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 [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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