Director/PDMR Shareholding

RNS Number : 4640I

Rio Tinto PLC

25 March 2015

 



 

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

Rio Tinto Bonus Deferral Plan ("BDP")

Rio Tinto Performance Share Plan ("PSP")

 

25 March 2015

Rio Tinto plc notifies the London Stock Exchange (LSE) of PDMR/KMP interests in securities of Rio Tinto plc, in compliance with the UK Financial Conduct Authority's Disclosure and Transparency Rule 3.1.  As part of its dual listed company structure, Rio Tinto voluntarily notifies the Australian Securities Exchange (ASX) of such dealings. Rio Tinto also notifies both ASX and LSE of all dealings by PDMR/KMP in Rio Tinto Limited securities.

The Remuneration committee has approved a 50% bonus deferral for members of the Executive committee under the BDP.  All bonus deferrals are in Rio Tinto plc shares of 10p each or Rio Tinto Limited shares ("shares") valued using the five day average price of shares between 16 and 20 March 2015 which will vest on the basis of service at 1 December 2017.

The PSP is a performance share plan which provides participants with the conditional right, subject to performance conditions being met, to receive shares. The value of the shares is determined by taking the average of the middle market quotations from the LSE or ASX for each Friday in the year immediately preceding the commencement of the relevant performance period. The awards granted in 2015 will be measured against the performance conditions after five years (as at the end of 2019).

The following PDMR/KMP were awarded the following on 23 March 2015:

	Rio Tinto plc		Rio Tinto Limited
PDMR/KMP	No. of shares awarded under BDP at £28.624 per share	No. of shares awarded under PSP at £31.935 per share	No. of shares awarded under BDP at AUD 58.13 per share	No. of shares awarded under PSP at AUD 62.074 per share
Bague, Hugo	12,354	66,516	-	-
Barrios, Alfredo	8,931	66,390	-	-
Davies, Alan	12,493	71,019	-	-
Harding, Andrew	12,093	75,083	-	-
Jacques, Jean-Sébastien	13,781	72,768	-	-
Lilleyman, Greg	-	-	9,321	50,101
Lynch, Christopher	26,066	112,620	-
Valentine, Debra	12,227	52,942	-	-

Sam Walsh has also received BDP and PSP awards on the same date.  The requisite Appendix 3Y (Change of Director's Interest Notice) announcement will be made to the ASX, following which a further announcement will be made to the LSE regarding Mr Walsh's awards.

This announcement is made in compliance with the UK Financial Conduct Authority's Disclosure and Transparency Rule 3.1.

Vaughn Walton Assistant Company Secretary	Tim Paine Joint Company Secretary
Rio Tinto plc 2 Eastbourne Terrace London W2 6LG United Kingdom T [phone] Registered in England No. 719885	Rio Tinto Limited 120 Collins Street Melbourne 3000 Australia T [phone] Registered in Australia ABN 96 004 458 404

 

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