Source - RNS
RNS Number : 7075J
Rio Tinto PLC
13 September 2016
 

Shareholdings of directors and persons discharging managerial responsibility (PDMR) 

 

Rio Tinto plc

 

13 September 2016

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Jean-Sébastien Jacques

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief executive

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Rio Tinto plc

b)

 

LEI

 

 

N/A

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

 

Ordinary shares of 10p each

 

GB0007188757

b)

 

Nature of the transaction

 

 

Grant of shares under the 2013 Rio Tinto Performance Share Plan (PSP).

 

The PSP is a performance share plan which provides participants with the conditional right, subject to performance conditions being met, to receive ordinary shares.  The value of the shares is determined by taking the average of the middle market quotations from the LSE for each Friday in the year immediately preceding the commencement of the relevant performance period. As advised in the Rio Tinto 2015 annual report, this value is £26.346 in the case of Rio Tinto plc. The award granted will be measured against the performance conditions after five years (at the end of 2020).

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£26.346

79,966

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

79,966

 

 

£26.346

e)

 

Date of the transaction

 

 

2016-09-12

f)

 

Place of the transaction

 

 

N/A

 

Victoria Hames

Acting 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

 

 


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