TIDMRIO

RNS Number : 6511G

Rio Tinto PLC

18 March 2020

Shareholdings of persons discharging managerial responsibility (PDMR)

18 March 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).

Rio Tinto Equity Incentive Plan 2018 (EIP)

Bonus Deferral Awards and Performance Share Awards

The Remuneration Committee has approved a 50% deferral of the 2019 annual bonus for members of the Executive Committee to be delivered as a Bonus Deferral Award (BDA). Grants of BDA are made under the EIP over either Rio Tinto plc shares or Rio Tinto Limited shares (shares). The number of shares granted as a BDA was calculated using the five day average price of shares up to 13 March 2020. These awards will vest on the basis of service at 1 December 2022.

Performance Share Awards (PSA) are granted under the EIP and provides participants with the conditional right, subject to performance conditions being met, to receive shares. The number of shares comprised in the PSA is determined using the average share price for the year immediately preceding the commencement of the relevant performance period. As advised in the Rio Tinto 2019 Annual report, published on 27 February 2020, these values are GBP43.43 in the case of Rio Tinto plc shares and A$94.22 in the case of Rio Tinto Limited shares. The awards granted in 2020 will be measured against the Total Shareholder Return performance conditions after five years (as at the end of 2024). The level of PSA granted is as advised on page 123 ( Jean-Sébastien Jacques and Jakob Stausholm) and 127 (all others named below) of the 2019 Annual report.

The following PDMRs were awarded the following share awards on 16 March 2020:

 
                                               Rio Tinto plc                             Rio Tinto Limited 
 PDMR                               No. of shares         No. of shares         No. of shares         No. of shares 
                                       awarded               awarded               awarded               awarded 
                                  as BDA (calculated    as PSA (calculated    as BDA (calculated    as PSA (calculated 
                                       using a               using a               using a               using a 
                                       price of              price of              price of              price of 
                                       GBP32.43              GBP43.43              A$81.11               A$94.22 
                                      per share)            per share)            per share)            per share) 
                                --------------------  --------------------  --------------------  -------------------- 
 Baatar, Bold                           9,329                53,272                   -                     - 
                                --------------------  --------------------  --------------------  -------------------- 
 Barrios, Alfredo                       8,724                53,236                   -                     - 
                                --------------------  --------------------  --------------------  -------------------- 
 Jacques, Jean-Sébastien          26,234                115,049                  -                     - 
                                --------------------  --------------------  --------------------  -------------------- 
 Salisbury, Christopher                   -                     -                   6,819                41,989 
                                --------------------  --------------------  --------------------  -------------------- 
 Soirat, Arnaud                        10,920                53,272                   -                     - 
                                --------------------  --------------------  --------------------  -------------------- 
 Stausholm, Jakob                      13,454                74,711                   -                     - 
                                --------------------  --------------------  --------------------  -------------------- 
 Trott, Simon                           9,615                52,838                   -                     - 
                                --------------------  --------------------  --------------------  --------------------

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                    Melbourne 3000 
 SW1Y 4AD                  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 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.

END

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March 18, 2020 10:01 ET (14:01 GMT)

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