Director/PDMR Shareholding

RNS Number : 8106R

Rio Tinto PLC

16 September 2014

 



Rio Tinto plc

Director/PDMR Shareholding

16 September 2014

Rio Tinto Performance Share Plan ("PSP")

Rio Tinto Management Share Plan ("MSP")

Rio Tinto was notified on 15 September 2014 that on 15 September 2014, the Remuneration Committee approved a grant of 43,568 ordinary shares of 10p each ("ordinary shares") under the PSP to Alfredo Barrios, Chief Executive Officer Rio Tinto Alcan.

The PSP is a performance share plan which provides participants with the conditional right, subject to performance conditions being met, to receive ordinary shares.  The awards granted in 2014 will be measured against the performance conditions after five years (at the end of 2018).

Mr Barrios has also been granted an award of 5,278 ordinary shares under the MSP, as agreed compensation for long term incentives forfeited when leaving his previous employer. This award will vest on 31 October 2014, in keeping with the vesting schedule of the forfeited award. At the time of vesting, Mr Barrios can elect to receive the vested MSP award for nil consideration either as shares or as cash from the proceeds of a sale of shares.

This announcement is made in accordance with the requirements of the Financial Conduct Authority's Disclosure and Transparency Rules 3.1.2 to 3.1.4.

For further information, please contact:

Enquiries:         

Vaughn Walton

Assistant Company Secretary

Rio Tinto plc

Tel: [phone]

Website: www.riotinto.com

 

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