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

Rio TintoAnnouncement

22/02/2017 16:20

RNS Number : 5894X
Rio Tinto PLC
22 February 2017
Shareholdings of directors and persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)
22 February 2017
Rio Tinto plc notifies the London Stock Exchange (LSE) of PDMR/KMP interests in securities of Rio Tinto plc, in compliance with the EU Market Abuse Regulation. As part of its dual listed company structure, Rio Tinto voluntarily notifies the Australian Securities Exchange (ASX) of material dealings in Rio Tinto plc shares by PDMR/KMP and both ASX and the LSE of material dealings by PDMR/KMP in Rio Tinto Limited securities.
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 shares, subject to performance conditions being met, under the terms of the Rio Tinto plc PSP and Rio Tinto Limited PSP respectively. 
The 2013 PSP award is subject to two performance conditions. Two thirds of the award is subject to Total Shareholder Return (TSR) performance and the remaining third to an Earnings based measure of Relative EBIT Margin. The TSR part of the award vested on 20 February 2017. The remaining third of the 2013 PSP award will vest on 31 May 2017 once the relative EBIT margin performance has been established. 
On 21 February 2017, Rio Tinto was notified that on 20 February 2017 the following PDMRs received their vested PSP award in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.
Security
Name of PDMR/KMP
Conditional Award Granted
TSR Vest Portion
No: of Shares Lapsed
No: of Shares Vested*
No: of Shares Sold
Price per Share
No: of Shares Retained
Rio Tinto plc shares
Baatar, Bold
1,750
1,167
736
475
60
36.1788 GBP
415
Rio Tinto plc shares
Jacques, 
Jean-Sbastien
25,682
17,122
10,787
7,085
3,325
36.1788 GBP
3,760
Rio Tinto plc shares
Lynch, Christopher
52,084
34,723
21,876
14,369
6,739
36.1788 GBP
7,630
Rio Tinto plc shares
Niven, Simone
343
229
145
93
45
36.1788 GBP
48
Rio Tinto Limited shares
Farrell, Joanne
2,477
1,652
1,041
684
338
67.55 AUD
346
Rio Tinto Limited shares
McIntosh, Stephen
5,632
3,755
2,366
1,556
768
67.55 AUD
788
Rio Tinto Limited shares
Salisbury, Christopher
3,907
2,605
1,642
1,079
533
67.55 AUD
546
*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted, in accordance with the MSP plan rules.
On 22 February 2017, Rio Tinto was notified that on 22 February 2017 the following PDMR elected to receive their vested PSP award in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.
Security
Name of PDMR/KMP
Conditional Award Granted
TSR Vest Portion
No: of Shares Lapsed
No: of Shares Vested*
No: of Shares Sold
Price per Share
No: of Shares Retained
Rio Tinto Limited shares
Soirat, Arnaud
3,601
2,401
1,513
995
440
69.04 AUD
555
*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted, in accordance with the MSP plan rules.
Management Share Plan ("MSP")
The MSP is a service based award which provides the participants with an award of Rio Tinto plc ordinary shares of 10p each or Rio Tinto Limited ordinary share ("shares"), which vests subject to continuous employment. 
On 21 February 2017, Rio Tinto was notified that on 20 February 2017 the following PDMRs received their vested MSP award in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.
Security
Name of PDMR/KMP
Conditional Award Granted
No. of Shares Vested*
No. of Shares Sold
Price per Share
No. of Shares Retained
Rio Tinto plc shares
Baatar, Bold
3,882
4,214
547
36.1788 GBP
3,667
Rio Tinto plc shares
Niven, Simone
1,220
1,324
622
36.1788 GBP
702
Rio Tinto Limited shares
Farrell, Joanne
3,724
4,056
2,002
67.55 AUD
2,054
Rio Tinto Limited shares
McIntosh, Stephen
3,789
4,127
2,037
67.55 AUD
2,090
Rio Tinto Limited shares
Salisbury, Christopher
3,997
4,354
2,149
67.55 AUD
2,205
*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted, in accordance with the MSP plan rules.
On 22 February 2017, Rio Tinto was notified that on 22 February 2017 the following PDMR received their vested MSP award in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.
Security
Name of PDMR/KMP
Conditional Award Granted
No. of Shares Vested*
No. of Shares Sold
Price per Share
No. of Shares Retained
Rio Tinto Limited shares
Soirat, Arnaud
4,081
4,445
1,911
69.04 AUD
2,534
*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted, in accordance with the MSP plan rules.
FCA notifications in accordance with the EU Market Abuse Regulation have been issued to the London Stock Exchange contemporaneously with this release. 
Steve Allen
Company Secretary 
Tim Paine
Joint Company Secretary
Rio Tinto plc
6 St James's Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2058
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
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