Director/PDMR Shareholding
Rio Tinto PLC
11 March 2008
Rio Tinto plc
11 March 2008
Rio Tinto Share Option Plan ('SOP') and
Rio Tinto Mining Companies Comparative Plan ('MCCP')
The SOP is a discretionary share option plan under which eligible employees are
granted an option to purchase a number of Rio Tinto plc shares in the future at
a price set at the date of grant provided certain performance conditions are
met.
The MCCP is a performance share plan which provides participants with the
conditional right, subject to performance conditions being met, to receive
shares in the Company of 10p each ('ordinary shares').
Rio Tinto plc announces that, on 10 March 2008 in London, the following persons
discharging managerial responsibility ('PDMRs') of the Company were each granted
options over ordinary shares at a price of £57.232 under the Rio Tinto Share
Option Plan 2004. In addition, conditional share awards over ordinary shares
under the MCCP at a price fixed at time of vesting were awarded, as detailed in
the table below:
No. of options acquired under SOP No. of conditional share awards acquired
under the MCCP
Tom Albanese 73,561 49,040
Preston Chiaro 29,354 19,569
Bret Clayton 28,342 18,894
Guy Elliott 36,503 25,552
Dick Evans 60,733 40,489
Keith Johnson 22,696 15,887
The period during which the SOP options granted in 2008, as above, may be
exercised is 10 March 2011 and 10 March 2018. Conditional awards under the MCCP
are subject to performance conditions and the performance period ends on 31
December 2011.
Total number of shares over which options or conditional awards are held
following notification:
Rio Tinto Rio Tinto Total share MCCP Total conditional
options share awards
Share Savings Plan Share
Option Plan
Tom Albanese* 791 742,423 743,214 194,122 194,122
Preston Chiaro* 298 290,324 290,622 121,781 121,781
Bret Clayton* 163 97,813 97,976 63,766 63,766
Guy Elliott* 1,431 444,417 445,848 148,140 148,140
Dick Evans 0 60,733 60,733 40,489 40,489
Keith Johnson* 456 180,296 180,752 95,756 95,756
* The above PDMRs also have an interest in 879 shares as potential
beneficiaries of the Rio Tinto Employee Share Ownership Trust.
This announcement is made in accordance with the requirements of the Financial
Services Authority Disclosure and Transparency Rules 3.1.2 to 3.1.4.
Enquiries: Mr M Whyte
Assistant Secretary
Rio Tinto plc
Tel: 020 7781 1629
This information is provided by RNS
The company news service from the London Stock Exchange