Director/PDMR Shareholding

RNS Number : 1655F

Rio Tinto PLC

17 February 2015

 



 

Shareholdings of persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP) 

 

17 February 2015

Rio Tinto plc notifies the London Stock Exchange (LSE) of PDMR/KMPs interests in securities of Rio Tinto plc, in compliance with the UK Financial Conduct Authority's Disclosure and Transparency Rule 3.1.  As part of a dual listed company structure, Rio Tinto voluntarily notifies the Australian Securities Exchange (ASX) of such dealings and both ASX and LSE of all dealings by PDMR/KMPs in Rio Tinto Limited securities.

Management Share Plan ("MSP")

The MSP is a service based award which provides the Rio Tinto plc and Rio Tinto Limited participants with an award of Rio Tinto plc ordinary shares of 10p each or Rio Tinto Limited ordinary share ("shares"), which vests subject to continuous employment.  At the time of vesting, participants can elect to receive their awards for nil consideration either as shares or as cash from the proceeds of a sale of shares.

On 16 February 2015 Rio Tinto plc was notified that on 16 February 2015 the following PDMR elected to receive his vested award in the form of shares of which sufficient were sold to pay applicable withholding tax and other deductions.

Security	Name of PDMR/KMP	Conditional Award Granted on 19.3.2012	No: of Shares Vested*	No: of Shares Sold	Price per Share GBP	No: of Shares Retained
Rio Tinto plc	Jacques, Jean- Sébastien	2,875	3,142	1,344	31.461502	1,798

*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted, in accordance with the MSP plan rules.

Performance Share Plan ("PSP")

The PSP is a performance based share plan which provides the Rio Tinto plc and Rio Tinto Limited participants with the conditional right to receive Rio Tinto plc or Rio Tinto Limited shares, subject to performance conditions being met, under the terms of the Rio Tinto plc PSP and Rio Tinto Limited PSP respectively. 

On 17 February 2015 Rio Tinto plc was notified that on 16 February 2015 the following PDMR elected to receive his vested award, in the form of shares.

Security	Name of PDMR/KMP	Conditional Award Granted on 6.5.2011	No: of Shares Lapsed	No: of Shares Vested	No: of Shares Sold	Price per Share GBP	No: of Shares Retained
Rio Tinto plc	Bague, Hugo	22,943	6,080	16,863	16,863	31.30	0

Mr Bague sold all of his vested 2011 award in order to meet tax liabilities.  At the present date Mr Bague holds 60,990 Rio Tinto plc ordinary shares of 10p each.  Based on exchange rates at 16 February 2015, Mr Bague's holding of Rio Tinto shares is equivalent to four times his annual base salary.

This announcement is made in compliance with the UK Financial Conduct Authority's Disclosure and Transparency Rule 3.1.

Vaughn Walton Assistant Company Secretary	Tim Paine Joint Company Secretary
Rio Tinto plc 2 Eastbourne Terrace London W2 6LG United Kingdom T [phone] Registered in England No. 719885	Rio Tinto Limited 120 Collins Street Melbourne 3000 Australia T [phone] Registered in Australia ABN 96 004 458 404

 

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