Rio Tinto PLC Director/PDMR Shareholding (6796L)

TIDMRIO

RNS Number : 6796L

Rio Tinto PLC

20 April 2018

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

20 April 2018

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 Regulation. 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 the ASX and the 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'). Shares are purchased out of monthly deductions from salary and participants 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.

On 17 April 2018, the following PDMR/KMPs elected to receive the vested matching shares under the GESP in the form of shares, of which sufficient were sold on 19 April 2018 to pay applicable withholding tax and other deductions.

 
 Security    Name of                 No: of      No: of     No: of    Price        No: of 
              PDMR/KMP                Matching    Shares     Shares    per Share    Shares 
                                      Shares      Vested*    Sold      Sold         Retained 
                                      Granted 
----------  ----------------------  ----------  ---------  --------  -----------  ---------- 
 Rio 
  Tinto 
  plc        Barrios,                                                 39.624466 
  shares      Alfredo                23.6135     26.8297    11.9038    GBP          14.9259 
----------  ----------------------  ----------  ---------  --------  -----------  ---------- 
 Rio 
  Tinto 
  Limited    Farrell,                                                 81.10 
  shares      Joanne                 25.4135     28.475     13.3833    AUD         15.0917 
----------  ----------------------  ----------  ---------  --------  -----------  ---------- 
 Rio 
  Tinto 
  plc        Jacques,                                                 39.624466 
  shares      Jean-Sébastien    13.1644     14.9567    6.2819     GBP         8.6748 
----------  ----------------------  ----------  ---------  --------  -----------  ---------- 
 Rio 
  Tinto 
  Limited    McIntosh,                                                81.10 
  shares      Stephen                25.4135     28.475     13.3833    AUD         15.0917 
----------  ----------------------  ----------  ---------  --------  -----------  ---------- 
 Rio 
  Tinto 
  Limited    Trott, 
  shares      Simon                  25.4135     28.475     N/A       N/A          28.475 
----------  ----------------------  ----------  ---------  --------  -----------  ---------- 
 

*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.

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: 2.2. Inside information disclosed under article 19 of the Market Abuse Regulation

 
Steve Allen Group Company  Tim Paine 
 Secretary                  Joint Company Secretary 
Rio Tinto plc              Rio Tinto Limited 
 6 St James's Square        Level 7, 360 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

END

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April 20, 2018 11:16 ET (15:16 GMT)