REG - Rio Tinto - Result of AGM

Rio TintoAnnouncement

10/04/2019 18:00

RNS Number : 8217V
Rio Tinto PLC
10 April 2019
 


               
 
 
Rio Tinto plc - 2019 annual general meeting voting results
 
10 April 2019
 
The annual general meeting of Rio Tinto plc was held on 10 April 2019.
 
Under Rio Tinto's dual listed companies structure established in 1995, decisions on significant matters affecting shareholders of Rio Tinto plc and Rio Tinto Limited in similar ways are taken through a joint electoral procedure.
 
Resolutions 1 to 16 of the Rio Tinto plc annual general meeting fall into this category, and the results of the voting on these resolutions will be announced shortly after the Rio Tinto Limited annual general meeting which will be held in Perth, Australia on 9 May 2019.
 
The remaining resolutions 17 to 20 were put to Rio Tinto plc shareholders on a poll at the annual general meeting today. The results of that poll were as follows:
 




Resolutions


For/Discretion (no of votes)


% for / discretion


Against
(no of votes)


Total votes validly cast


% of issued share capital voted


Withheld*




17. General authority to allot shares


829,158,948


89.25%


99,828,549


928,987,497


73.48%


15,051,675




18. Disapplication of pre-emption rights


925,249,303


99.78%


2,083,062


927,332,365


73.35%


16,711,049




19. Authority to purchase Rio Tinto plc shares


734,289,456


79.06%


194,536,571


928,826,027


73.47%


15,217,689




20. Notice period for general meetings other than annual general meetings


878,298,677


94.55%


50,626,030


928,924,707


73.47%


15,119,617




 
*It should be noted that a vote 'withheld' is not a vote in law and is not counted in the calculation of the proportion of votes for and against each resolution.
 
For the purposes of section 341 of the UK Companies Act 2006, the votes validly cast are expressed in the table as a percentage of Rio Tinto plc's total issued share capital (excluding shares held in Treasury) as at 8pm on 8 April 2019, being the time at which a shareholder had to be registered in the Company's register of members in order to attend and vote at the annual general meeting. The number of shares in issue was 1,273,704,745 (excluding Treasury shares 1,264,283,277).
 
The Company notes that Resolution 19 'Authority to purchase Rio Tinto plc shares' was passed with less than 80% of votes in favour. Shining Prospect (a subsidiary of the Aluminium Corporation of China "Chinalco") voted against Resolution 19. Chinalco has not sold any of its shares in Rio Tinto plc and now has a holding of just over 14% given its non-participation in the Company's significant share buyback programmes. This places Chinalco close to the 14.99% holding threshold agreed with the Australian Government at the time of its original investment in Rio Tinto.
 
In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, have been submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/NSM.  
 
The addresses and accompanying presentation given by the chairman and the chief executive at the annual general meeting held today are available at http://www.riotinto.com/agm2019.
 
 
LEI: 213800YOEO5OQ72G2R82

Classification: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
 
Contacts
 
media.enquiries@riotinto.com 
 
riotinto.com 
 
  Follow @RioTinto on Twitter
 




Media Relations, United Kingdom
Illtud Harri
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David Outhwaite
T +44 20 7781 1623
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Media Relations, Americas
Matthew Klar
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Grant Donald
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Media Relations, Australia
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Matt Chambers
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Jesse Riseborough
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Investor Relations, United Kingdom
John Smelt
T +44 20 7781 1654
M +44 7879 642 675
 
David Ovington
T +44 20 7781 2051
M +44 7920 010 978
 
Nick Parkinson
T +44 20 7781 1552
M +44 7810 657 556
 


 
Investor Relations, Australia
Natalie Worley
T +61 3 9283 3063
M +61 409 210 462
 
Rachel Storrs
T +61 3 9283 3628
M +61 417 401 018




 
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




 




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