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RNS Number : 1074N
Rio Tinto PLC
20 October 2016
 

 

20 October 2016

 

Rio Tinto plc notifies the London Stock Exchange (LSE) of PDMR/KMP interests in securities of Rio Tinto plc, in compliance with the EU Market Abuse Regime Article 19 (3). As part of its dual listed company structure, Rio Tinto voluntarily notifies the Australian Securities Exchange (ASX) of material dealings in Rio Tinto plc shares by PDMR/KMP and both ASX and the London Stock Exchange (LSE) of material dealings by PDMR/KMP in Rio Tinto Limited securities.

 

Global Employee Share Plan (GESP)

 

Under the GESP employees are able to purchase on a quarterly basis Rio Tinto plc ordinary shares of 10p each ('shares'), Rio Tinto plc ADRs or Rio Tinto Limited ordinary shares ('shares') out of monthly deductions from salary and are allocated an equivalent number of shares or ADRs free of charge ('matching shares' and 'matching ADRs') conditional upon satisfying the terms of the GESP. The matching shares or matching ADRs are subject to a three year holding period, and vest after this period. At the time of vesting, participants can elect to receive their awards for nil consideration either as shares or as cash from the proceeds of a sale of shares.

 

The following PDMR/KMPs elected to receive the vested matching shares under the GESP in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.

 

Security

Name of PDMR/KMP

No: of Matching Shares Granted

No: of Shares Vested*

No: of Shares Sold

Price per Share

GBP

No: of Shares Retained

Date of transaction

Rio Tinto plc shares

Bague, Hugo

11.8408

11.8408

2.4371

26.110472

11.1013

19/10/2016

Rio Tinto plc shares

Jacques, Jean-Sébastien

11.8408

11.8408

5.6863

26.110472

7.8521

19/10/2016

 

*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted, in accordance with the GESP plan rules.

 

The following PDMR/KMPs elected to receive the vested matching shares under the GESP in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.

 

Security

Name of PDMR/KMP

No: of Matching Shares Granted

No: of Shares Vested*

No: of Shares Sold

Price per Share

AUD

No: of Shares Retained

Date of transaction

Rio Tinto Limited shares

Davies, Alan

44.5435

44.5435

22.7774

51.10

28.025

19/10/2016

Rio Tinto Limited shares

McIntosh, Stephen

22.2717

22.2717

12.4466

51.10

12.9542

19/10/2016

 

*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted, in accordance with the GESP plan rules.

 

The following PDMR/KMP elected to receive the vested matching ADRs under the GESP in the form of ADRs, of which sufficient were sold to pay applicable withholding tax and other deductions.

 

Security

Name of PDMR/KMP

No: of Matching ADRs Granted

No: of ADRs Vested*

No: of ADRs Sold

Price per ADR

USD

No: of ADRs Retained

Date of transaction

Rio Tinto plc ADRs

Valentine, Debra

24.5080

24.5080

13.4885

32.5452

15.2406

19/10/2016

 

*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted, in accordance with the GESP plan rules.

 

 

This announcement is made in compliance with the EU Market Abuse Regime.

 

Victoria Hames

Acting Company Secretary

 

Tim Paine

Joint Company Secretary

Rio Tinto plc

6 St James's Square

London SW1Y 4AD

United Kingdom

 

T +44 20 7781 1668
Registered in England

No. 719885

 

 

Rio Tinto Limited

120 Collins Street

Melbourne 3000

Australia

 

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

 


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