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RNS Number : 9771M Rio Tinto PLC 02 May 2024
Notice to ASX/LSE
Results of Rio Tinto annual general meetings
2 May 2024
The annual general meetings of Rio Tinto plc and Rio Tinto Limited were held
on 4 April 2024 and 2 May 2024 respectively.
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 21, contained in the notices of meeting for each
of Rio Tinto plc and Rio Tinto Limited, fall into this category, and the
results for these resolutions are set out in Table 1 below. Resolution 22,
contained in the notices of meeting for both Rio Tinto plc and Rio Tinto
Limited, was proposed as a class rights action, which requires that the
resolution was put to Rio Tinto plc and Rio Tinto Limited shareholders voting
as separate electorates. The results for resolution 22 are set out in Table 2a
and Table 2b below. Resolutions 23 to 26 of the Rio Tinto plc notice of
meeting were put to Rio Tinto plc shareholders only, and the results for these
resolutions are set out in Table 3 below. Resolutions 23 to 24 of the Rio
Tinto Limited notice of meeting were put to Rio Tinto Limited shareholders
only, and the results for these resolutions are set out in Table 4 below.
All resolutions were carried.
The results of the Rio Tinto plc polls were certified by the scrutineer,
Computershare Investor Services PLC, and the results of the Rio Tinto Limited
polls were as reported by the duly appointed returning officer, a
representative of Computershare Investor Services Pty Limited. These results
are as set out below. Information on the final proxy positions for each
company is detailed in Appendix 1, and the votes cast on each resolution as a
percentage of the issued capital of each company is set out on our website
at www.riotinto.com/invest/shareholder-information/annual-general-meetings
(https://www.riotinto.com/invest/shareholder-information/annual-general-meetings)
.
Table 1
The following joint decision resolutions, which were put to both Rio Tinto plc
and Rio Tinto Limited shareholders on a poll at the respective annual general
meetings, were duly carried. The results of the polls were as follows:
Resolution Total Votes Cast For Against Withheld/ Abstained ¹
Number % Number %
1. Receipt of the 2023 Annual Report 1,128,213,299 1,123,422,162 99.58 4,791,137 0.42 4,527,999
2. Approval of the Remuneration Policy 1,129,258,296 1,098,846,604 97.31 30,411,692 2.69 3,469,190
3. Approval of the Directors' Remuneration Report: Implementation Report 1,124,779,809 1,094,169,032 97.28 30,610,777 2.72 7,949,109
4. Approval of the Directors' Remuneration Report 1,124,795,946 1,093,733,131 97.24 31,062,815 2.76 7,933,078
5. Increase to Non-Executive Directors' Fee Cap 1,131,092,465 1,124,730,991 99.44 6,361,474 0.56 1,634,659
6. To elect Dean Dalla Valle as a Director 1,131,127,900 1,120,987,942 99.10 10,139,958 0.90 1,610,280
7. To elect Susan Lloyd-Hurwitz as a Director 1,131,154,140 1,127,820,882 99.71 3,333,258 0.29 1,584,758
8. To elect Martina Merz as a Director 1,131,144,094 1,130,227,968 99.92 916,126 0.08 1,594,460
9. To elect Joc O'Rourke as a Director 1,131,093,106 1,124,589,847 99.43 6,503,259 0.57 1,645,792
10. To re-elect Dominic Barton BBM as a Director 1,128,954,564 1,082,174,825 95.86 46,779,739 4.14 3,785,054
11. To re-elect Peter Cunningham as a Director 1,128,161,799 1,117,915,237 99.09 10,246,562 0.91 4,577,098
12. To re-elect Simon Henry as a Director 1,129,870,321 1,102,430,767 97.57 27,439,554 2.43 2,865,712
13. To re-elect Kaisa Hietala as a Director 1,130,174,005 1,100,576,029 97.38 29,597,976 2.62 2,566,391
14. To re-elect Sam Laidlaw as a Director 1,130,145,196 1,094,771,341 96.87 35,373,855 3.13 2,593,700
15. To re-elect Jennifer Nason as a Director 1,131,167,165 1,107,480,263 97.91 23,686,902 2.09 1,573,231
16. To re-elect Jakob Stausholm as a Director 1,131,168,340 1,116,872,390 98.74 14,295,950 1.26 1,571,596
17. To re-elect Ngaire Woods CBE as a Director 1,130,131,245 1,100,089,912 97.34 30,041,333 2.66 2,607,651
18. To re-elect Ben Wyatt as a Director 1,128,105,626 1,107,333,732 98.16 20,771,894 1.84 4,633,267
19. Re-appointment of auditors 1,130,647,845 1,126,202,605 99.61 4,445,240 0.39 2,092,090
20. Remuneration of auditors 1,130,502,699 1,129,207,770 99.89 1,294,929 0.11 2,234,038
21. Authority to make political donations 1,127,217,245 1,115,245,471 98.94 11,971,774 1.06 5,495,912
¹ In calculating the results of the respective polls under the joint
electoral procedure, "withheld" votes at Rio Tinto plc's meeting are
aggregated with "abstained" votes at Rio Tinto Limited's meeting. For all
relevant purposes "withheld" votes and "abstained" votes have the same
meaning. They are not included in the calculation of the proportion of votes
for and against each resolution.
Resolution 22 was put to Rio Tinto plc and Rio Tinto Limited shareholders
voting as separate electorates, and it was carried as a special resolution by
both Rio Tinto plc shareholders and Rio Tinto Limited shareholders voting
separately:
Table 2a
Voting on resolution 22 by Rio Tinto plc shareholders:
Resolution Total Votes Cast For Against Withheld
Number % Number %
22. Amendments to Rio Tinto Limited's Constitution - approval of amendments that 910,878,089 909,655,545 99.87 1,222,544 0.13 1,938,955
constitute Class Rights Actions
Table 2b
Voting on resolution 22 by Rio Tinto Limited shareholders:
Resolution Total Votes Cast For Against Abstained
Number % Number %
22. Amendments to Rio Tinto Limited's Constitution - approval of amendments that 219,629,731 219,073,245 99.75 556,486 0.25 294,164
constitute Class Rights Actions
Table 3
The following resolutions were put to Rio Tinto plc shareholders only and
carried at the Rio Tinto plc meeting held on 4 April 2024. Resolution 23 was
carried as an ordinary resolution and Resolutions 24 to 26 as special
resolutions. In accordance with the UK Listing Authority's Listing Rule 9.6.2,
copies of all the resolutions passed by Rio Tinto plc shareholders, other than
ordinary business, have been submitted to the National Storage Mechanism and
are available for inspection at National Storage Mechanism | FCA
(https://urldefense.com/v3/__https:/data.fca.org.uk/*/nsm/nationalstoragemechanism__;Iw!!PUVePWy_yMB-Yi4!BwWgYb5PMBDRTPvInMxXsMoFOrfuxKPBhSuTzTBY162uAdSTzzrxvYaVwMiSLjD8JKAm5L6nu5GLbPNBZdNGmkhEmmpadRzoYDM$)
. The results of the polls were as follows:
Resolution Total Votes Cast For Against Withheld
Number % Number %
23. General authority to allot shares 911,184,492 887,785,537 97.43 23,398,955 2.57 1,633,236
24. Disapplication of pre-emption rights 910,434,476 902,134,044 99.09 8,300,432 0.91 2,383,252
25. Authority to purchase Rio Tinto plc shares 911,498,039 725,457,319 79.59 186,040,720 20.41 1,319,689
26. Notice period for general meetings other than annual general meetings 910,959,705 874,731,354 96.02 36,228,351 3.98 1,858,020
Resolution 25 '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 25.
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.
Table 4
Resolutions 23 to 24 below were put to Rio Tinto Limited shareholders only.
Resolution 23 was carried as a special resolution and resolution 24 was
carried as an ordinary resolution. The results of the polls were as follows:
Resolution Total Votes Cast For Against Abstained
Number % Number %
23. Amendments to Rio Tinto Limited's Constitution - general updates and changes 219,606,721 218,989,136 99.72 617,585 0.28 316,030
24. Renewal of on-market share buy-back authority 219,654,207 216,259,337 98.45 3,394,870 1.55 268,882
LEI: 213800YOEO5OQ72G2R82
Classification: 3.1. Additional regulated information required to be disclosed
under the laws of a Member State
Contacts
Please direct all enquiries to media.enquiries@riotinto.com
Media Relations, Media Relations, Media Relations,
United Kingdom Australia Americas
Matthew Klar Matt Chambers Simon Letendre
M +44 7796 630 637 M +61 433 525 739 M +1 514 796 4973
David Outhwaite Jesse Riseborough Malika Cherry
M +44 7787 597 493 M +61 436 653 412 M +1 418 592 7293
Alyesha Anderson Vanessa Damha
M +61 434 868 118 M +1 514 715 2152
Michelle Lee
M +61 458 609 322
Investor Relations, Investor Relations,
United Kingdom Australia
David Ovington Tom Gallop
M +44 7920 010 978 M +61 439 353 948
Laura Brooks Amar Jambaa
M +44 7826 942 797 M +61 472 865 948
Rio Tinto plc Rio Tinto Limited
6 St James's Square Level 43, 120 Collins Street
London SW1Y 4AD Melbourne 3000
United Kingdom Australia
T +44 20 7781 2000 T +61 3 9283 3333
Registered in England Registered in Australia
No. 719885 ABN 96 004 458 404
This announcement is authorised for release to the market by Andy Hodges, Rio
Tinto's Group Company Secretary.
riotinto.com
Appendix 1
FINAL PROXY POSITION
Shareholders are encouraged to look at the voting figures provided in the main
part of this announcement, as proxy figures may not be an accurate indication
of the voting at the annual general meetings; a proxy is an authority or
direction to the proxy holder to vote and not a vote itself.
References in this appendix in respect of resolutions 1-21 to an appointment
specifying that a proxy abstain on a resolution should, when referring to
voting at Rio Tinto plc's annual general meeting, be taken as references to
the appointment specifying that the proxy withhold from voting on a
resolution.
The proxy position for each company (excluding the proxy votes carried from
one meeting to the other meeting by the Special Voting Shares in accordance
with the DLC structure) on the resolutions put to both Rio Tinto plc and Rio
Tinto Limited shareholders under the joint electoral procedure was as follows:
PROXY POSITION FOR RIO TINTO PLC AND RIO TINTO LIMITED ON JOINT DECISIONS Rio Tinto plc Rio Tinto Limited
1. Receipt of the 2023 Annual Report
Total number of proxy votes exercisable by all proxies validly appointed: 910,013,057 218,103,781
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 905,647,298 215,484,957
(ii) was to vote against the resolution 4,152,146 639,082
(iii) was to abstain on the resolution 2,779,192 1,748,401
(iv) may vote at the proxy's discretion 213,613 1,979,742
2. Approval of the Remuneration Policy
Total number of proxy votes exercisable by all proxies validly appointed: 909,556,086 219,624,997
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 883,931,120 212,721,536
(ii) was to vote against the resolution 25,409,869 4,967,163
(iii) was to abstain on the resolution 3,236,204 225,316
(iv) may vote at the proxy's discretion 215,097 1,936,298
3. Approval of the Directors' Remuneration Report: Implementation Report
Total number of proxy votes exercisable by all proxies validly appointed: 905,308,476 219,396,614
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 879,541,138 212,428,601
(ii) was to vote against the resolution 25,551,827 5,025,931
(iii) was to abstain on the resolution 7,483,595 455,350
(iv) may vote at the proxy's discretion 215,511 1,942,082
4. Approval of the Directors' Remuneration Report
Total number of proxy votes exercisable by all proxies validly appointed: 905,317,058 219,406,056
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 879,162,957 212,364,432
(ii) was to vote against the resolution 25,939,366 5,090,613
(iii) was to abstain on the resolution 7,475,103 446,248
(iv) may vote at the proxy's discretion 214,735 1,951,011
5. Increase to Non-Executive Directors' Fee Cap
Total number of proxy votes exercisable by all proxies validly appointed: 911,371,204 219,641,670
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 906,965,365 215,558,398
(ii) was to vote against the resolution 4,191,071 2,137,028
(iii) was to abstain on the resolution 1,419,622 208,327
(iv) may vote at the proxy's discretion 214,768 1,946,244
6. To elect Dean Dalla Valle as a Director
Total number of proxy votes exercisable by all proxies validly appointed: 911,486,056 219,565,145
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 903,275,774 215,405,246
(ii) was to vote against the resolution 7,991,612 2,147,864
(iii) was to abstain on the resolution 1,303,793 286,319
(iv) may vote at the proxy's discretion 218,670 2,012,035
7. To elect Susan Lloyd-Hurwitz as a Director
Total number of proxy votes exercisable by all proxies validly appointed: 911,488,527 219,590,335
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 908,901,113 216,655,906
(ii) was to vote against the resolution 2,370,010 959,715
(iii) was to abstain on the resolution 1,302,822 260,347
(iv) may vote at the proxy's discretion 217,404 1,974,714
8. To elect Martina Merz as a Director
Total number of proxy votes exercisable by all proxies validly appointed: 911,484,659 219,582,736
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 910,716,119 217,234,562
(ii) was to vote against the resolution 550,127 363,282
(iii) was to abstain on the resolution 1,306,690 267,602
(iv) may vote at the proxy's discretion 218,413 1,984,892
9. To elect Joc O'Rourke as a Director
Total number of proxy votes exercisable by all proxies validly appointed: 911,448,618 219,567,789
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 906,592,103 215,703,573
(ii) was to vote against the resolution 4,636,676 1,866,098
(iii) was to abstain on the resolution 1,341,231 284,393
(iv) may vote at the proxy's discretion 219,839 1,998,118
10. To re-elect Dominic Barton BBM as a Director
Total number of proxy votes exercisable by all proxies validly appointed: 909,280,716 219,596,628
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 868,550,874 211,347,512
(ii) was to vote against the resolution 40,512,108 6,261,473
(iii) was to abstain on the resolution 3,509,129 255,553
(iv) may vote at the proxy's discretion 217,734 1,987,643
11. To re-elect Peter Cunningham as a Director
Total number of proxy votes exercisable by all proxies validly appointed: 909,112,438 218,972,866
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 900,000,747 215,625,812
(ii) was to vote against the resolution 8,895,812 1,347,141
(iii) was to abstain on the resolution 3,677,410 879,316
(iv) may vote at the proxy's discretion 215,879 1,999,913
12. To re-elect Simon Henry as a Director
Total number of proxy votes exercisable by all proxies validly appointed: 910,199,014 219,594,812
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 885,742,953 214,376,246
(ii) was to vote against the resolution 24,238,907 3,200,206
(iii) was to abstain on the resolution 2,590,834 254,506
(iv) may vote at the proxy's discretion 217,154 2,018,360
13. To re-elect Kaisa Hietala as a Director
Total number of proxy votes exercisable by all proxies validly appointed: 910,486,564 219,610,946
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 884,639,627 213,650,032
(ii) was to vote against the resolution 25,627,446 3,967,067
(iii) was to abstain on the resolution 2,304,784 241,235
(iv) may vote at the proxy's discretion 219,491 1,993,847
14. To re-elect Sam Laidlaw as a Director
Total number of proxy votes exercisable by all proxies validly appointed: 910,472,574 219,596,122
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 880,596,869 211,887,980
(ii) was to vote against the resolution 29,658,873 5,710,288
(iii) was to abstain on the resolution 2,317,274 256,059
(iv) may vote at the proxy's discretion 216,832 1,997,854
15. To re-elect Jennifer Nason as a Director
Total number of proxy votes exercisable by all proxies validly appointed: 911,476,638 219,614,032
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 890,328,711 214,856,479
(ii) was to vote against the resolution 20,931,628 2,753,039
(iii) was to abstain on the resolution 1,314,710 238,149
(iv) may vote at the proxy's discretion 216,299 2,004,514
16. To re-elect Jakob Stausholm as a Director
Total number of proxy votes exercisable by all proxies validly appointed: 911,460,453 219,630,667
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 898,549,215 216,032,046
(ii) was to vote against the resolution 12,693,549 1,601,520
(iii) was to abstain on the resolution 1,330,276 220,948
(iv) may vote at the proxy's discretion 217,689 1,997,101
17. To re-elect Ngaire Woods CBE as a Director
Total number of proxy votes exercisable by all proxies validly appointed: 910,451,962 219,602,788
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 884,156,395 213,646,592
(ii) was to vote against the resolution 26,075,351 3,963,930
(iii) was to abstain on the resolution 2,337,886 249,393
(iv) may vote at the proxy's discretion 220,216 1,992,266
18. To re-elect Ben Wyatt as a Director
Total number of proxy votes exercisable by all proxies validly appointed: 909,060,203 218,973,819
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 890,234,078 214,816,708
(ii) was to vote against the resolution 18,610,134 2,161,760
(iii) was to abstain on the resolution 3,729,642 878,362
(iv) may vote at the proxy's discretion 215,991 1,995,351
19. Re-appointment of auditors
Total number of proxy votes exercisable by all proxies validly appointed: 910,894,200 219,658,453
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 906,426,893 217,455,924
(ii) was to vote against the resolution 4,241,168 203,349
(iii) was to abstain on the resolution 1,896,686 193,729
(iv) may vote at the proxy's discretion 226,139 1,999,180
20. Remuneration of auditors
Total number of proxy votes exercisable by all proxies validly appointed: 910,805,946 219,610,083
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 909,705,096 217,202,478
(ii) was to vote against the resolution 883,365 410,162
(iii) was to abstain on the resolution 1,981,742 242,099
(iv) may vote at the proxy's discretion 217,485 1,997,443
21. Authority to make political donations
Total number of proxy votes exercisable by all proxies validly appointed: 907,472,595 219,658,685
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 897,629,090 215,405,333
(ii) was to vote against the resolution 9,627,597 2,314,026
(iii) was to abstain on the resolution 5,298,046 192,839
(iv) may vote at the proxy's discretion 215,908 1,939,326
PROXY POSITION FOR MATTERS DECIDED BY RIO TINTO PLC AND RIO TINTO LIMITED Rio Tinto plc Rio Tinto Limited
VOTING AS SEPARATE ELCTORATES
22. Amendments to Rio Tinto Limited's Constitution - approval of amendments
that constitute Class Rights Actions
Total number of proxy votes exercisable by all proxies validly appointed: 910,856,055 219,559,931
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 909,403,957 217,023,690
(ii) was to vote against the resolution 1,222,079 536,094
(iii) was to abstain on the resolution 1,935,835 292,251
(iv) may vote at the proxy's discretion 230,019 2,000,147
PROXY POSITION FOR RIO TINTO PLC ONLY MATTERS - RESOLUTIONS FROM MEETING HELD Rio Tinto plc
ON 4 APRIL 2024
23. General authority to allot shares
Total number of proxy votes exercisable by all proxies validly appointed: 911,160,338
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 887,538,994
(ii) was to vote against the resolution 23,401,311
(iii) was to abstain on the resolution 1,632,236
(iv) may vote at the proxy's discretion 220,033
24. Disapplication of pre-emption rights
Total number of proxy votes exercisable by all proxies validly appointed: 910,413,760
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 901,890,433
(ii) was to vote against the resolution 8,300,377
(iii) was to abstain on the resolution 2,378,814
(iv) may vote at the proxy's discretion 222,950
25. Authority to purchase Rio Tinto plc shares
Total number of proxy votes exercisable by all proxies validly appointed: 911,473,885
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 725,219,244
(ii) was to vote against the resolution 186,037,049
(iii) was to abstain on the resolution 1,318,485
(iv) may vote at the proxy's discretion 217,592
26. Notice period for general meetings other than annual general meetings
Total number of proxy votes exercisable by all proxies validly appointed: 910,935,755
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 874,488,318
(ii) was to vote against the resolution 36,228,290
(iii) was to abstain on the resolution 1,856,816
(iv) may vote at the proxy's discretion 219,147
PROXY POSITION FOR RIO TINTO LIMITED ONLY MATTERS - RESOLUTIONS FROM MEETING Rio Tinto Limited
HELD ON 2 MAY 2024
23. Amendments to Rio Tinto Limited's Constitution - general updates and
changes
Total number of proxy votes exercisable by all proxies 219,557,288
validly appointed:
Total number of proxy votes in respect of which the
appointments specified that the proxy:
(i) was to vote for the resolution 216,950,592
(ii) was to vote against the resolution 617,560
(iii) was to abstain on the resolution 293,750
(iv) may vote at the proxy's discretion 1,989,136
24. Renewal of on-market share buy-back authority
Total number of proxy votes exercisable by all proxies validly appointed: 219,582,668
Total number of proxy votes in respect of which the appointments specified
that the proxy:
(i) was to vote for the resolution 214,218,453
(ii) was to vote against the resolution 3,391,708
(iii) was to abstain on the resolution 268,370
(iv) may vote at the proxy's discretion 1,972,507
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