Rio Tinto PLC Director/PDMR Shareholding (7077J)
13 September 2016 - 10:01PM
UK Regulatory
TIDMRIO
RNS Number : 7077J
Rio Tinto PLC
13 September 2016
Shareholdings of directors and persons discharging managerial
responsibility (PDMR) / Key Management Personnel (KMP)
13 September 2016
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 Regime Article 19 (3). 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.
Rio Tinto Performance Share Plan ("PSP")
On 12 September 2016, the Rio Tinto Remuneration Committee
approved a grant of 79,966 Rio Tinto plc ordinary shares of 10p
each ("ordinary shares") under the rules of the 2013 PSP, to
Jean-Sébastien Jacques, Chief Executive, Rio Tinto.
The PSP is a performance share plan which provides participants
with the conditional right, subject to performance conditions being
met, to receive ordinary shares. The value of the shares is
determined by taking the average of the middle market quotations
from the LSE for each Friday in the year immediately preceding the
commencement of the relevant performance period. As advised in the
Rio Tinto 2015 annual report, this value is GBP26.346 in the case
of Rio Tinto plc. The award granted will be measured against the
performance conditions after five years (at the end of 2020).
An FCA notification in accordance with the EU Market Abuse
Regime has been issued to the London Stock Exchange
contemporaneously with this release.
Victoria Hames Acting Tim Paine
Company Secretary Joint Company Secretary
Rio Tinto plc Rio Tinto Limited
6 St James's Square 120 Collins Street
London SW1Y 4AD Melbourne 3000
United Kingdom Australia
T +44 20 7781 1668 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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