Director/PDMR Shareholding

RNS Number : 4577R

Rio Tinto PLC

08 March 2016

 

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

 

8 March 2016

Rio Tinto voluntarily notifies the 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. 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 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 4 March 2016 Rio Tinto plc was notified that on 4 March 2016 the following PDMR elected to receive his vested PSP award in the form of shares, for nil consideration.

Security	Name of PDMR/KMP	Conditional Award Granted	No. of Shares Lapsed	No. of Shares Vested	No. of Shares Sold	No. of Shares Retained
Rio Tinto Limited	Lilleyman, Greg	5,585	1,933	3,652	0	3,652

Management Share Plan ("MSP")

The MSP is a service based award which provides the 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 4 March 2016 Rio Tinto Limited was notified that on 4 March 2016 the following KMP elected to receive his vested MSP award as cash from the proceeds of the sale of shares.

Security	Name of PDMR/KMP	Conditional Award Granted	No. of Shares Vested*	No. of Shares Sold	Price per Share AUD	No. of Shares Retained
Rio Tinto Limited	Lilleyman, Greg	4,598	5,278	5,278	44.837807	0

*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.

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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