,261,582
 (ii)    was to vote against the resolution                                  12,584,256     2,287,130
 (iii)   was to abstain on the resolution                                    2,015,962      1,296,560
 (iv)   may vote at the proxy's discretion                                   216,894        5,073,606
 12. To re-elect Joc O'Rourke as a Director
 Total number of proxy votes exercisable by all proxies validly appointed:   889,793,498    222,610,488
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      879,885,038    216,165,658
 (ii)    was to vote against the resolution                                  9,677,868      1,360,559
 (iii)   was to abstain on the resolution                                    2,025,742      1,307,870
 (iv)   may vote at the proxy's discretion                                   230,592        5,084,271
 13. To re-elect Jakob Stausholm as a Director
 Total number of proxy votes exercisable by all proxies validly appointed:   889,806,413    222,710,875
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      877,280,341    214,254,082
 (ii)    was to vote against the resolution                                  12,307,420     3,387,117
 (iii)   was to abstain on the resolution                                    2,012,826      1,208,002
 (iv)   may vote at the proxy's discretion                                   218,652        5,069,676
 14. To re-elect Ngaire Woods CBE as a Director
 Total number of proxy votes exercisable by all proxies validly appointed:   889,641,874    222,630,033
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      867,795,572    214,569,280
 (ii)    was to vote against the resolution                                  21,626,455     3,009,209
 (iii)   was to abstain on the resolution                                    2,177,365      1,288,845
 (iv)   may vote at the proxy's discretion                                   219,847        5,051,544
 15. To re-elect Ben Wyatt as a Director
 Total number of proxy votes exercisable by all proxies validly appointed:   887,141,152    221,535,315
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      869,961,620    213,576,798
 (ii)    was to vote against the resolution                                  16,961,102     2,927,462
 (iii)   was to abstain on the resolution                                    4,677,937      2,383,511
 (iv)   may vote at the proxy's discretion                                   218,430        5,031,055
 16. Re-appointment of auditors
 Total number of proxy votes exercisable by all proxies validly appointed:   888,582,995    222,647,880
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      881,472,131    217,084,502
 (ii)    was to vote against the resolution                                  6,897,719      528,530
 (iii)   was to abstain on the resolution                                    3,234,833      1,270,629
 (iv)   may vote at the proxy's discretion                                   213,145        5,034,848
 17. Remuneration of auditors
 Total number of proxy votes exercisable by all proxies validly appointed:   889,873,419    222,677,772
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      888,590,854    216,808,709
 (ii)    was to vote against the resolution                                  1,065,399      842,993
 (iii)   was to abstain on the resolution                                    1,944,829      1,240,299
 (iv)   may vote at the proxy's discretion                                   217,166        5,026,070
 18. Authority to make political donations
 Total number of proxy votes exercisable by all proxies validly appointed:   883,224,511    222,789,080
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      875,575,346    212,362,864
 (ii)    was to vote against the resolution                                  7,438,970      5,448,652
 (iii)   was to abstain on the resolution                                    8,586,470      1,119,798
 (iv)   may vote at the proxy's discretion                                   210,195        4,977,564
 19. 2025 Climate Action Plan
 Total number of proxy votes exercisable by all proxies validly appointed:   818,067,714    195,568,297
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      765,321,653    174,554,348
 (ii)    was to vote against the resolution                                  52,523,568     16,049,262
 (iii)   was to abstain on the resolution                                    73,747,019     28,350,580
 (iv)   may vote at the proxy's discretion                                   222,493        4,964,687
 21/24. Shareholder requisitioned resolution(1)
 Total number of proxy votes exercisable by all proxies validly appointed:   883,139,080    222,271,129
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                      184,299,258    30,577,313
 (ii)    was to vote against the resolution                                  698,568,141    188,834,971
 (iii)   was to abstain on the resolution                                    8,679,257      1,647,747
 (iv)   may vote at the proxy's discretion                                   271,681        2,858,845

 

(1) Resolution 21 in the Rio Tinto Limited notice of meeting is the
corresponding resolution of Resolution 24 in the Rio Tinto plc notice of
meeting.

 

 

The proxy positions for the resolutions put to the Rio Tinto plc shareholders
only were as follows:

 

 PROXY POSITION FOR RIO TINTO PLC ONLY MATTERS - RESOLUTIONS FROM MEETING HELD  Rio Tinto plc
 ON 3 APRIL 2025
 20. General authority to allot shares
 Total number of proxy votes exercisable by all proxies validly appointed:      889,772,551
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                         864,979,498
 (ii)    was to vote against the resolution                                     24,574,161
 (iii)   was to abstain on the resolution                                       2,045,663
 (iv)   may vote at the proxy's discretion                                      218,892
 21. Disapplication of pre-emption rights
 Total number of proxy votes exercisable by all proxies validly appointed:      888,803,742
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                         884,353,201
 (ii)    was to vote against the resolution                                     4,238,456
 (iii)   was to abstain on the resolution                                       3,013,775
 (iv)   may vote at the proxy's discretion                                      212,085
 22. Authority to purchase Rio Tinto plc shares
 Total number of proxy votes exercisable by all proxies validly appointed:      889,924,810
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                         883,950,944
 (ii)    was to vote against the resolution                                     5,760,319
 (iii)   was to abstain on the resolution                                       1,894,398
 (iv)   may vote at the proxy's discretion                                      213,547
 23. Notice period for general meetings other than annual general meetings
 Total number of proxy votes exercisable by all proxies validly appointed:      889,924,505
 Total number of proxy votes in respect of which the appointments specified
 that the proxy:
 (i)     was to vote for the resolution                                         856,796,017
 (ii)    was to vote against the resolution                                     32,901,179
 (iii)   was to abstain on the resolution                                       1,894,701
 (iv)   may vote at the proxy's discretion                                      227,309

 

 

The proxy position for the resolution put to the Rio Tinto Limited
shareholders only was as follows:

 

 PROXY POSITION FOR RIO TINTO LIMITED ONLY MATTERS - RESOLUTIONS FROM MEETING  Rio Tinto Limited
 HELD ON 1 MAY 2025
 20. Renewal of on-market share buy-back authority
 Total number of proxy votes exercisable by all proxies                        222,875,833

 validly appointed:
 Total number of proxy votes in respect of which the

 appointments specified that the proxy:
 (i)     was to vote for the resolution                                        215,134,907
 (ii)    was to vote against the resolution                                    2,681,844
 (iii)   was to abstain on the resolution                                      1,042,499
 (iv)   may vote at the proxy's discretion                                     5,059,082

 

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