REG - Rio Tinto - Director/PDMR Shareholding

Rio TintoAnnouncement

20/07/2018 15:05

RNS Number : 3402V
Rio Tinto PLC
20 July 2018
 


Shareholdings of directors and persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)
 
20 July 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 July 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 July 2018 to pay applicable withholding tax and other deductions.
 



Security


Name of PDMR/KMP


No: of Matching Shares Granted


No: of Matching
Shares Vested*


No: of Shares Sold


Price per Share Sold
 


No: of Shares Retained




Rio Tinto plc shares


Barrios, Alfredo


25.456


28.5433


12.6641


40.776263 GBP


15.8792




Rio Tinto Limited shares


Farrell, Joanne


26.3674


29.2633


13.7538


80.35 AUD


15.5095




Rio Tinto plc shares
 


Jacques,
Jean-Sébastien


14.335


16.073


6.7508


40.776263 GBP


9.3222




Rio Tinto Limited shares


McIntosh, Stephen


26.3674


29.2633


13.7538


80.35 AUD


15.5095




Rio Tinto Limited shares


Trott, Simon


26.3674


29.2633


N/A


N/A


29.2633



 
*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



 
 
 
 
 
 
 
                                                                   




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