REG - Rio Tinto - Director/PDMR Shareholding

Rio TintoAnnouncement

04/06/2018 15:05

RNS Number : 2245Q
Rio Tinto PLC
04 June 2018
 


Shareholdings of directors and persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)
 
4 June 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 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 19 February 2018 and the remaining third of the 2013 PSP award vested on 31 May 2018.
 
On 31 May 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


EBIT
Vest Portion


No: of Shares Vested*


No: of Shares Sold


Price per Share


No: of Shares Retained




Rio Tinto Limited shares


Farrell, Joanne


2,477


825


959


449


82.75 AUD


510




Rio Tinto plc shares


Jacques,
Jean-Sébastien


25,683


8,560


10,060


4,759


42.46966 GBP


5,301




Rio Tinto plc shares


Lynch, Christopher
 


52,085


17,361


20,403


9,649


42.46966 GBP


10,754




Rio Tinto Limited shares


McIntosh, Stephen


5,633


1,877


2,183


1,021


82.75 AUD


1,162




Rio Tinto plc shares


Niven, Simone
 


343


114


133


64


42.46966 GBP


69




Rio Tinto Limited shares


Salisbury, Christopher


3,907


1,302


1,514


708


82.75 AUD


806




 
On 1 June 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


EBIT
Vest Portion


No: of Shares Vested*


No: of Shares Sold


Price per Share


No: of Shares Retained




Rio Tinto plc shares


Baatar, Bold
 


1,751


583


677


147


42.93 GBP


530




Rio Tinto Limited shares


Trott, Simon


1,834


611


710


0


N/A


710




 
On 4 June 2018, the following PDMR received his 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 Vested*


No: of Shares Sold


Price per Share


No: of Shares Retained




Rio Tinto Limited shares


Soirat, Arnaud


3,601


1,200


1,395


531


83.19 AUD


864




 
*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.
 
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




 




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