Remuneration Information • Jul 21, 2017
Remuneration Information
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information
RNS Number : 7982L
Rio Tinto PLC
21 July 2017
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.
Global Employee Share Plan (GESP)
Under the GESP employees are able to purchase on a quarterly basis Rio Tinto plc ordinary shares of 10p each ('shares'), Rio Tinto plc ADRs or Rio Tinto Limited ordinary shares ('shares') out of monthly deductions from salary and are allocated an equivalent number of shares or ADRs free of charge ('matching shares' and 'matching ADRs') conditional upon satisfying the terms of the GESP. The matching shares or matching ADRs are subject to a three year holding period, and vest after this period. At the time of vesting, participants can elect to receive their awards for nil consideration either as shares or as cash from the proceeds of a sale of shares.
The following PDMR/KMPs elected to receive the vested matching shares under the GESP in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.
| Security | Name of PDMR/KMP | No: of Matching Shares Granted | No: of Shares Vested* | No: of Shares Sold | Price per Share | No: of Shares Retained | Date of transaction |
| Rio Tinto plc shares | Jacques, Jean-Sébastien | 11.32 | 12.7059 | 5.3366 | 34.452855 GBP | 7.3693 | 19/07/2017 |
| Rio Tinto Limited shares | Farrell, Joanne | 21.4878 | 24.0728 | 11.2473 | 63.980105 AUD | 12.8255 | 19/07/2017 |
| Rio Tinto Limited shares | McIntosh, Stephen | 21.4878 | 24.0728 | 11.2473 | 63.980105 AUD | 12.8255 | 19/07/2017 |
*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 GESP plan rules.
These were non-discretionary transactions.
FCA notifications in accordance with the EU Market Abuse Regime have been issued to the London Stock Exchange contemporaneously with this release.
| ### 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 2058 Registered in England No. 719885 |
### Rio Tinto Limited 120 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 company news service from the London Stock Exchange
END
DSHZFLFLDDFLBBB
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.