Rio Tinto PLC Director/PDMR Shareholding (3402V)

TIDMRIO

RNS Number : 3402V

Rio Tinto PLC

20 July 2018

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

20 July 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 July 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 July 2018 to pay applicable withholding tax and other deductions.

 
 Security       Name of PDMR/KMP        No: of      No: of      No: of    Price per     No: of 
                                         Matching    Matching    Shares    Share Sold    Shares 
                                         Shares      Shares      Sold                    Retained 
                                         Granted     Vested* 
 Rio Tinto      Barrios,                                                  40.776263 
  plc shares     Alfredo                25.456      28.5433     12.6641    GBP          15.8792 
               ----------------------  ----------  ----------  --------  ------------  ---------- 
 Rio Tinto 
  Limited       Farrell, 
  shares         Joanne                 26.3674     29.2633     13.7538   80.35 AUD     15.5095 
               ----------------------  ----------  ----------  --------  ------------  ---------- 
 Rio Tinto      Jacques,                                                  40.776263 
  plc shares     Jean-Sébastien    14.335      16.073      6.7508     GBP          9.3222 
               ----------------------  ----------  ----------  --------  ------------  ---------- 
 Rio Tinto 
  Limited       McIntosh, 
  shares         Stephen                26.3674     29.2633     13.7538   80.35 AUD     15.5095 
               ----------------------  ----------  ----------  --------  ------------  ---------- 
 Rio Tinto 
  Limited 
  shares        Trott, Simon            26.3674     29.2633     N/A       N/A           29.2633 
               ----------------------  ----------  ----------  --------  ------------  ---------- 
 

*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 Secretary  Tim Paine 
                                      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 
 

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July 20, 2018 10:01 ET (14:01 GMT)