REG - Rio Tinto - Director/PDMR Shareholding <Origin Href="QuoteRef">RIO.L</Origin>

Rio TintoAnnouncement

11/03/2016 17:00

RNS Number : 9014R
Rio Tinto PLC
11 March 2016
Shareholdings of persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)
Rio Tinto Bonus Deferral Plan ("BDP")
Rio Tinto Performance Share Plan ("PSP")
11 March 2016
Rio Tinto plc notifies the London Stock Exchange (LSE) of PDMR/KMP interests in securities of Rio Tinto plc, in compliance with the UK Financial Conduct Authority's Disclosure and Transparency Rule 3.1. As part of its dual listed company structure, Rio Tinto voluntarily notifies the Australian Securities Exchange (ASX) of such dealings. Rio Tinto also notifies both ASX and LSE of all dealings by PDMR/KMP in Rio Tinto Limited securities.
The Remuneration committee has approved a50% bonus deferral for members of the Executive committee under the BDP. All bonus deferrals are in Rio Tinto plcshares of 10p each or Rio Tinto Limited shares ("shares")valued using the five day average price of shares between 4and10 March 2016which will vest on the basis of service at 1December2018.
The PSP is a performance share plan which provides participants with the conditional right, subject to performance conditions being met, to receive shares. The value of the shares is determined by taking the average of the middle market quotations from the LSE or ASX for each Friday in the year immediately preceding the commencement of the relevant performance period. As advised in the Rio Tinto 2015 annual report published on 3 March 2016 these values are 26.346 in the case of Rio Tinto plc and A$54.184 in the case of Rio Tinto Limited. Theawards grantedin 2016will be measured against the performance conditions after five years (as at the end of 2020). The level of awards granted is as advised on pages 83 (Sam Walsh) 85 (Chris Lynch) and 87 (all others named below) of the annual report.
Thefollowing PDMR/KMPwereawarded the following on 11 March 2016:

Rio Tinto plc
Rio Tinto Limited
PDMR/KMP
No. of shares awarded under BDP 
at 20.76 
per share
No. of shares awarded under PSP 
at 26.346 
per share
No. of shares awarded under BDP 
at AUD 45.13 per share
No. of shares awarded under PSP 
at AUD 54.184 per share
Bague, Hugo
16,062
75,001
-
-
Barrios, Alfredo
16,957
73,140
-
-
Davies, Alan
14,766
79,936
-
-
Harding, Andrew
19,497
84,510
-
 -
Jacques, Jean-Sbastien
22,394
84,005
-
-
Lilleyman, Greg
-
 -
11,542
48,787
Lynch, Christopher
33,238
126,987
-

Valentine, Debra
16,111
65,693
-
-
Walsh, Sam
-
-
36,153
147,076
The requisite Appendix 3Y (Change of Director's Interest Notice) announcement in respect of Sam Walsh's BDP and PSP awards will be made to the ASX contemporaneously with the release of this announcement. 
This announcement is made in compliance with the UK Financial Conduct Authority's Disclosure and Transparency Rule 3.1.
Vaughn Walton
Assistant Company Secretary 
Tim Paine
Joint Company Secretary
Rio Tinto plc
6 St James's Square
London 
SW1Y 4AD
T +44 20 7781 1345
Registered in England 
No. 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 RNS
The company news service from the London Stock Exchange
  END
RDSQFLFFQXFLBBK