Rio Tinto PLC Director/PDMR Shareholding (7982L)

TIDMRIO

RNS Number : 7982L

Rio Tinto PLC

21 July 2017

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

21 July 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,                                                    34.452855 
  shares      Jean-Sébastien    11.32          12.7059    5.3366     GBP         7.3693       19/07/2017 
----------  ----------------------  -------------  ---------  --------  -----------  -----------  ------------- 
 Rio 
  Tinto 
  Limited    Farrell,                                                    63.980105 
  shares      Joanne                 21.4878        24.0728    11.2473    AUD         12.8255      19/07/2017 
----------  ----------------------  -------------  ---------  --------  -----------  -----------  ------------- 
 Rio 
  Tinto 
  Limited    McIntosh,                                                   63.980105 
  shares      Stephen                21.4878        24.0728    11.2473    AUD         12.8255      19/07/2017 
----------  ----------------------  -------------  ---------  --------  -----------  -----------  ------------- 
 

*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 Group Company  Tim Paine 
 Secretary                  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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July 21, 2017 11:01 ET (15:01 GMT)