Source - RNS
RNS Number : 0602H
Rio Tinto PLC
02 June 2017
 

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

 

2 June 2017

 

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 Regulation. 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 LSE of material dealings by PDMR/KMP in Rio Tinto Limited securities.

 

Performance Share Plan ("PSP")

 

The PSP is a performance based share plan which provides the Rio Tinto plc and Rio Tinto Limited participants with the conditional right to receive Rio Tinto plc or Rio Tinto Limited shares, subject to performance conditions being met, under the terms of the Rio Tinto plc PSP and Rio Tinto Limited PSP respectively.

 

The 2013 PSP award is subject to two performance conditions. Two thirds of the award is subject to Total Shareholder Return (TSR) performance and the remaining third to an earnings based measure of Relative EBIT Margin. The TSR part of the award vested on 20 February 2017 and the remaining third of the 2013 PSP award vested on 31 May 2017.

 

On 31 May 2017, the following PDMRs received a third of their vested PSP 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

EBIT

Vest Portion

No: of Shares Lapsed

No: of Shares Vested*

No: of Shares Sold

Price per Share

No: of Shares Retained

Rio Tinto plc shares

Baatar, Bold

1,750

583

132

518

81

31.0801 GBP

437

Rio Tinto plc shares

Jacques,

Jean-Sébastien

25,682

8,560

1,926

7,744

3,741

31.0801 GBP

4,003

Rio Tinto plc shares

Lynch, Christopher

52,084

17,361

3,907

15,705

7,582

31.0801 GBP

8,123

Rio Tinto plc shares

Niven, Simone

343

114

26

102

50

31.0801 GBP

52

Rio Tinto Limited shares

Farrell, Joanne

2,477

825

186

738

368

62.45 AUD

370

Rio Tinto Limited shares

McIntosh, Stephen

5,632

1,877

423

1,679

837

62.45 AUD

842

Rio Tinto Limited shares

Salisbury, Christopher

3,907

1,302

293

1,165

581

62.45 AUD

584

Rio Tinto Limited shares

Soirat, Arnaud

3,601

1,200

270

1,074

473

62.64 AUD

601

 

*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 PSP plan rules.

 

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

 

 

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

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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