Director/PDMR Shareholding

RNS Number : 8210Z

Rio Tinto PLC

21 March 2012

 



Rio Tinto plc

Director/PDMR Shareholding

21 March 2012

Rio Tinto Bonus Deferral Plan ("BDP")

Rio Tinto Performance Share Plan ("PSP")

Rio Tinto Share Option Plan ("SOP")

This year the Remuneration committee approved a 50% bonus deferral for members of the Executive committee.  All bonus deferrals are in Rio Tinto shares valued using the five day average price of shares between 12 and 16 March 2012 which vest on the basis of service at 1 December 2014.

The PSP 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").

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. 

This year persons discharging managerial responsibility ("PDMRs") of the Company have been given an opportunity to express their preference as to the mix of long term incentive awards allocated to them under the PSP and SOP.  Accordingly Rio Tinto plc announces that, on 19 March 2012, the PDMRs were awarded the following:

	No of shares awarded under BDP	No of shares awarded under PSP	No of options granted under SOP at a price of £35.179 per share
Tom Albanese	N/A	54,230	81,345
Guy Elliott	N/A	37,899	56,849
Jacynthe Côté	9,096	30,056	45,084
Andrew Harding	7,096	22,390	33,585
Harry Kenyon-Slaney	6,729	22,390	33,585
Hugo Bague	7,069	22,056	33,085
Preston Chiaro	7,062	25,724	38,586
Bret Clayton	8,636	24,893	37,339
Debra Valentine	7,244	21,257	31,886

Subject to the satisfaction of certain performance conditions, the period during which the SOP options granted in 2012, as above, may be exercised is 19 March 2015 and 18 March 2022.  Awards under the PSP are subject to performance conditions for which the performance period ends on 31 December 2015.

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

 

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