Director/PDMR Shareholding

RNS Number : 0136P

Rio Tinto PLC

17 March 2009

 



Rio Tinto plc

17 March 2009

Rio Tinto Share Option Plan ('SOP'),

Rio Tinto Mining Companies Comparative Plan ('MCCP') and

Rio Tinto 2008 Bonus Deferral Plan ('BDP')

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').

This year the Remuneration committee has approved a 100% bonus deferral for the executive directors and product group chief executives. All bonus deferrals are in Rio Tinto shares valued on the date of grant which vest 100 per cent on the basis of service at the end of 2011.  

Rio Tinto plc announces that, on 17 March 2009 in London, the following persons discharging managerial responsibility ('PDMRs') of the Company were each granted options over ordinary shares at a price of £20.01 per share under the SOP.  In addition, conditional awards over ordinary shares under the MCCP at a price fixed at the time of vesting were awarded and deferred shares under the BDP were awarded, as detailed below.

	No of options  granted under SOP	No of conditional shares awarded under MCCP	No of deferred shares awarded under BDP
Tom Albanese	59,504	39,669	23,361
Preston Chiaro	25,903	17,269	15,764
Jacynthe Côté	29,476	19,651	13,783
Bret Clayton	25,010	16,673	4,320
Guy Elliott	44,292	29,528	15,402
Dick Evans	53,594	35,729	19,925

The period during which the SOP options granted in 2009, as above, may be exercised is 17 March 2012 and 17 March 2019. Conditional awards under the MCCP are subject to performance conditions and the performance period ends on 31 December 2012.

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:

Gemma Aldridge Assistant Secretary Rio Tinto plc Tel: [phone]

 

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