Director/PDMR Shareholding

RNS Number : 6977P

Rio Tinto PLC

22 February 2016

 

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

22 February 2016

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.

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 ordinary 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 ordinary shares.

On 22 February 2016, Rio Tinto Limited notified the ASX of the vesting of Rights under the PSP, and acquisition by Sam Walsh of Rio Tinto Limited Ordinary Shares (Shares) pursuant to the vesting, 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	PSP Rights Granted on 19 March 2012	No. of PSP Rights Lapsed	No. of PSP Rights Vested	No. of Shares Sold	Sale price per Share AUD	No. of Shares Retained
Rio Tinto Limited	Sam Walsh	63,540	21,985	41,555	15,075	$43.09	26,480

Mr Walsh sold 15,075 Shares by way of an on-market trade to cover the resulting tax liability associated with the vesting of the PSP 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

 

END

 

 

RDSQLLBLQLFEBBK