REG - Rio Tinto - Director/PDMR Shareholding <Origin Href="QuoteRef">RIO.L</Origin>
RNS Number : 6977PRio Tinto PLC22 February 2016Rio Tinto Limited - Change of Director's Interest Notice - Sam Walsh
22 February 2016
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.
Performance Share Plan ("PSP")
The 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. 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 ordinary shares.
On 22 February 2016, Rio Tinto Limited notified the ASX of the vesting of Rights under the PSP, and acquisition by Sam Walsh of Rio Tinto Limited Ordinary Shares (Shares) pursuant to the vesting, 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 19 March 2012
No. of PSP Rights Lapsed
No. of PSP Rights Vested
No. of Shares Sold
Sale price per Share
AUD
No. of Shares Retained
Rio Tinto Limited
Sam Walsh
63,540
21,985
41,555
15,075
$43.09
26,480
Mr Walsh sold 15,075 Shares by way of an on-market trade to cover the resulting tax liability associated with the vesting of the PSP 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 ExchangeENDRDSQLLBLQLFEBBK
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