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

Rio TintoAnnouncement

22/02/2018 11:05

RNS Number : 6521F
Rio Tinto PLC
22 February 2018
Shareholdings of directors and persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)
22 February 2018
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 London Stock Exchange (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 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 2014 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 19 February 2018. The remaining third of the 2014 PSP award will vest on 31 May 2018 once the relative EBIT margin performance has been established.
On 19 February 2018, 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 Limited shares
Farrell, Joanne
2,477
1,652
826
942
447
82.00 AUD
495
Rio Tinto plc shares
Jacques,
Jean-Sbastien
25,683
17,123
8,562
9,871
4,688
40.72395 GBP
5,183
Rio Tinto plc shares
Lynch, Christopher
52,085
34,724
17,362
20,020
9,505
40.72395 GBP
10,515
Rio Tinto Limited shares
McIntosh, Stephen
5,633
3,756
1,878
2,142
1,016
82.00 AUD
1,126
Rio Tinto plc shares
Niven, Simone
343
229
115
131
63
40.72395 GBP
68
Rio Tinto Limited shares
Salisbury, Christopher
3,907
2,605
1,303
1,485
705
82.00 AUD
780
Rio Tinto Limited shares
Trott, Simon
1,834
1,223
612
696
0
N/A
696
On 20 February 2018, the following PDMR 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
1,751
1,168
584
665
139
39.865 GBP
526
On 21 February 2018, 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
1,201
1,368
554
80.23 AUD
814
*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.
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 19 February 2018, 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 Limited shares
Farrell, Joanne
3,769
4,078
1,935
82.00 AUD
2,143
Rio Tinto plc shares
Kirikova, Vera
879
942
319
40.72395 GBP
623
Rio Tinto Limited shares
McIntosh, Stephen
3,809
4,121
1,955
82.00 AUD
2,166
Rio Tinto plc shares
Niven, Simone
1,261
1,374
653
40.72395 GBP
721
Rio Tinto Limited shares
Salisbury, Christopher
4,043
4,374
2,075
82.00 AUD
2,299
Rio Tinto Limited shares
Trott, Simon
2,054
2,222
0
N/A
2,222
On 20 February 2018, 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 plc shares
Baatar, Bold
3,738
4,073
1,073
39.865 GBP
3,000
On 21 February 2018, 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
4,414
4,776
1,694
80.23 AUD
3,082
*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.
LEI: 213800YOEO5OQ72G2R82
Classification: 2.2. Inside information disclosed under article 19 of the Market Abuse Regulation
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
360 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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