RIO Rio Tinto Plc

TIDMRIO

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                Conditional      Award subject       No. of     No. of    Price per   No. of 
                 PDMR                   Award Granted   to EBIT              Shares     Shares    Share       Shares 
                                        in 2015         performance          Vested*    Sold                  Retained 
                                                        adjustment 
 Rio Tinto      Baatar,                                                                          43.716372 
  plc shares     Bold                  14,954           4,984               5,888      2,035      GBP        3,853 
               ---------------------  ---------------  ------------------  ---------  --------  ----------  ---------- 
 Rio Tinto      Barrios,                                                                         43.716372 
  plc shares     Alfredo               66,390           22,129              26,149     13,787     GBP        12,362 
               ---------------------  ---------------  ------------------  ---------  --------  ----------  ---------- 
 Rio Tinto      Jacques,                                                                         43.716372 
  plc shares     Jean-Sébastien   72,768           24,255              28,661     13,324     GBP        15,337 
               ---------------------  ---------------  ------------------  ---------  --------  ----------  ---------- 
 Rio Tinto 
  Limited       Salisbury, 
  shares         Christopher           16,175           5,391               6,137      2,822     95.75 AUD   3,315 
               ---------------------  ---------------  ------------------  ---------  --------  ----------  ---------- 
 Rio Tinto 
  Limited       Soirat, 
  shares         Arnaud                17,658           5,885               6,700      3,081     95.75 AUD   3,619 
               ---------------------  ---------------  ------------------  ---------  --------  ----------  ---------- 
 Rio Tinto 
  Limited       Trott, 
  shares         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                        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 
 

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END

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June 04, 2020 08:31 ET (12:31 GMT)

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