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RIO Rio Tinto Plc

68.79
0.51 (0.75%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Rio Tinto Plc NYSE:RIO NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.51 0.75% 68.79 69.12 68.42 68.96 3,193,760 01:00:00

Takeover Panel Member Guy Elliott Resigns Following SEC Charges

20/10/2017 10:37am

Dow Jones News


Rio Tinto (NYSE:RIO)
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By Carlo Martuscelli

 

U.K. regulator the Takeover Panel announced on Friday that Guy Elliott has resigned from his position as a member of the regulatory body.

The panel--which is tasked with overseeing the administration of takeover and mergers of London-listed companies--cited legal proceedings related to his former role as chief financial officer at Rio Tinto PLC (RIO.LN). The proceedings were brought forward by the U.K. Securities and Exchange Commission, the panel added.

On Wednesday, Rio Tinto announced that the SEC had filed a civil complaint of fraud against it regarding the impairment of subsidiary Rio Tinto Coal Mozambique in the mining company's year-end accounts.

Mr. Elliott has also resigned from his position as non-executive director at Royal Dutch Shell PLC (RDSA.LN).

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

October 20, 2017 05:22 ET (09:22 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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