Director/PDMR Shareholding

RNS Number : 4358I

Rio Tinto PLC

08 December 2015

 

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

9 December 2015

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

Rio Tinto Bonus Deferral Plan ("BDP")

Under the terms of the BDP 50% of the annual bonuses of the participating executives are delivered in deferred ordinary shares of Rio Tinto plc or Rio Tinto Limited, as applicable. The BDP Rights vests in December of the third year after the end of the performance year to which it relates.

On 9 December 2015, Rio Tinto Limited notified the ASX of the vesting of Rights under the BDP, and acquisition of Rio Tinto Limited Ordinary Shares (Shares) pursuant to the vesting by 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	BDP Rights Granted on 27 May 2013	Dividend share entitlement	No. of BDP Rights Vested	No. of Shares Sold	Sale price per Share AUD	No. of Shares Retained
Rio Tinto Limited	Sam Walsh	18,413	2,424	20,837	7,061	$43.75	13,776

Mr Walsh sold 7,061 shares by way of an on-market trade to cover the resulting tax liability associated with the vesting of the BDP Rights. 

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 6 St James's Square London SW1Y 4AD 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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