Rio Tinto PLC Director/PDMR Shareholding (1458D)

TIDMRIO

RNS Number : 1458D

Rio Tinto PLC

24 April 2017

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

24 April 2017

Rio Tinto plc notifies the London Stock Exchange (LSE) of PDMR/KMP interests in securities of Rio Tinto plc, in compliance with the EU Market Abuse Regime Article 19 (3). 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.

Global Employee Share Plan (GESP)

Under the GESP employees are able to purchase on a quarterly basis Rio Tinto plc ordinary shares of 10p each ('shares'), Rio Tinto plc ADRs or Rio Tinto Limited ordinary shares ('shares') out of monthly deductions from salary and are allocated an equivalent number of shares or ADRs free of charge ('matching shares' and 'matching ADRs') conditional upon satisfying the terms of the GESP. The matching shares or matching ADRs are subject to a three year holding period, and vest after this period. 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.

The following PDMR/KMPs elected to receive the vested matching shares under the GESP in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.

 
 Security    Name of                 No:            No:        No:       Price        No:          Date of 
              PDMR/KMP                of Matching    of         of        per Share    of Shares    transaction 
                                      Shares         Shares     Shares                 Retained 
                                      Granted        Vested*    Sold 
----------  ----------------------  -------------  ---------  --------  -----------  -----------  ------------- 
 Rio 
  Tinto 
  plc        Jacques,                                                    30.305 
  shares      Jean-Sébastien    11.4503        12.9039    5.4197     GBP         7.4842       20/04/2017 
----------  ----------------------  -------------  ---------  --------  -----------  -----------  ------------- 
 Rio 
  Tinto 
  Limited    Farrell,                                                    59.25 
  shares      Joanne                 22.0783        24.91      12.2060    AUD         12.704       20/04/2017 
----------  ----------------------  -------------  ---------  --------  -----------  -----------  ------------- 
 Rio 
  Tinto 
  Limited    McIntosh,                                                   59.25 
  shares      Stephen                22.0783        24.91      12.2060    AUD         12.704       20/04/2017 
----------  ----------------------  -------------  ---------  --------  -----------  -----------  ------------- 
 

*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 GESP plan rules.

These were non-discretionary transactions.

FCA notifications in accordance with the EU Market Abuse Regime have been issued to the London Stock Exchange contemporaneously with this release.

 
Steve Allen Company Secretary  Tim Paine 
                                Joint Company Secretary 
Rio Tinto plc                  Rio Tinto Limited 
 6 St James's Square            120 Collins Street 
 London SW1Y 4AD                Melbourne 3000 
 United Kingdom                 Australia 
 
 T [phone]             T [phone] 
 Registered in England          Registered in Australia 
 No. 719885                     ABN 96 004 458 404 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 24, 2017 09:11 ET (13:11 GMT)