REG - Rio Tinto - Director/PDMR Shareholding

Rio TintoAnnouncement

04/06/2020 13:35

RNS Number : 9918O
  
Rio Tinto PLC
  
04 June 2020
  
 

Shareholdings of directors and persons discharging managerial responsibility (PDMR) 
 
4 June 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).
 
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 vested on 31 May 2020 once the Relative EBIT Margin performance had been established.   
 
On 1 June 2020, the following PDMRs received their vested PSA award in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions. The balance that did not vest due to the application of performance conditions has now lapsed.
 
 



Security


Name of PDMR 
 


Conditional Award Granted in 2015


Award subject to EBIT performance adjustment


No. of Shares Vested*


No. of Shares Sold


Price per Share


No. of Shares Retained




Rio Tinto plc shares


Baatar, 
Bold


14,954


4,984


5,888


2,035


43.716372
GBP


3,853




Rio Tinto plc shares


Barrios, Alfredo


66,390


22,129


26,149


13,787


43.716372
GBP


12,362




Rio Tinto plc shares


Jacques, 
Jean-Sébastien


72,768


24,255


28,661


13,324


43.716372
GBP


15,337




Rio Tinto Limited shares


Salisbury, Christopher


16,175


5,391


6,137
 


2,822


95.75 AUD
 


3,315




Rio Tinto Limited shares


Soirat, Arnaud


17,658


5,885
 


6,700
 


3,081
 
 


95.75 AUD
 


3,619
 




Rio Tinto Limited shares


Trott, Simon


8,216


2,738


3,116


N/A


N/A


3,116



 
*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 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: 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
United Kingdom
 
T +44 20 7781 2000

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
  END
 
 
DSHBZLFBBQLEBBZ