Rio Tinto Share Repurchase Programme

RNS Number : 1798F

Rio Tinto PLC

17 February 2015

 



Rio Tinto share repurchase programme

18 February 2015

As announced on 12 February 2015, Rio Tinto is conducting a US$2 billion share buy-back programme, of which c$1.6 billion is expected to be completed through the on-market purchase of Rio Tinto plc shares. 

The overall programme is expected to be fully executed by 31 December 2015.

Any Rio Tinto plc shares that Rio Tinto buys back between 18 February 2015 and 15 April 2015 (the day before the Rio Tinto plc Annual General Meeting) will be handled by an independent third party.   This party will make its trading decisions in relation to Rio Tinto's securities independently of, and uninfluenced by, Rio Tinto.  Any shares so purchased will be cancelled.  This buy-back programme may be suspended at any time.

Any purchases of shares will be effected within certain pre-set parameters, and in accordance with both Rio Tinto's general authority to repurchase shares given in general meeting and Chapter 12 of the UK Listing Authority's Listing Rules which requires that the maximum price paid be limited to no more than 5 per cent above the average market value for the shares as derived from the London Stock Exchange Daily Official List for the five business days immediately prior to such purchase.

Rio Tinto confirms that it currently has no unpublished price sensitive information.

Contacts

[e-mail]

www.riotinto.com

  Follow @RioTinto on Twitter

Media Relations, EMEA/Americas Illtud Harri T [phone] M [phone] David Outhwaite T [phone] M [phone] David Luff T + 44 20 7781 1177 M + 44 7780 226 422 Investor Relations, EMEA/Americas John Smelt T [phone] M [phone] David Ovington T [phone] M [phone] Grant Donald T [phone] M [phone]	Media Relations, Australia/Asia Ben Mitchell T [phone] M [phone] Bruce Tobin T [phone] M [phone] Matthew Klar T [phone] M [phone] Investor Relations, Australia/Asia Rachel Storrs T [phone] M [phone] Galina Rogova T [phone] M [phone]
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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