Director/PDMR Shareholding

RNS Number : 5225I
Rio Tinto PLC
26 March 2015
 



Rio Tinto Limited - Change of Director's Interest Notice - Sam Walsh

 

26 March 2015

 

Rio Tinto voluntarily notifies London Stock Exchange (LSE) of directors' interests in the securities of Rio Tinto Limited and changes to those interests, as disclosed to the Australian Securities Exchange (ASX), in compliance with the ASX Listing Rules and the Australian Corporations Act.

 

The Remuneration committee has approved a 50% bonus deferral for members of the Executive committee under the BDP. All bonus deferrals are in Rio Tinto plc shares of 10p each or Rio Tinto Limited shares ("shares") valued using the five day average price of shares between 16 and 20 March 2015 (AUD 58.13) which will vest on the basis of service at 1 December 2017.

 

The PSP is a performance share plan which provides participants with the conditional right, subject to performance conditions being met, to receive shares. The value of the shares is determined by taking the average of the middle market quotations from the LSE or ASX for each Friday in the year immediately preceding the commencement of the relevant performance period (AUD 62.074). The awards granted in 2015 will be measured against the performance conditions after five years (as at the end of 2019).

 

On 26 March 2015, Rio Tinto Limited notified the ASX of the following awards for Sam Walsh, in compliance with the ASX Listing Rule 3.19A and as agent for the director, for the purposes of section 205G of the Australian Corporations Act:

 

Security

Name of the Director

Date of Award

No: of Rights awarded under BDP at AUD 58.13

per share

No: of Rights awarded under PSP at AUD 62.074

per share

Rio Tinto Limited

 

Sam Walsh

23 March 2015

29,609

138,010

 

The complete Appendix 3Y notification submitted to ASX is available at:

www.riotinto.com/regulatorynewsandfilings

 

 

 

 

 

 

 

Vaughn Walton

Assistant Company Secretary                                

 

Tim Paine

Joint Company Secretary

Rio Tinto plc

2 Eastbourne Terrace

London W2 6LG

United Kingdom

 

T +44 20 7781 1345
Registered in England

No. 719885

Rio Tinto Limited

120 Collins Street

Melbourne 3000

Australia

 

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

                                  


This information is provided by RNS
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