TIDMRIO

RNS Number : 9506P

Rio Tinto PLC

22 February 2021

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

22 February 2021

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

Rio Tinto 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 2016 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 18 February 2021. The remaining third of the PSA granted in 2016 will vest on 31 May 2021 once the relative EBIT margin performance has been established.

On 18 February 2021, the following PDMRs received their vested PSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.

 
 Security    Name of        Conditional   TSR Vest   No: of    No: of     No: of    Price      No: of      Date of 
              PDMR/KMP      Award          Portion    Shares    Shares     Shares   per         Shares     Transaction 
                            Granted                   Lapsed    Vested*    Sold     Share       Retained 
 Rio Tinto 
  plc        Baatar,                                                                GBP 
  shares      Bold          17,270        11,514     0         13,840     5,744     62.61083   8,096       18/02/2021 
            -------------  ------------  ---------  --------  ---------  --------  ---------  ----------  ------------ 
 Rio Tinto 
  plc        Barrios,                                                               GBP 
  shares      Alfredo       73,140        48,761     0         58,613     31,192    62.61083   27,421      18/02/2021 
            -------------  ------------  ---------  --------  ---------  --------  ---------  ----------  ------------ 
 Rio Tinto 
  plc        Cunningham,                                                            GBP 
  shares      Peter         13,320        8,881      0         10,675     5,009     62.61083   5,666       18/02/2021 
            -------------  ------------  ---------  --------  ---------  --------  ---------  ----------  ------------ 
 Rio Tinto 
  Limited    Soirat,                                                                AUD 
  shares      Arnaud        20,230        13,487     0         15,960     7,527     127.40     8,433       18/02/2021 
            -------------  ------------  ---------  --------  ---------  --------  ---------  ----------  ------------ 
 Rio Tinto 
  plc                                                                               GBP 
  shares     Toth, Peter    14,808        9,873      0         11,867     5,569     62.61083   6,298       18/02/2021 
            -------------  ------------  ---------  --------  ---------  --------  ---------  ----------  ------------ 
 Rio Tinto 
  Limited 
  shares     Trott, Simon   9,412         6,275      0         7,425      0         N/A        7,425       18/02/2021 
            -------------  ------------  ---------  --------  ---------  --------  ---------  ----------  ------------ 
 Rio Tinto 
  Limited 
  shares     Vella, Ivan    3,072         2,049      0         2,424      0         N/A        2,424       18/02/2021 
            -------------  ------------  ---------  --------  ---------  --------  ---------  ----------  ------------ 
 

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

Management Share Awards ("MSA") granted under the Rio Tinto 2018 Equity Incentive Plan

The MSA provides participants with a conditional right to receive Rio Tinto plc or Rio Tinto Limited shares, subject to continuous employment.

On 18 February 2021, the following PDMRs received their vested MSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions. All MSA included in this announcement were granted prior to the PDMR/KMP becoming a member of the Executive Committee.

 
 Security       Name of PDMR/KMP    Conditional      No: of     No: of    Price per      No: of      Date of 
                                     Award Granted    Shares     Shares    Share          Shares     Transaction 
                                                      Vested*    Sold                     Retained 
 Rio Tinto      Cunningham, 
  plc shares     Peter              3,614            4,138      1,944     GBP 62.61083   2,194       18/02/2021 
               ------------------  ---------------  ---------  --------  -------------  ----------  ------------------ 
 Rio Tinto 
  plc shares    Toth, Peter         3,991            4,570      2,147     GBP 62.61083   2,423       18/02/2021 
               ------------------  ---------------  ---------  --------  -------------  ----------  ------------------ 
 Rio Tinto 
  Limited 
  shares        Vella, Ivan         3,344            3,794      0         N/A            3,794       18/02/2021 
               ------------------  ---------------  ---------  --------  -------------  ----------  ------------------ 
 

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

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               Tim Paine 
 Group Company Secretary   Joint Company Secretary 
Rio Tinto plc             Rio Tinto Limited 
 6 St James's Square       Level 7, 360 Collins Street 
 London SW1Y 4AD           Melbourne 3000 
 United Kingdom            Australia 
 
 T +44 20 7781 2000        T +61 3 9283 3333 
 Registered in England     Registered in Australia 
 No. 719885                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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHDLLFLFLLBBBF

(END) Dow Jones Newswires

February 22, 2021 13:01 ET (18:01 GMT)

Grafico Azioni Rio Tinto (LSE:RIO)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Rio Tinto
Grafico Azioni Rio Tinto (LSE:RIO)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Rio Tinto