Director/PDMR Shareholding

RNS Number : 6782X
Rio Tinto PLC
17 February 2012
 



Rio Tinto plc

Director/PDMR Shareholding

17 February 2012

 

 

 

 

 

 

 

Rio Tinto Performance Share Plan ("PSP")

Rio Tinto Management Share Plan ("MSP")

 

 

 

 

The PSP is a performance based share plan which provides participants with the conditional right, subject to performance conditions being met, to receive ordinary shares of 10p each ("shares"). 

 

The MSP is a service based award which provides participants with an award of 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.

 

At the time of vesting, participants in these share plans can elect to receive their awards for nil consideration either as shares or as cash from the proceeds of a sale of shares.

 

Rio Tinto plc announces that, on 16 February 2012, Hugo Bague, a person discharging managerial responsibility ("PDMR") of the Company, received his vested awards in the form of shares of which sufficient were sold to pay applicable withholding tax and other deductions.

 

MSP

 

Conditional Award Granted

Dividend Shares Entitlement

No of

Shares Vested

No of

Shares Sold

Sale Price

per Share

No of Shares Retained

16,769

562

17,331

9,220

£35.8715

8,111

 

PSP

 

Conditional Award Granted

No of Shares Lapsed

No of Shares Vested

No of Shares

        Sold

Sale

Price

per Share

No of Shares Retained

14,128

9,424

4,704

2,503

£35.7677

2,201

 

 

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.

 

 

 

 

 

For further information, please contact:

 

Secretarial Department

Pat Sims

Office: +44 (0) 20 7781 1910

 

Website: www.riotinto.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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