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

Rio TintoAnnouncement

10/03/2017 12:35

RNS Number : 1625Z
Rio Tinto PLC
10 March 2017
Shareholdings of persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)
Rio Tinto Bonus Deferral Plan ("BDP")
Rio Tinto Performance Share Plan ("PSP")
10 March 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.
The Remuneration Committee has approved a50% bonus deferral for members of the Executive Committee under the BDP. All bonus deferrals are in either Rio Tinto plcshares or Rio Tinto Limited shares ("shares")valued using the five day average price of shares on 2, 3, 6, 7 and 8 March 2017which will vest on the basis of service at 1December2019.
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 2016 Annual report published on 2 March 2017 these values are 23.352 in the case of Rio Tinto plc and A$48.533 in the case of Rio Tinto Limited. Theawards grantedin 2017will be measured against the performance conditions after five years (as at the end of 2021). The level of awards granted is as advised on pages 83 (Jean-Sbastien Jacques), 85 (Christopher Lynch) and 89 (all others named below) of the Annual report.
Thefollowing PDMRs/KMPswereawarded the following on 9 March 2017:

Rio Tinto plc
Rio Tinto Limited
PDMR/KMP
No. of shares awarded under BDP 
at 33.031 
per share
No. of shares awarded under PSP 
at 23.352 
per share
No. of shares awarded under BDP 
at AUD 61.916 per share
No. of shares awarded under PSP 
at AUD 48.533 per share
Baatar, Bold
5,703
85,174
-
-
Barrios, Alfredo
14,230
91,721
-
-
Farrell, Joanne
-
-
6,511
66,295
Jacques, Jean-Sbastien
22,163
184,994
-
-
Kirikova, Vera
1,811
66,803
-
-
Lynch, Christopher
21,725
146,711
-
-
McIntosh, Stephen
-
-
7,526
79,152
Niven, Simone
1,704
66,803
-
-
Salisbury, Christopher
-
-
7,772
79,152
Soirat, Arnaud
8,051
85,174
-
-
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
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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