REG - Rio Tinto - Director/PDMR Shareholding

Rio TintoAnnouncement

18/03/2020 14:05

RNS Number : 6511G
  
Rio Tinto PLC
  
18 March 2020
  
 

 
Shareholdings of persons discharging managerial responsibility (PDMR)  
 
18 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 to both the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE).
 
Rio Tinto Equity Incentive Plan 2018 (EIP)
Bonus Deferral Awards and Performance Share Awards
 
The Remuneration Committee has approved a 50% deferral of the 2019 annual bonus for members of the Executive Committee to be delivered as a Bonus Deferral Award (BDA). Grants of BDA are made under the EIP over either Rio Tinto plc shares or Rio Tinto Limited shares (shares). The number of shares granted as a BDA was calculated using the five day average price of shares up to 13 March 2020. These awards will vest on the basis of service at 1 December 2022.
 
Performance Share Awards (PSA) are granted under the EIP and provides participants with the conditional right, subject to performance conditions being met, to receive shares. The number of shares comprised in the PSA is determined using the average share price for the year immediately preceding the commencement of the relevant performance period. As advised in the Rio Tinto 2019 Annual report, published on 27 February 2020, these values are £43.43 in the case of Rio Tinto plc shares and A$94.22 in the case of Rio Tinto Limited shares. The awards granted in 2020 will be measured against the Total Shareholder Return performance conditions after five years (as at the end of 2024). The level of PSA granted is as advised on page 123 (Jean-Sébastien Jacques and Jakob Stausholm) and 127 (all others named below) of the 2019 Annual report. 
 
The following PDMRs were awarded the following share awards on 16 March 2020:
 







Rio Tinto plc


Rio Tinto Limited




PDMR


No. of shares awarded as BDA (calculated using a price of £32.43 
per share)


No. of shares awarded as PSA (calculated using a price of £43.43
per share)


No. of shares awarded as BDA (calculated using a price of  A$81.11 per share)


No. of shares awarded as PSA (calculated using a price of A$94.22 per share)




Baatar, Bold


9,329


53,272


-


-




Barrios, Alfredo


8,724


53,236


-


-




Jacques, Jean-Sébastien


26,234


115,049


-


-




Salisbury, Christopher


-


-


6,819


41,989




Soirat, Arnaud


10,920


53,272


-


-




Stausholm, Jakob


13,454


74,711


-


-




Trott, Simon


9,615


52,838


-


-



 
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: 3.1. 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
 
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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