Director/PDMR Shareholding

RNS Number : 6197H
Rio Tinto PLC
04 December 2020
 

 

Shareholdings of persons discharging managerial responsibility (PDMR)  

 

4 December 2020

 

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

 

Bonus Deferral Awards ("BDA") granted under the Rio Tinto 2018 Equity Incentive Plan

 

50% of the annual bonuses of the participating executives are delivered as BDA in the form of deferred ordinary shares of Rio Tinto plc or Rio Tinto Limited ("shares"), as applicable. The BDA vests in December of the third year after the end of the performance year to which the annual bonus relates.

 

On 1 December 2020, Rio Tinto was notified that the following PDMR received their vested 2018 BDA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.

 

Security

Name of PDMR

Conditional Award Granted

No: of Shares Vested*

No: of Shares Sold

Price per Share

No: of Shares Retained

Date of Transaction

Rio Tinto plc shares

Baatar, Bold

 

7,389

 

8,719

 

3,989

 

49.787226 GBP

4,730

 

01/12/2020

Rio Tinto plc shares

Barrios, Alfredo

10,097

 

11,914

 

6,182

 

49.787226 GBP

5,732

 

01/12/2020

Rio Tinto plc shares

Jacques, Jean-Sébastien

21,401

 

25,253

 

11,606

 

49.787226 GBP

13,647

 

01/12/2020

Rio Tinto plc shares

Soirat, Arnaud

6,328

 

7,467

 

3,417

 

49.787226 GBP

4,050

 

01/12/2020

Rio Tinto plc shares

Toth, Peter**

1,851

 

2,184

 

1,000

 

49.787226 GBP

1,184

 

01/12/2020

Rio Tinto Limited shares

Trott, Simon**

1,313

 

1,549

 

N/A

N/A

1,549

 

01/12/2020

Rio Tinto Limited shares

Vella, Ivan**

1,347

 

1,561

 

N/A

N/A

1,561

 

01/12/2020

*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted .

** Deferral was 25% of annual bonus as it related to a performance year prior to becoming a PDMR.

 

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.

 

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

 

 

Steve Allen

Group Company Secretary 

 

Tim Paine

Joint Company Secretary

Rio Tinto plc

6 St James's Square

London SW1Y 4AD

United Kingdom

 

T +44 20 7781 2000
Registered in England

No. 719885

Rio Tinto Limited

360 Collins Street

Melbourne 3000

Australia

 

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

 

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