Director/PDMR Shareholding

RNS Number : 4349Y
Rio Tinto PLC
21 February 2013
 



Rio Tinto plc

Director/PDMR Shareholding

21 February 2013

 

 

 

 

 

 

Rio Tinto Performance Share Plan ("PSP")

 

 

The PSP 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"). 

 

At the time of vesting, participants in the plan 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, on 20 February 2013, Jacynthe Côté, a person discharging managerial responsibility ("PDMR") of the Company, received her vested award in the form of shares of which sufficient were sold to pay applicable withholding tax and other deductions.

 

Conditional Award Granted

No of Shares Lapsed

No of Shares Vested

No of Shares

Sold

Sale

Price

per Share

No of Shares Retained

23,787

1,785

22,002

11,246

£36,899599

10,756

 

 

Rio Tinto Share Savings Plan ("SSP")

 

 

The SSP is a savings-related share option plan which is open to employees in the UK and elsewhere.  Under the plan, participants can save up to £250 per month, or equivalent in local currency, for a maximum of five years.  At the end of the savings period participants may exercise an option over shares granted at a discount of up to 20 per cent to the market value at the time of grant.  The number of options to which participants are entitled is determined by the exercise price, the savings amount and the length of the savings contract. 

 

Rio Tinto plc announces that, on 20 February 2013, the following persons discharging managerial responsibility (PDMRs) of the Company, exercised options over ordinary shares, as detailed in the table below:

 

 

PDMRs

 

Date of Grant

No of Shares Acquired

Price per Share

Hugo Bague

20 October 2009

84

£21.480

Harry Kenyon-Slaney

5 October 2007

280

£23.850

 

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
 
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