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RNS Number : 2332R
Rio Tinto PLC
07 December 2016
 

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

 

 

7 December 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.

 

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 Rights vest in December of the third year after the end of the performance year to which it relates.

 

The following PDMR/KMP elected to receive their vested 2014 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 dividend shares*

No: of Shares Vested

No: of Shares Sold

Price per Share

GBP

No: of Shares Retained

Date of Transaction

Rio Tinto plc

Jacques, Jean-Sébastien

8,259

834

9,093

4,374

30.36

4,719

5 /12/2016

 

The following PDMR/KMP elected to receive his vested 2014 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 dividend shares*

No: of Shares Vested

No: of Shares Sold

Price per Share

AUD

No: of Shares Retained

Date of Transaction

Rio Tinto Limited

Soirat, Arnaud

2,345

238

2,583

1,267

59.767703

1,316

6/12/2016

 

*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted.

FCA notifications in accordance with the EU Market Abuse Regime have been issued to the London Stock Exchange contemporaneously with this release.

 

 

 

 

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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