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Rio Tinto - Director/PDMR Shareholding

RNS Number : 9918O
Rio Tinto PLC
04 June 2020
 

Shareholdings of directors and persons discharging managerial responsibility (PDMR)

 

4 June 2020

 

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

 

Performance Share Plan 2013 ("PSP")

 

The PSP is a performance based share plan which provides participants with the conditional right (known as a Performance Share Award or PSA) to receive Rio Tinto plc or Rio Tinto Limited shares, subject to performance conditions being met.

 

The PSA granted in 2015 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 27 February 2020. The remaining third of the PSA granted in 2015 vested on 31 May 2020 once the Relative EBIT Margin performance had been established.   

 

On 1 June 2020, the following PDMRs received their vested PSA award in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions. The balance that did not vest due to the application of performance conditions has now lapsed.

 

 

Security

Name of PDMR

 

Conditional Award Granted in 2015

Award subject to EBIT performance adjustment

No. of Shares Vested*

No. of Shares Sold

Price per Share

No. of Shares Retained

Rio Tinto plc shares

Baatar,

Bold

14,954

4,984

5,888

2,035

43.716372

GBP

3,853

Rio Tinto plc shares

Barrios, Alfredo

66,390

22,129

26,149

13,787

43.716372

GBP

12,362

Rio Tinto plc shares

Jacques,

Jean-Sébastien

72,768

24,255

28,661

13,324

43.716372

GBP

15,337

Rio Tinto Limited shares

Salisbury, Christopher

16,175

5,391

6,137

 

2,822

95.75 AUD

 

3,315

Rio Tinto Limited shares

Soirat, Arnaud

17,658

5,885

 

6,700

 

3,081

 

 

95.75 AUD

 

3,619

 

Rio Tinto Limited shares

Trott, Simon

8,216

2,738

3,116

N/A

N/A

3,116

 

*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 rules.

 

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: 3.1. 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 2000
Registered in England

No. 719885

Rio Tinto Limited

Level 7, 360 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Rio Tinto PLC

Price: 4756.5

Market: LSE
Market Cap: £59.33 billion
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