Result of Rio Tinto Limited R

RNS Number : 0782V

Rio Tinto PLC

03 July 2009

 

Result of Rio Tinto Limited Rights Issue

3 July 2009

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, THE PEOPLE'S REPUBLIC OF CHINA, HONG KONG SAR, JAPAN, PAPUA NEW GUINEA, SINGAPORE, THE REPUBLIC OF SOUTH AFRICA OR SWITZERLAND OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

On 5 June 2009 Rio Tinto announced Rights Issues consisting of a 21 for 40 Rights Issue of 524,460,478 New Rio Tinto plc Shares at 1,400 pence per share and a 21 for 40 Rights Issue of 150,015,297 New Rio Tinto Limited Shares at A$28.29 per share.

Rio Tinto announces that the Rio Tinto Limited Rights Issue closed for acceptances at 5:00 p.m. Melbourne time on Wednesday, 1 July 2009. 

Rio Tinto received valid acceptances in respect of 142,149,887 New Rio Tinto Limited Shares, representing approximately 94.76% of the total number of New Rio Tinto Limited Shares offered to Public Shareholders pursuant to the fully underwritten Rights Issue. 

The issue of New Rio Tinto Limited Shares and dispatch of confirmation statements is expected to occur on Thursday, 9 July 2009. 

It is expected that the New Rio Tinto Limited Shares will commence normal T+3 settlement trading on the Australian Securities Exchange on Friday, 10 July 2009. 

The results of the Rio Tinto plc Rights Issue shortfall placement have already been announced to ASX.

In accordance with their underwriting obligations in respect of the Rio Tinto Limited Rights Issue, Credit Suisse, J.P. Morgan and Macquarie will be seeking subscribers for the remaining 7,865,410 New Rio Tinto Limited Shares by way of a bookbuild to be undertaken today. Rio Tinto Limited will be requesting a trading halt to facilitate this process.

If you have further questions, please telephone the Rio Tinto Limited Shareholder Helpline or the Rio Tinto plc Shareholder Helpline on the numbers set out below. The helplines are available from 8.30 a.m. to 5.30 p.m. (Melbourne time and London time, respectively) Monday to Friday (except bank and other public holidays) and are expected to remain open until 24 July 2009 and 22 July 2009, respectively.

Rio Tinto Limited Shareholder Helpline 1800 813 292 (from inside Australia) [phone] (from outside Australia)

Rio Tinto plc Shareholder Helpline 0800 435 021 (from inside the UK) [phone] (from outside the UK)

Please note that, for legal reasons, the Rio Tinto Limited Shareholder Helpline and the Rio Tinto plc Shareholder Helpline are only able to provide information contained in the relevant offer documents and information relating to Rio Tinto Limited's and Rio Tinto plc's registers of members and are unable to give advice on the merits of the Rights Issues, or provide legal, financial, tax or investment advice.

About Rio Tinto

Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange. 

Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.

Credit Suisse Securities (Europe) Limited, J.P. Morgan Cazenove Limited and Macquarie Capital Advisers Limited are acting as joint global co-ordinators.

Credit Suisse Securities (Europe) Limited and J.P. Morgan Cazenove Limited are acting as joint sponsors and corporate brokers with respect to the Rights Issue for Rio Tinto plc. The Rights Issue for Rio Tinto plc is fully underwritten by Credit Suisse Securities (Europe) Limited, J.P. Morgan Securities Ltd. on behalf of its affiliate J.P. Morgan Cazenove Limited, Deutsche Bank AG, London branch and Morgan Stanley & Co International plc as joint bookrunners and Macquarie Capital (Europe) Limited, RBS Hoare Govett Limited and Société Générale SA as co-bookrunners.

The Rights Issue for Rio Tinto Limited is fully underwritten by Credit Suisse Securities (Australia) Limited, J.P. Morgan Australia Limited, Macquarie Capital Advisers Limited and RBS Equity Capital Markets (Australia) Limited as joint bookrunners and Deutsche Bank AG, Sydney branch, Morgan Stanley Australia Securities Limited and Société Générale SA as co-bookrunners.

For more information contact: 

Media Relations, Australia  Amanda Buckley Office: [phone] Mobile: [phone] Ian Head Office: [phone] Mobile: [phone]	Media Relations, London  Nick Cobban Office: [phone] Mobile: [phone] Christina Mills Office: [phone] Mobile: [phone]
Investor Relations, Australia Dave Skinner Office: [phone] Mobile: [phone] Simon Ellinor Office: [phone] Mobile: [phone]	Investor Relations, London Nigel Jones Office: [phone]  Mobile: [phone] David Ovington Office: [phone] Mobile: [phone]
Credit Suisse (Australia) Campbell Lobb Office: [phone]	Credit Suisse James Leigh-Pemberton, Tristan Lovegrove Office: [phone]

J.P. Morgan Australia Matthew Roberts Office: [phone]	J.P. Morgan Cazenove  Charles Harman, Adam Brett, Jonathan Wilcox Office: [phone]
Macquarie  Geoff Joyce, Neil Watson Office: [phone]

Email: [e-mail] 

Website: www.riotinto.com 

High resolution photographs available at: www.newscast.co.uk 

This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security. 

This announcement is an advertisement and does not constitute a prospectus. Nothing in this announcement should be interpreted as a term or condition of either of the Rights Issues announced by Rio Tinto plc and Rio Tinto Limited. Any decision to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities in Rio Tinto plc or Rio Tinto Limited must be made only on the basis of the information contained in and incorporated by reference into the prospectus, copies of which are available on Rio Tinto's website, www.riotinto.com

These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the 'Securities Act'). The securities mentioned herein may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offer of the securities in the United States. 

These materials do not contain or constitute an offer for sale or the solicitation of an offer to purchase or subscribe for securities in Canada, the People's Republic of China, Hong Kong SAR, Japan, Papua New Guinea, Singapore, the Republic of South Africa or Switzerland or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction, and no public offer of rights or shares will be made in such jurisdictions. The securities mentioned herein have not been and will not be registered under the securities laws of such jurisdictions and may not be offered or sold in such jurisdictions except pursuant to an exemption from and in compliance with any applicable securities laws. 

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

Credit Suisse (Australia) Limited, J.P. Morgan Australia Limited, Macquarie Capital Advisers Limited, Morgan Stanley Australia Securities Limited and RBS Equity Capital Markets (Australia) Limited are acting exclusively for Rio Tinto and no one else in connection with the Rights Issues and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the Rights Issues and will not be responsible to anyone other than Rio Tinto for providing the protections afforded to their respective clients nor for giving advice in relation to the Rights Issues or any transaction or arrangement referred to in this announcement.

Neither the content of Rio Tinto's website (or any other website) nor the content of any website accessible by hyperlinks on Rio Tinto's website is incorporated into, or forms part of, this announcement.

Defined terms used in this announcement shall have the same meanings as in the Offer Booklet and Prospectus relating to the Rights Issue each dated 16 June 2009, unless the context requires otherwise.

 

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