Director/PDMR Shareholding

RNS Number : 7289F
Rio Tinto PLC
28 May 2013
 



Rio Tinto plc

Director/PDMR Shareholding

28 May 2013

 

 

 

 

 

Rio Tinto Bonus Deferral Plan ("BDP")

Rio Tinto Performance Share Plan ("PSP")

 

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 18 and 22 March 2013 which vest on the basis of service at 1 December 2015.

 

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").

 

Rio Tinto plc announces that, on 27 May 2013, the following Persons Discharging Managerial Responsibility (PDMRs) were awarded the following:

 

 

No of shares awarded under BDP

No of shares awarded under PSP

Hugo Bague

6,945

58,589

Preston Chiaro

4,105

46,301

Jacynthe Côté

             2,050

54,593

Andrew Harding

             7,870

71,095

Jean-Sébastien Jacques

             2,113

51,365

Harry Kenyon-Slaney

             8,128

66,707

Christopher Lynch

                    0

104,169

Debra Valentine

             7,173

52,549

 

Awards under the PSP are subject to performance conditions.  For 2013 awards only, 50% of the awards granted will be measured against the performance conditions after four years (at the end of 2016) and 50% of the awards granted will be measured against the performance conditions after five years (at the end of 2017).

 

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: +44 (0) 20 7781 1910

 

Website: www.riotinto.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSEVLFLXEFEBBX

Companies

Rio Tinto (RIO)
UK 100