REG - Rio Tinto - Director/PDMR Shareholding <Origin Href="QuoteRef">RIO.L</Origin>
RNS Number : 4358IRio Tinto PLC08 December 2015Rio Tinto Limited - Change of Director's Interest Notice - Sam Walsh
9 December 2015
Rio Tinto voluntarily notifies London Stock Exchange (LSE) of directors' interests in the securities of Rio Tinto Limited and material changes to those interests, as disclosed to the Australian Securities Exchange (ASX), in compliance with the ASX Listing Rules and the Australian Corporations Act.
Rio Tinto Bonus Deferral Plan ("BDP")
Under the terms of the BDP 50% of the annual bonuses of the participating executives are delivered in deferred ordinary shares of Rio Tinto plc or Rio Tinto Limited, as applicable. The BDP Rights vests in December of the third year after the end of the performance year to which it relates.
On 9 December 2015, Rio Tinto Limited notified the ASX of the vesting of Rights under the BDP, and acquisition of Rio Tinto Limited Ordinary Shares (Shares) pursuant to the vesting by 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
BDP Rights Granted on
27 May 2013
Dividend share entitlement
No. of BDP Rights Vested
No. of Shares Sold
Sale price per Share
AUD
No. of Shares Retained
Rio Tinto Limited
Sam Walsh
18,413
2,424
20,837
7,061
$43.75
13,776
Mr Walsh sold 7,061 shares by way of an on-market trade to cover the resulting tax liability associated with the vesting of the BDP Rights.
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
6 St James's Square
London SW1Y 4AD
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 ExchangeENDRDSXVLLBELFLFBE
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