REG - Rio Tinto - Director/PDMR Shareholding

Rio TintoAnnouncement

03/03/2020 15:15

RNS Number : 8856E
  
Rio Tinto PLC
  
03 March 2020
  
 

Shareholdings of directors and persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)
 
03 March 2020
 
As part of its dual listed company structure, Rio Tinto notifies dealings in Rio Tinto plc and Rio Tinto Limited securities by PDMRs/KMPs to both the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE).
 
Rio Tinto Performance Share Plan 2013 ("PSP")
 
The PSP is a performance based share plan which provides participants with the conditional right (known as a Performance Share Award or PSA) to receive Rio Tinto plc or Rio Tinto Limited shares, subject to performance conditions being met.
 
The PSA granted in 2015 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 27 February 2020. The remaining third of the PSA granted in 2015 will vest on 31 May 2020 once the relative EBIT margin performance has been established. 
 
On 27 February 2020, the following PDMRs received their vested PSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions. 
 




Security


Name of PDMR


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


Date of Transaction




Rio Tinto plc shares


Baatar, Bold


14,954


9,970


3,157


8,632


3,125


37.16 GDP


5,507


27/02/2020




Rio Tinto plc shares


Barrios, Alfredo


66,390


44,261


14014


38,327
 


21,565
 


37.16 GDP


16,762
 


27/02/2020




Rio Tinto plc shares


Jacques, Jean-Sébastien


72,768


48,513
 


15,360
 


42,009
 


20,841
 


37.16 GDP


21,168
 


27/02/2020




Rio Tinto Limited shares


Salisbury, Christopher


16,175


10,784
 


3,415
 


8,879
 


4,267
 


AUD 90.12 
 


4,612
 


27/02/2020




Rio Tinto Limited shares


Soirat, Arnaud


17,658
 


11,773
 


3,728
 


9,694
 


4,659
 


AUD 90.12 
 


5,035
 


27/02/2020




Rio Tinto Limited shares


Trott, Simon


8,216


5,478
 


1,735
 


4,510
 


0
 


n/a


4,510
 


27/02/2020




*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period.
Rio Tinto Management Share Plan 2007 ("MSP")
 
The MSP provides participants with a conditional right (known as a Management Share Award or MSA) to receive Rio Tinto plc or Rio Tinto Limited shares, subject to continuous employment.  
 
On 27 February 2020, the following PDMRs received their vested MSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions. All MSA included in this announcement were granted prior to the PDMR/KMP becoming a member of the Executive Committee.
 




Security


Name of PDMR/KMP


Conditional Award Granted 


No: of Shares Vested* 


No: of Shares Sold


Price per Share 


No: of Shares Retained


Date of Transaction




Rio Tinto Limited Shares


Simon Trott


2,695
 


3,100
 


0


n/a


3,100
 


27/02/2020
 




*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted.
 
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. Information disclosed under article 19 of the Market Abuse Regulation 
 
This announcement is authorised for release to the market by Rio Tinto's Group Company Secretary. 
 




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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