REG - Rio Tinto - Director/PDMR Shareholding

Rio TintoAnnouncement

28/02/2022 16:00

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RNS Number : 0726D  Rio Tinto PLC  28 February 2022

 

 

28 February 2022

 

Shareholdings of persons discharging managerial responsibility (PDMR) / Key
Management Personnel (KMP)

 

As part of its dual listed company structure, Rio Tinto notifies dealings in
Rio Tinto plc and Rio Tinto Limited securities by PDMR/KMP 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 a
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 2017 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 24 February 2022. The remaining third of the PSA
granted in 2017 will vest on 31 May 2022 once the relative EBIT margin
performance has been established.

 

On 24 February 2022, the following PDMR/KMP 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/KMP   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    Baatar, Bold       85,174                     56,782            0                     74,824                 35,731              GBP 54.939834    39,093                  24/02/2022

 plc shares
 Rio Tinto    Barrios, Alfredo   91,721                     61,147            0                     80,576                 37,168              GBP 54.939834    43,408                  24/02/2022

 plc shares
 Rio Tinto    Cunningham, Peter  20,538                     13,692            0                     18,042                 8,616               GBP 54.939834    9,426                   24/02/2022

 plc shares
 Rio Tinto    Kaufman, Sinead    10,989                     7,326             0                     9,334                  4,581               AUD 115.1346     4,753                   24/02/2022

 Limited

 shares
 Rio Tinto    Kaufman, Sinead**  4,848                      4,848             0                     6,028                  2,957               AUD 115.1346     3,071                   24/02/2022

 Limited

 shares
 Rio Tinto    Trott, Simon       8,085                      5,390             0                     6,867                  0                   AUD 115.1346     6,867                   24/02/2022

 Limited

 shares
 Rio Tinto    Vella, Ivan        8,149                      5,432             0                     6,921                  1,131               AUD 115.1346     5,790                   24/02/2022

 Limited

 shares

*The number of shares vested includes additional shares calculated to reflect
dividends declared during the vesting period.

**This award was granted in 2018 under the 2018 Equity Incentive Plan.

 

 

Management Share Awards ("MSA") granted under the Rio Tinto 2018 Equity
Incentive Plan

 

The MSA provides participants with a conditional right to receive Rio Tinto
plc or Rio Tinto Limited shares, subject to continuous employment.

 

On 24 February 2022, the following PDMR/KMP 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    Cunningham, Peter  3,244                      3,913                  1,869               GBP 54.939834    2,044                   24/02/2022

 plc shares
 Rio Tinto    Kaufman, Sinead    3,145                      3,710                  1,821               AUD 115.1346     1,889                   24/02/2022

 Limited

 shares
 Rio Tinto    Vella, Ivan        2,856                      3,369                  616                 AUD 115.1346     2,753                   24/02/2022

 Limited

 shares

*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: 3.1. Information disclosed under article 19 of the Market
Abuse Regulation.

 

 

 Contacts  Please direct all enquiries to media.enquiries@riotinto.com

 

 Media Relations, UK         Media Relations, Australia

 Illtud Harri                Jonathan Rose

 M +44 7920 503 600          M +61 447 028 913

 David Outhwaite             Matt Chambers

 M +44 7787 597 493          M +61 433 525 739

 Media Relations, Americas   Jesse Riseborough

 Matthew Klar                M +61 436 653 412

 T +1 514 608 4429

                             Investor Relations, Australia

 Investor Relations, UK      Natalie Worley

 Menno Sanderse              M +61 409 210 462

 M: +44 7825 195 178

                             Amar Jambaa

 David Ovington              M +61 472 865 948

 M +44 7920 010 978

 Clare Peever

 M +44 7788 967 877

 Rio Tinto plc               Rio Tinto Limited

 6 St James's Square         Level 7, 360 Collins Street

London SW1Y 4AD

United Kingdom             Melbourne 3000

 T +44 20 7781 2000          Australia

Registered in England

 No. 719885

                             T +61 3 9283 3333

                             Registered in Australia

                             ABN 96 004 458 404

 

This announcement is authorised for release to the market by Steve Allen, Rio
Tinto's Group Company Secretary.

 

riotinto.com

 

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