TIDMRIO

RNS Number : 6521F

Rio Tinto PLC

22 February 2018

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

22 February 2018

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 London Stock Exchange (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 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 2014 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 19 February 2018. The remaining third of the 2014 PSP award will vest on 31 May 2018 once the relative EBIT margin performance has been established.

On 19 February 2018, the following PDMRs received 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                Conditional   TSR        No:       No:        No:       Price        No: 
                 PDMR/KMP               Award         Vest       of        of         of        per Share    of Shares 
                                        Granted       Portion    Shares    Shares     Shares                 Retained 
                                                                 Lapsed    Vested*    Sold 
 Rio Tinto 
  Limited       Farrell,                                                                       82.00 
  shares         Joanne                2,477         1,652      826       942        447        AUD         495 
               ---------------------  ------------  ---------  --------  ---------  --------  -----------  ----------- 
 Rio Tinto      Jacques,                                                                       40.72395 
  plc shares     Jean-Sébastien   25,683        17,123     8,562     9,871      4,688      GBP         5,183 
               ---------------------  ------------  ---------  --------  ---------  --------  -----------  ----------- 
 Rio Tinto      Lynch,                                                                         40.72395 
  plc shares     Christopher           52,085        34,724     17,362    20,020     9,505      GBP         10,515 
               ---------------------  ------------  ---------  --------  ---------  --------  -----------  ----------- 
 Rio Tinto 
  Limited       McIntosh,                                                                      82.00 
  shares         Stephen               5,633         3,756      1,878     2,142      1,016      AUD         1,126 
               ---------------------  ------------  ---------  --------  ---------  --------  -----------  ----------- 
 Rio Tinto      Niven,                                                                         40.72395 
  plc shares     Simone                343           229        115       131        63         GBP         68 
               ---------------------  ------------  ---------  --------  ---------  --------  -----------  ----------- 
 Rio Tinto 
  Limited       Salisbury,                                                                     82.00 
  shares         Christopher           3,907         2,605      1,303     1,485      705        AUD         780 
               ---------------------  ------------  ---------  --------  ---------  --------  -----------  ----------- 
 Rio Tinto 
  Limited       Trott, 
  shares         Simon                 1,834         1,223      612       696        0         N/A          696 
               ---------------------  ------------  ---------  --------  ---------  --------  -----------  ----------- 
 

On 20 February 2018, the following PDMR received 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      Conditional   TSR        No:       No:        No:       Price        No: 
                 PDMR/KMP     Award         Vest       of        of         of        per Share    of Shares 
                              Granted       Portion    Shares    Shares     Shares                 Retained 
                                                       Lapsed    Vested*    Sold 
 Rio Tinto      Baatar,                                                              39.865 
  plc shares     Bold        1,751         1,168      584       665        139        GBP         526 
               -----------  ------------  ---------  --------  ---------  --------  -----------  ----------- 
 

On 21 February 2018, the following PDMR elected to receive 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      Conditional   TSR        No:       No:        No:       Price        No: 
               PDMR/KMP     Award         Vest       of        of         of        per Share    of Shares 
                            Granted       Portion    Shares    Shares     Shares                 Retained 
                                                     Lapsed    Vested*    Sold 
 Rio Tinto 
  Limited     Soirat,                                                              80.23 
  shares       Arnaud      3,601         2,401      1,201     1,368      554        AUD         814 
             -----------  ------------  ---------  --------  ---------  --------  -----------  ----------- 
 

*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.

Management Share Plan ("MSP")

The MSP is a service based award which provides the participants with an award of Rio Tinto plc ordinary shares of 10p each or Rio Tinto Limited ordinary share ("shares"), which vests subject to continuous employment.

On 19 February 2018, the following PDMRs received their vested MSP award in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.

 
 Security       Name of          Conditional   No.          No.       Price        No. 
                 PDMR/KMP         Award         of Shares    of        per Share    of Shares 
                                  Granted       Vested*      Shares                 Retained 
                                                             Sold 
 Rio Tinto 
  Limited       Farrell,                                              82.00 
  shares         Joanne          3,769         4,078        1,935      AUD         2,143 
               ---------------  ------------  -----------  --------  -----------  ----------- 
 Rio Tinto      Kirikova,                                             40.72395 
  plc shares     Vera            879           942          319        GBP         623 
               ---------------  ------------  -----------  --------  -----------  ----------- 
 Rio Tinto 
  Limited       McIntosh,                                             82.00 
  shares         Stephen         3,809         4,121        1,955      AUD         2,166 
               ---------------  ------------  -----------  --------  -----------  ----------- 
 Rio Tinto                                                            40.72395 
  plc shares    Niven, Simone    1,261         1,374        653        GBP         721 
               ---------------  ------------  -----------  --------  -----------  ----------- 
 Rio Tinto 
  Limited       Salisbury,                                            82.00 
  shares         Christopher     4,043         4,374        2,075      AUD         2,299 
               ---------------  ------------  -----------  --------  -----------  ----------- 
 Rio Tinto 
  Limited 
  shares        Trott, Simon     2,054         2,222        0         N/A          2,222 
               ---------------  ------------  -----------  --------  -----------  ----------- 
 

On 20 February 2018, the following PDMR received their vested MSP award in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.

 
 Security       Name of      Conditional   No.          No.       Price        No. 
                 PDMR/KMP     Award         of Shares    of        per Share    of Shares 
                              Granted       Vested*      Shares                 Retained 
                                                         Sold 
 Rio Tinto      Baatar,                                           39.865 
  plc shares     Bold        3,738         4,073        1,073      GBP         3,000 
               -----------  ------------  -----------  --------  -----------  ----------- 
 

On 21 February 2018, the following PDMR received their vested MSP award in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.

 
 Security     Name of      Conditional   No.          No.       Price        No. 
               PDMR/KMP     Award         of Shares    of        per Share    of Shares 
                            Granted       Vested*      Shares                 Retained 
                                                       Sold 
 Rio Tinto 
  Limited     Soirat,                                           80.23 
  shares       Arnaud      4,414         4,776        1,694      AUD         3,082 
             -----------  ------------  -----------  --------  -----------  ----------- 
 

*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 MSP plan 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: 2.2. Inside information disclosed under article 19 of the Market Abuse Regulation

 
Steve Allen Group Company  Tim Paine 
 Secretary                  Joint Company Secretary 
Rio Tinto plc              Rio Tinto Limited 
 6 St James's Square        360 Collins Street 
 London SW1Y 4AD            Melbourne 3000 
 United Kingdom             Australia 
 
 T +44 20 7781 2058         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 company news service from the London Stock Exchange

END

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February 22, 2018 06:01 ET (11:01 GMT)

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