Rio Tinto plc
18 March 2009
Rio Tinto Mining Companies Comparative Plan ('MCCP')
The MCCP is a performance share plan which provides participants with the conditional right, subject to performance conditions being met, to receive shares in the Company of 10p each ('ordinary shares'). At the time of vesting, participants may elect to receive a cash alternative to shares.
The Company announces that on 18 March 2009 it was notified that the following executive director and person discharging managerial responsibility ('PDMR') of the Company received a cash alternative to the equivalent value of his share award.
|
No of Shares Acquired |
Amount of Cash (Gross)* |
Guy Elliott |
0 |
£992,701.49 |
* Calculated on the basis of the number of vested ordinary shares under award multiplied by £21.01 being the closing middle market price on 16 March 2009. The amount of cash disclosed is prior to any applicable withholding tax and other deductions.
This announcement is made in accordance with the requirements of the Financial Services Authority Disclosure and Transparency Rules 3.1.2 to 3.1.4.
Enquires: Gemma Aldridge
Assistant Secretary
Rio Tinto plc
Tel: 020 7781 1419