Rio Tinto PLC Director/PDMR Shareholding (9348W)

TIDMRIO

RNS Number : 9348W

Rio Tinto PLC

20 April 2023

Notice to ASX/LSE

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

20 April 2023

As part of its dual listed company structure, Rio Tinto notifies dealings in Rio Tinto plc and Rio Tinto Limited securities by PDMRs / KMPs to both the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE).

Global Employee Share Plan (myShare)

Under myShare employees can purchase, on a quarterly basis, Rio Tinto plc ordinary shares of 10p each or Rio Tinto Limited ordinary shares ('shares'). Shares are purchased out of monthly deductions from salary, and participants are allocated an equivalent number of shares free of charge ('matching shares'), conditional upon satisfying the terms of myShare. Matching shares are subject to a three-year holding period, after which they vest.

myShare vesting

On 17 April 2023, the following PDMRs / KMPs received their vested matching shares under myShare, of which sufficient were sold on 17 April 2023 to pay applicable withholding tax and other deductions.

 
 Security           Name of PDMR        Number         Number       Number       Price per      Number 
                     / KMP               of matching    of shares    of shares    share sold     of shares 
                                         shares         vested*      sold                        retained 
                                         originally 
                                         awarded 
 Rio Tinto 
  plc 
  shares            Baatar, Bold        9.6301         12.4129      5.36858      GBP 55.85989   7.04432 
                   ------------------  -------------  -----------  -----------  -------------  ----------- 
 Rio Tinto 
  plc 
  shares            Barrios, Alfredo    19.0252        24.5237      3.992851     GBP 55.85989   20.530849 
                   ------------------  -------------  -----------  -----------  -------------  ----------- 
 Rio Tinto 
  plc               Cunningham, 
  shares             Peter              9.6301         12.4129      5.36858      GBP 55.85989   7.04432 
                   ------------------  -------------  -----------  -----------  -------------  ----------- 
 Rio Tinto 
  Limited shares    Kaufman, Sinead     15.2353        18.9107      0            AUD 120.2621   18.9107 
                   ------------------  -------------  -----------  -----------  -------------  ----------- 
 Rio Tinto 
  plc               Stausholm, 
  shares             Jakob              9.6301         12.4129      5.36858      GBP 55.85989   7.04432 
                   ------------------  -------------  -----------  -----------  -------------  ----------- 
 Rio Tinto 
  Limited shares    Vella, Ivan         13.0775        16.2323      7.903751     AUD 120.2621   8.328549 
                   ------------------  -------------  -----------  -----------  -------------  ----------- 
 

*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original matching shares awarded, in accordance with the plan rules.

myShare purchase

On 17 April 2023, the following PDMRs / KMPs acquired Rio Tinto shares under myShare and were allocated the same number of matching share awards as follows:

 
 Security                Name of             Number of          Number of          Price per 
                          PDMR / KMP          shares acquired    matching shares    share 
                                                                 awarded 
 Rio Tinto plc shares    Baatar, Bold        6.753903           6.753903           GBP 55.52345 
                        ------------------  -----------------  -----------------  ------------- 
 Rio Tinto plc shares    Barrios, Alf        18.929838          18.929838          GBP 55.52345 
                        ------------------  -----------------  -----------------  ------------- 
                         Cunningham, 
 Rio Tinto plc shares     Peter              6.753903           6.753903           GBP 55.52345 
                        ------------------  -----------------  -----------------  ------------- 
 Rio Tinto Limited 
  shares                 Kaufman, Sinead     11.553966          11.553966          AUD 120.9974 
                        ------------------  -----------------  -----------------  ------------- 
 Rio Tinto plc shares    Stausholm, Jakob    6.753903           6.753903           GBP 55.52345 
                        ------------------  -----------------  -----------------  ------------- 
 Rio Tinto plc shares    Vella, Ivan         14.509905          14.509905          GBP 55.52345 
                        ------------------  -----------------  -----------------  ------------- 
 

UK Share Plan (UKSP)

The UKSP is an HMRC approved Share Incentive Plan under which qualifying UK employees can purchase, on a quarterly basis, Rio Tinto plc shares. Rio Tinto plc shares are purchased out of monthly deductions from salary, and participants are allocated an equivalent number of shares free of charge (UKSP matching shares).

On 17 April 2023, t he following PDMRs / KMPs purchased Rio Tinto plc shares under the UKSP and were allocated the same number of matching shares as follows:

 
 Name of PDMR        Number       Number            Price per 
                      of shares    of matching       share 
                      acquired     shares awarded 
 Baatar, Bold        7            7                 GBP 55.52345 
                    -----------  ----------------  ------------- 
 Stausholm, Jakob    7            7                 GBP 55.52345 
                    -----------  ----------------  ------------- 
 

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

LEI: 213800YOEO5OQ72G2R82

Classification: 3.1. Information disclosed under article 19 of the Market Abuse Regulation.

Contacts

Please direct all enquiries to [e-mail]

 
Media Relations, United     Media Relations, Australia     Media Relations, 
 Kingdom                                                    Americas 
                             Matt Chambers 
 Matthew Klar                M [phone]              Simon Letendre 
 M [phone]                                         M [phone] 
                             Jesse Riseborough 
 David Outhwaite             M [phone]              Malika Cherry 
 M [phone]                                         M [phone] 
                             Alyesha Anderson 
                             M [phone] 
Investor Relations, United  Investor Relations, Australia 
 Kingdom 
                             Tom Gallop 
 Menno Sanderse              M [phone] 
 M [phone] 
                             Amar Jambaa 
 David Ovington              M [phone] 
 M [phone] 
 
 Clare Peever 
 M [phone] 
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 [phone]          T [phone] 
 
 Registered in England       Registered in Australia 
 No. 719885                  ABN 96 004 458 404 
 

This announcement is authorised for release to the market by Steve Allen, Rio Tinto's Group Company Secretary.

riotinto.com

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April 20, 2023 10:00 ET (14:00 GMT)