Transaction in Own Shares

RNS Number : 0248C
Rio Tinto PLC
28 February 2011
 



 

Further to the announcement on 10 February 2011 regarding the Rio Tinto Group's capital management programme, Rio Tinto Limited today acquired 400,000 of Rio Tinto plc's ordinary shares at an average price of 4,306.90 pence per ordinary share. 

 

Rio Tinto plc subsequently purchased those shares from Rio Tinto Limited off-market as part of internal capital management for an aggregate consideration of £5, pursuant to the share purchase approval granted by Rio Tinto plc shareholders at the 2010 Rio Tinto plc Annual General Meeting. The shares purchased will be held by Rio Tinto plc as treasury shares.

 

It is immaterial to the shareholders of either Rio Tinto plc or Rio Tinto Limited if Rio Tinto Limited or any of its subsidiaries make a gain or a loss on such transactions as they have no effect on the Rio Tinto Group's overall resources. The underlying purpose of this series of transactions is to facilitate the Rio Tinto Group's ongoing capital management programme and Rio Tinto considers that the transactions will not constrain its ability to maintain its progressive dividend policy and will not affect Rio Tinto Limited's capacity to fully frank its dividends.

 

Following the above purchase, Rio Tinto plc holds 5,814,032 ordinary shares as

treasury shares.  The total number of ordinary shares in issue (excluding shares

held as treasury shares) is 1,523,189,839

 

For further information, please contact:

 

Investor Relations

Mark Shannon

Office: +44 (0) 20 7781 1178

Mobile: +44 (0) 7917 576597

 

Secretarial Department

Matthew Whyte

Office: +44 (0) 20 7781 1629

 


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