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

Rio TintoAnnouncement

02/06/2017 16:10

RNS Number : 0602H
Rio Tinto PLC
02 June 2017
Shareholdings of directors and persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)
2 June 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 and the remaining third of the 2013 PSP award vested on 31 May 2017. 
On 31 May 2017, the following PDMRs received a third of 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
EBIT
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
583
132
518
81
31.0801 GBP
437
Rio Tinto plc shares
Jacques, 
Jean-Sbastien
25,682
8,560
1,926
7,744
3,741
31.0801 GBP
4,003
Rio Tinto plc shares
Lynch, Christopher
52,084
17,361
3,907
15,705
7,582
31.0801 GBP
8,123
Rio Tinto plc shares
Niven, Simone
343
114
26
102
50
31.0801 GBP
52
Rio Tinto Limited shares
Farrell, Joanne
2,477
825
186
738
368
62.45 AUD
370
Rio Tinto Limited shares
McIntosh, Stephen
5,632
1,877
423
1,679
837
62.45 AUD
842
Rio Tinto Limited shares
Salisbury, Christopher
3,907
1,302
293
1,165
581
62.45 AUD
584
Rio Tinto Limited shares
Soirat, Arnaud
3,601
1,200
270
1,074
473
62.64 AUD
601
*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 PSP 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
Group 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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