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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rio Tinto Plc | LSE:0KWZ | London | Ordinary Share | RIO TINTO ADR REPTG ONE ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 59.16 | 500 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 54.86B | 10.06B | 8.0090 | 6.28 | 74.3B |
TIDMRIO
RNS Number : 2858J
Rio Tinto PLC
09 December 2022
Rio Tinto acquisition of Turquoise Hill receives shareholder support
Rio Tinto has received the required support from Turquoise Hill Resources Ltd (TSX: TRQ) (NYSE: TRQ) ("Turquoise Hill") shareholders for its proposed acquisition of the approximately 49% of the issued and outstanding shares of Turquoise Hill that it does not currently own.
Given the transaction is being conducted by way of a Canadian plan of arrangement, it remains subject to the final approval of the Supreme Court of Yukon with a hearing scheduled for 14 December. Completion of the acquisition is expected in the days following court approval, after customary closing procedures.
Rio Tinto Copper Chief Executive Bold Baatar said: "We welcome the support from minority shareholders, which is a key milestone in our acquisition of TRQ. This transaction will deliver significant benefits for all shareholders, and allow us to progress the Oyu Tolgoi project in partnership with the Government of Mongolia with a simpler and more efficient governance and ownership structure."
Additional disclosures
This press release does not constitute an offer to buy or sell or the solicitation of an offer to sell or buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with registration and other requirements under applicable law.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this release, are forward-looking statements. The words "intend", "forecast", "project", "anticipate", "estimate", "plan", "believes", "expects", "may", "should", "will", "target", "pursue", "seek" or similar expressions, commonly identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Among the factors that could cause actual results to differ materially include, but are not limited to, those relating to whether the Arrangement will be consummated. Rio Tinto expressly disclaims any obligation or undertaking (except as required by applicable law, the UK Listing Rules, the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. All information provided in this press release, including the forward-looking statements herein, speak only as of the date of this press release.
This announcement contains inside information.
The person responsible for arranging and authorising the release of this announcement on behalf of Rio Tinto is Steve Allen, Group Company Secretary.
LEI: 213800YOEO5OQ72G2R82
Contacts Please direct all enquiries to media.enquiries@riotinto.com Media Relations, UK Media Relations, Australia Matthew Klar Matt Chambers M+ 44 7796 630 637 M +61 433 525 739 David Outhwaite Jesse Riseborough M +44 7787 597 493 M +61 436 653 412 Media Relations, Americas Simon Letendre M +514 796 4973 Malika Cherry M +1 418 592 7293 Investor Relations, Australia Tom Gallop Investor Relations, UK M +61 439 353 948 Menno Sanderse Amar Jambaa M: +44 7825 195 178 M +61 472 865 948 David Ovington M +44 7920 010 978 Clare Peever M +44 7788 967 877 Rio Tinto plc Rio Tinto Limited 6 St James's Square Level 43, 120 Collins Street London SW1Y 4AD Melbourne 3000 United Kingdom Australia T +61 3 9283 3333 T +44 20 7781 2000 Registered in Australia Registered in England ABN 96 004 458 404 No. 719885
riotinto.com
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ACQKZMGZNLDGZZM
(END) Dow Jones Newswires
December 09, 2022 12:58 ET (17:58 GMT)
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