REG - Rio Tinto - Director/PDMR Shareholding <Origin Href="QuoteRef">RIO.L</Origin>
RNS Number : 5748FRio Tinto PLC23 February 2015Rio Tinto Limited - Change of Director's Interest Notice - Sam Walsh
23 February 2015
Rio Tinto voluntarily notifies London Stock Exchange (LSE) of directors' interests in the securities of Rio Tinto Limited and changes to those interests, as disclosed to the Australian Securities Exchange (ASX), in compliance with the ASX Listing Rules and the Australian Corporations Act.
Performance Share Plan ("PSP")
The Performance Share Plan (PSP) is a performance based share plan which provides the Rio Tinto plc and Rio Tinto Limited participants with the conditional right to receive Rio Tinto plc or Rio Tinto Limited ordinary shares, subject to performance conditions being met, under the terms of the Rio Tinto plc PSP and Rio Tinto Limited PSP respectively.
On 23 February 2015 Rio Tinto Limited notified the ASX of the following transactions for Sam Walsh, in compliance with the ASX Listing Rule 3.19A and as agent for the director, for the purposes of section 205G of the Australian Corporations Act:
Security
Name of the Director
PSP Rights Granted on
6 May 2011
No. of Rights Lapsed
No. of Rights Vested
No. of Shares Sold
Sale price per Share
AUD
No. of Shares Retained
Rio Tinto Limited
Sam Walsh
61,752
16,365
45,387
11,502
$63.85
33,885
Mr Walsh sold 11,502 shares by way of an on-market trade to cover the resulting tax liability associated with the vesting of the PSP Rights.
Share Savings Plan ("SSP")
The Rio Tinto Limited SSP is a savings based share options plan available to employees of Rio Tinto. According to the terms of the plan, the participants elect to save a nominated amount each month, during the savings period of up to a maximum of five years. At the end of the savings period and upon maturity of the options, participants may exercise the option over shares to be granted at a discount of up to 20 per cent to the market value at the time of grant.
On 23 February 2015 Rio Tinto Limited notified the ASX of the following transactions for Sam Walsh, in compliance with the ASX Listing Rule 3.19A and as agent for the director, for the purposes of section 205G of the Australian Corporations Act:
Security
Name of the Director
SSP Options Granted under 2009 Offer
SSP Option Exercise Price
AUD
No. of Shares Acquired
Rio Tinto Limited
Sam Walsh
125
$48.73
125
The complete Appendix 3Y notification submitted to ASX is available at:
www.riotinto.com/regulatorynewsandfilings
Vaughn Walton
Assistant Company Secretary
Tim Paine
Joint Company Secretary
Rio Tinto plc
2 Eastbourne Terrace
London W2 6LG
United Kingdom
T +44 20 7781 1345
Registered in EnglandNo. 719885
Rio Tinto Limited
120 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404
This information is provided by RNSThe company news service from the London Stock ExchangeENDRDSKXLBLELFLBBZ
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