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Rio Tinto (RIO)

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Wednesday 04 December, 2019

Rio Tinto

Director/PDMR Shareholding

RNS Number : 7016V
Rio Tinto PLC
04 December 2019
 

 

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

 

4 December 2019

 

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

 

Rio Tinto Bonus Deferral Plan ("BDP")

 

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

 

On 3 December 2019, Rio Tinto was notified that the following PDMR/KMPs received their vested 2017 award in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.

 

Security

Name of PDMR/KMP

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

 

5,703

6,782

2,592

42.261646 GBP

4,190

02/12/2019

Rio Tinto plc shares

Barrios, Alfredo

14,230

16,922

8,991

42.261646 GBP

7,931

02/12/2019

Rio Tinto plc shares

Jacques, Jean-Sébastien

22,163

26,357

12,347

42.261646 GBP

14,010

02/12/2019

Rio Tinto plc shares

Soirat, Arnaud

8,051

9,574

4,485

42.261646 GBP

5,089

02/12/2019

Rio Tinto Limited shares

Salisbury, Christopher

7,772

8,925

4,163

97.92 AUD

4,762

02/12/2019

Rio Tinto Limited shares

Trott, Simon**

1,335

1,533

N/A

N/A

1,533

02/12/2019

*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/KMP.

 

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: 2.2. 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 2058
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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