Director/PDMR Shareholding

RNS Number : 6806B
Rio Tinto PLC
22 February 2011
 



Rio Tinto plc

Director/PDMR Shareholding

22 February 2011

 

 

 

 

 

 

 

Rio Tinto Mining Companies Comparative Plan ("MCCP")

Rio Tinto Management Share Plan ("MSP")

 

 

The MCCP is a performance based share plan which provides participants with the conditional right, subject to performance conditions being met, to receive ordinary shares of 10p each ("shares"). 

 

The MSP is a service based award which provides participants with an award of shares which vests subject to continuous employment.

 

At the time of vesting, participants in these share plans can elect to receive their awards for nil consideration either as shares or as cash from the proceeds of a sale of shares.

 

Rio Tinto plc announces that, on 21 February 2011, Tom Albanese and Jacynthe Coté, persons discharging managerial responsibility ("PDMR's") of the Company, received their vested awards in the form of shares of which sufficient were sold to pay applicable withholding tax and other deductions.

 

MCCP

Name

Conditional Award Granted

No of Shares Lapsed

No of Shares Vested

No of Shares

        Sold

Sale

Price

per Share

No of Shares Retained

Tom Albanese

53,412

33,971

19,441

10,302

£43.330

9,139

 

MSP

Name

Conditional Award Granted

Dividend Shares Entitlement

No of

Shares Vested

No of

Shares

Sold

Sale

Price

per Share

No of

Shares Retained

Jacynthe Coté

7,296

197

7,493

3,698

£43.811

3,795

 

This announcement is made in accordance with the requirements of the Financial Services Authority Disclosure and Transparency Rules 3.1.2 to 3.1.4.

 

 

 

 

 

For further information, please contact:

 

Secretarial Department

Pat Sims

Office: +44 (0) 20 7781 1910

 

Website: www.riotinto.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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