Director/PDMR Shareholding

RNS Number : 3603Q
Rio Tinto PLC
26 February 2016
 

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

 

26 February 2016

 

Rio Tinto plc notifies the London Stock Exchange (LSE) of PDMR/KMP 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 its dual listed company structure, Rio Tinto voluntarily notifies the Australian Securities Exchange (ASX) of material dealings in Rio Tinto plc shares by PDMR/KMP and both ASX and the London Stock Exchange (LSE) of material dealings by PDMR/KMP in Rio Tinto Limited securities.

 

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. 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 25 February 2016 Rio Tinto plc was notified that on 25 February 2016 the following PDMR elected to receive his vested PSP 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

No: of Shares Lapsed

No: of Shares Vested

No: of Shares Sold

Price per Share

GBP

No: of Shares Retained

Rio Tinto plc

Harding, Andrew

 

22,390

7,747

14,643

7,047

18.17

7,596

 

On 18 February 2016 Rio Tinto Limited was notified that on 18 February 2016 the following KMP elected to receive his vested PSP 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

No: of Shares Lapsed

No: of Shares Vested

No: of Shares Sold

Price per Share

AUD

No: of Shares Retained

Rio Tinto Limited

Davies, Alan

 

6,663

2,306

4,357

2,100

43.16

2,257

 

 

 

 

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

6 St James's Square

London SW1Y 4AD

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
The company news service from the London Stock Exchange
 
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