REG - Rio Tinto - Director/PDMR Shareholding

Rio TintoAnnouncement

20/04/2018 16:20

RNS Number : 6796L
Rio Tinto PLC
20 April 2018
 

Shareholdings of directors and persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)
 
20 April 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 the ASX and the LSE of material dealings by PDMR/KMP in Rio Tinto Limited securities.
 
Global Employee Share Plan (GESP)
 
Under the GESP employees are able to purchase, on a quarterly basis, Rio Tinto plc ordinary shares of 10p each ('shares'), Rio Tinto plc ADRs or Rio Tinto Limited ordinary shares ('shares'). Shares are purchased out of monthly deductions from salary and participants are allocated an equivalent number of shares or ADRs free of charge ('matching shares' and 'matching ADRs') conditional upon satisfying the terms of the GESP. The matching shares or matching ADRs are subject to a three year holding period, and vest after this period. At the time of vesting, participants can elect to receive their awards for nil consideration either as shares or as cash from the proceeds of a sale of shares.
 
On 17 April 2018, the following PDMR/KMPs elected to receive the vested matching shares under the GESP in the form of shares, of which sufficient were sold on 19 April 2018 to pay applicable withholding tax and other deductions.
 




Security


Name of PDMR/KMP


No: of Matching Shares Granted


No: of Shares Vested*


No: of Shares Sold


Price per Share Sold
 


No: of Shares Retained




Rio Tinto plc shares


Barrios, Alfredo


23.6135


26.8297


11.9038


39.624466 GBP


 14.9259




Rio Tinto Limited shares


Farrell, Joanne


25.4135


28.475


13.3833


81.10 AUD


15.0917




Rio Tinto plc shares
 


Jacques,
Jean-Sébastien


13.1644


14.9567


6.2819


39.624466 GBP


8.6748




Rio Tinto Limited shares


McIntosh, Stephen


25.4135


28.475


13.3833


81.10 AUD


15.0917




Rio Tinto Limited shares


Trott, Simon


25.4135


28.475


N/A


N/A


28.475




 
*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 GESP 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
Level 7, 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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