Director/PDMR Shareholding

RNS Number : 3768B

Rio Tinto PLC

16 February 2011

 



Rio Tinto plc

Director/PDMR Shareholding

16 February 2011

Rio Tinto Mining Companies Comparative Plan ("MCCP")

Rio Tinto Management Share Plan ("MSP")

Rio Tinto 2008 Bonus Deferral Plan ("BDP")

The MCCP is a performance based share plan which provides participants with the conditional right, subject to performance conditions being met, to receive ordinary shares of 10p each ("shares"). 

The MSP is a service-based award which provides participants with an award of shares which vests subject to continuous employment.  In 2009, the Remuneration committee made the decision to defer cash bonuses for senior executives under the BDP.  All bonus deferrals were in Rio Tinto shares valued on the date of grant. 

At the time of vesting, participants in these share plans can elect to receive their awards for nil consideration either as shares or as cash from the proceeds of a sale of shares.

Rio Tinto plc announces that it has today received notification that Hugo Bague, a person discharging managerial responsibility ("PDMR") of the Company, elected to receive his vested awards in the form of shares of which sufficient were sold to pay applicable withholding tax and other deductions.

MCCP

Conditional Award Granted	No of Shares Lapsed	No of Shares Vested	No of Shares Sold	Sale Price per Share	No of Shares Retained
7,305	3,244	4,061	2,113	£46.081	1,948

MSP

Conditional Award Granted	Dividend Shares Entitlement	No of Shares Vested	No of Shares Sold	Sale Price per Share	No of Shares Retained
1,826	49	1,875	980	£45.535	895

BDP

Award Granted	Dividend Shares Entitlement	No of Shares Vested	No of Shares Sold	Sale Price per Share	No of Shares Retained
2,320	31	2,351	1,228	£44.286	1,123

 

Rio Tinto Share Ownership Plan ('SOP')

The SOP is an Inland Revenue approved Share Incentive Plan under which qualifying UK employees are able to purchase ordinary shares of 10p each in the Company out of monthly deductions from salary and are allocated an equivalent number of matching shares. 

Rio Tinto plc announces that it has today received notification that the following PDMRs have purchased ordinary shares in Rio Tinto plc and were allocated the same number of shares free of charge ('matching shares') under the SOP.This was a non-discretionary transaction.

	No of shares acquired	Price per share GBP
G R Elliott	6 (3 purchased + 3 matching shares)	45.4524
H Kenyon-Slaney	6 (3 purchased + 3 matching shares)	45.4524

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.

For further information, please contact:

Secretarial Department

Pat Sims

Office: [phone]

Website: www.riotinto.com

 

END

 

 

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