TIDMRIO
RNS Number : 7874X
Rio Tinto PLC
06 May 2021
6 May 2021
Results of Rio Tinto annual general meetings
The annual general meetings of Rio Tinto plc and Rio Tinto
Limited were held on 9 April 2021 and 6 May 2021 respectively.
Under Rio Tinto's dual listed companies structure established in
1995, decisions on significant matters affecting shareholders of
Rio Tinto plc and Rio Tinto Limited in similar ways are taken
through a joint electoral procedure. Resolutions 1 to 17 in table 1
below, contained in the notices of meeting for each of Rio Tinto
plc and Rio Tinto Limited, fall into this category.
Resolutions 18 to 22 of the Rio Tinto plc notice of meeting, in
table 2 below, were put to Rio Tinto plc shareholders only.
Resolutions 18 to 20 of the Rio Tinto Limited notice of meeting, in
table 3 below, were put to Rio Tinto Limited shareholders only.
All resolutions were carried, with the exception of resolution 3
(Approval of the Directors' Remuneration Report: Implementation
Report), and resolution 4 (Approval of the Directors' Remuneration
Report) put to shareholders of both Rio Tinto plc and Rio Tinto
Limited as joint electorate matters, each being an advisory
resolution under UK law and Australian law respectively. In
accordance with the Australian Corporations Act 2001 and the UK
Corporate Governance Code, we have provided further disclosure
below in relation to those resolutions which did not meet the
required voting thresholds.
The results of the Rio Tinto plc polls were certified by the
scrutineer, Computershare Investor Services PLC, and the results of
the Rio Tinto Limited polls were as reported by the duly appointed
returning officer, a representative of Computershare Investor
Services Pty Limited. These results are as set out below.
Information on the final proxy position for each company is
detailed in Appendix 1, and the votes cast on each resolution as a
percentage of the issued capital of each company is set out on our
website at
www.riotinto.com/invest/shareholder-information/annual-general-meetings
.
Table 1
The following joint decision resolutions, which were put to both
Rio Tinto plc and Rio Tinto Limited shareholders on a poll at the
respective annual general meetings, were duly carried, with the
exception of advisory resolutions 3 and 4. The results of the polls
were as follows:
Resolution Total Votes Cast For Against Withheld/ Abstained
(1)
Number % Number %
---- ---------------------- ----------------- -------------- ------------ ------ -----------------------
Receipt of the 2020
1. Annual report 1,173,466,883 1,126,580,367 96.00 46,886,516 4.00 6,974,487
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
Approval of the
2. Remuneration Policy 1,158,135,440 1,121,067,623 96.80 37,067,817 3.20 22,272,424
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
Approval of the
Directors'
Remuneration Report:
3. Implementation Report 1,163,952,299 446,624,854 38.37 717,327,445 61.63 16,456,963
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
4. Approval of the 1,164,187,696 455,898,180 39.16 708,289,516 60.84 16,222,350
Directors'
Remuneration Report
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
5. To re-elect Megan 1,177,791,639 865,953,272 73.52 311,838,367 26.48 2,635,921
Clark AC as a
director
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
To re-elect Hinda
6. Gharbi as a director 1,178,067,475 1,174,515,729 99.70 3,551,746 0.30 2,363,296
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
To re-elect Simon
7. Henry as a director 1,178,078,758 1,165,598,790 98.94 12,479,968 1.06 2,353,178
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
To re-elect Sam
8. Laidlaw as a director 1,178,126,443 1,120,774,783 95.13 57,351,660 4.87 2,307,417
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
9. To re-elect Simon 1,177,999,801 1,164,748,332 98.88 13,251,469 1.12 2,434,060
McKeon AO as a
director
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
10. To re-elect Jennifer 1,178,068,310 1,173,185,436 99.59 4,882,874 0.41 2,364,926
Nason as a director
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
11. To re-elect Jakob 1,178,047,618 1,176,384,596 99.86 1,663,022 0.14 2,386,243
Stausholm as a
director
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
12. To re-elect Simon 1,175,569,160 1,112,668,380 94.65 62,900,780 5.35 4,864,573
Thompson as a
director
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
13. To re-elect Ngaire 1,177,845,702 1,175,621,391 99.81 2,224,311 0.19 2,588,159
Woods CBE as a
director
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
Re- appointment of
14. auditors 1,178,034,068 1,169,317,537 99.26 8,716,531 0.74 2,406,983
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
Remuneration of
15. auditors 1,177,895,236 1,176,943,510 99.92 951,726 0.08 2,536,130
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
Authority to make
16. political donations 1,174,062,280 1,162,581,754 99.02 11,480,526 0.98 6,355,115
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
17. Renewal of and 1,174,016,715 1,171,810,454 99.81 2,206,261 0.19 6,422,616
amendment to the Rio
Tinto Global Employee
Share Plan
---- ---------------------- ----------------- -------------- ------ ------------ ------ -----------------------
(1) In calculating the results of the respective polls under the joint electoral procedure,
"withheld" votes at Rio Tinto plc's meeting are aggregated with "abstained" votes at Rio Tinto
Limited's meeting. For all relevant purposes "withheld" votes and "abstained" votes have the
same meaning. They are not included in the calculation of the proportion of votes for and
against each resolution.
Remuneration Report (resolutions 3 and 4)
The advisory resolutions to approve the Remuneration Report
(resolutions 3 and 4) were not passed as ordinary resolutions.
As more than 25% of the votes cast were against resolution 4,
this constitutes a "first strike" for the purposes of section 250U
of the Australian Corporations Act 2001.
The Board acknowledges that the executive pay outcomes in
relation to the tragic events at Juukan Gorge are sensitive and
contentious issues. The Board understands the voting outcome in
relation to the 2020 Remuneration Report was a response to the
extent of the malus adjustment applied to unvested LTIP awards of
the former Chief Executive, Chief Executive Iron Ore and Group
Executive Corporate Relations.
Since the company announced the findings of the Board Review of
cultural heritage management in August 2020, the Board has engaged
extensively with shareholders and proxy advisors to explain the
rationale for the decisions reached on executive pay and to listen
to feedback.
The Remuneration Committee has already reflected that feedback
in formulating the new Remuneration Policy, which received strong
support from shareholders at the AGMs (96.80% FOR). The new
Remuneration Policy strengthens the Board's ability to exercise
discretion through the revised malus provisions in relation to
events having a major adverse impact on the Group's social license
to operate or reputation. In addition, the new Policy introduces
ESG metrics, including in relation to communities and heritage
management, into the STIP.
During the course of 2021, the Remuneration Committee will
engage further with shareholders in response to the 2020
Remuneration Report vote. The Committee will take time to reflect
further on the feedback already received and on any new input
obtained from this subsequent engagement, in particular as it
considers the implementation of the new Remuneration Policy.
The Remuneration Committee will outline any additional measures
that it proposes to take in response to this feedback ahead of next
year's AGMs.
Re-election of Dr Megan Clark AC (resolution 5)
The re-election of Dr Megan Clark AC as a director was passed as
an ordinary resolution, with 73.52% votes in favour of her
appointment.
Rio Tinto acknowledges that the reduced vote for Dr Clark's
re-election compared to previous years reflects the fact that, as
Chair of the Sustainability Committee at the time that the rock
shelters at Juukan Gorge were destroyed, Dr Clark shares
accountability for the failings in the areas of communities and
social performance that led to those events occurring.
In light of the support provided by almost 75% of shareholders,
Dr Clark and the Board have carefully weighed the need for
accountability for the events at Juukan Gorge against the
significant contribution, experience and continuity that Dr Clark
brings to the Board and the Group's relationship with Traditional
Owners, and concluded that she should remain on the Board in order
to provide stability at this important time for Rio Tinto.
The Board notes that, in March 2021, Simon Thompson announced
that, as Chairman of the Board, he accepted ultimate accountability
for the failings which led to the tragic events at Juukan Gorge,
and that he would therefore not seek re-election at the 2022
AGMs.
Following Mr Thompson's departure and the previously announced
resignations of Michael L'Estrange and David Constable, Dr Clark
will be the most experienced Non-Executive Director on the Board
and the only Board member with mining industry experience.
As Chair of the Sustainability Committee, Dr Clark is leading
the Board's oversight of the implementation of the Board Review
recommendations into cultural heritage management.
Importantly, Dr Clark is playing an active and important role on
behalf of the Board in engaging with the Traditional Owners of the
lands where the company operates in Western Australia, including
attending engagements with stakeholders. As an Australian resident,
Dr Clark is committed to attending several such meetings with
Traditional Owners during 2021. As such, she is playing a key role
for Rio Tinto in rebuilding trust and in ensuring that communities
have a clear channel to escalate any concerns on the ground
directly to the Board.
In view of the reduced vote, the Board will continue to consult
with shareholders and will consider their feedback as it continues
to oversee the implementation of the Group's priorities in social
performance and cultural heritage management.
Table 2
The following resolutions were put to Rio Tinto plc shareholders
only and carried at the Rio Tinto plc meeting held on 9 April 2021.
Resolutions 18 and 19 were carried as an ordinary resolutions and
resolutions 20 to 22 as special resolutions. In accordance with the
UK Listing Authority's Listing Rule 9.6.2, copies of all the
resolutions passed by Rio Tinto plc shareholders, other than
ordinary business, have been submitted to the National Storage
Mechanism and are available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism . The
results of the polls were as follows:
Resolution Total Votes Cast For Against Withheld/ Abstained
Number % Number %
---- --------------------------- ----------------- ------------ ------------ ------ --------------------
Renewal of and amendment
to the Rio Tinto UK Share
18. Plan 961,465,286 958,961,532 99.74 2,503,754 0.26 1,824,362
---- --------------------------- ----------------- ------------ ------ ------------ ------ --------------------
General authority to allot
19. shares 961,527,725 942,842,741 98.06 18,684,984 1.94 1,746,184
---- --------------------------- ----------------- ------------ ------ ------------ ------ --------------------
Disapplication of
20. pre-emption rights 961,076,903 958,441,387 99.73 2,635,516 0.27 2,210,031
---- --------------------------- ----------------- ------------ ------ ------------ ------ --------------------
21. Authority to purchase Rio 961,450,099 766,908,987 79.77 194,541,112 20.23 1,839,548
Tinto plc shares
---- --------------------------- ----------------- ------------ ------ ------------ ------ --------------------
22. Notice period for general 961,581,840 907,313,113 94.36 54,268,727 5.64 1,704,804
meetings other than annual
general meetings
---- --------------------------- ----------------- ------------ ------ ------------ ------ --------------------
Authority to purchase Rio Tinto plc shares (resolution 21)
Resolution 21 'Authority to purchase Rio Tinto plc shares' was
passed as a special resolution, but with less than 80% of votes in
favour. As previously announced, Shining Prospect (a subsidiary of
the Aluminium Corporation of China "Chinalco") voted against
Resolution 21. Chinalco has not sold any of its shares in Rio Tinto
plc and now has a holding of just over 14% given its
non-participation in the Company's significant share buyback
programmes. This places Chinalco close to the 14.99% holding
threshold agreed with the Australian Government at the time of its
original investment in Rio Tinto.
Table 3
Resolutions 18 to 20 below were put to Rio Tinto Limited
shareholders only. Resolution 18 was carried as a special
resolution and resolutions 19 and 20 as ordinary resolutions. The
results of the polls were as follows:
Resolution Total Votes Cast For Against Withheld /
Abstained
Number % Number %
----- -------------------------------------- ----------------- ------------ ---------- ----- -----------
Renewal of off-market and on-market
18. share buy-back authorities 216,147,160 211,750,494 97.97 4,396,666 2.03 1,004,867
----- -------------------------------------- ----------------- ------------ ------ ---------- ----- -----------
19. Requisitioned resolution on emissions 216,068,911 213,945,619 99.02 2,123,292 0.98 1,084,348
targets
----- -------------------------------------- ----------------- ------------ ------ ---------- ----- -----------
20. Requisitioned resolution on 216,146,945 214,081,563 99.04 2,065,382 0.96 1,006,314
climate-related lobbying
----- -------------------------------------- ----------------- ------------ ------ ---------- ----- -----------
LEI: 213800YOEO5OQ72G2R82
Classification: 3.1. Additional regulated information required
to be disclosed under the laws of a Member State
Contacts Please direct all enquiries to media.enquiries@riotinto.com
Media Relations, UK Media Relations, Australia
Illtud Harri Jonathan Rose
M +44 7920 503 600 M +61 447 028 913
David Outhwaite Matt Chambers
M +44 7787 597 493 M +61 433 525 739
Media Relations, Americas Jesse Riseborough
Matthew Klar M +61 436 653 412
T +1 514 608 4429
Investor Relations, Australia
Investor Relations, UK Natalie Worley
Menno Sanderse M +61 409 210 462
M: +44 7825 195 178
Amar Jambaa
David Ovington M +61 472 865 948
M +44 7920 010 978
Clare Peever
M +44 7788 967 877
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
This announcement is authorised for release to the market by
Steve Allen, Rio Tinto's Group Company Secretary.
riotinto.com
Appendix 1
FINAL PROXY POSITION
Shareholders are encouraged to look at the voting figures
provided in the main part of this announcement, as proxy figures
may not be an accurate indication of the voting at the annual
general meetings; a proxy is an authority or direction to the proxy
holder to vote and not a vote itself. As such, the proxy figures do
not reflect the votes cast by shareholders who attend the meeting
in person, or through an attorney or corporate representative.
References in this appendix in respect of resolutions 1-17 to an
appointment specifying that a proxy abstain on a resolution should,
when referring to voting at Rio Tinto plc's annual general meeting,
be taken as references to the appointment specifying that the proxy
withhold from voting on a resolution.
The proxy position for each company (excluding the proxy votes
carried from one meeting to the other meeting by the Special Voting
Shares in accordance with the DLC structure) on the resolutions put
to both Rio Tinto plc and Rio Tinto Limited shareholders under the
joint electoral procedure was as follows:
PROXY POSITION FOR RIO TINTO PLC AND RIO TINTO LIMITED ON JOINT DECISIONS Rio Tinto plc Rio Tinto Limited
1. Receipt of the 2020 Annual report
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,224,845 212,107,477
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 909,815,631 208,186,670
-------------- ------------------
(ii) was to vote against the resolution 45,057,908 1,824,283
-------------- ------------------
(iii) was to abstain on the resolution 1,812,411 4,896,797
-------------- ------------------
(iv) may vote at the proxy's discretion 351,306 2,096,524
-------------- ------------------
2. Approval of the Remuneration Policy
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 936,615,754 215,407,029
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 910,916,192 202,494,685
-------------- ------------------
(ii) was to vote against the resolution 25,350,577 11,076,536
-------------- ------------------
(iii) was to abstain on the resolution 20,418,089 1,583,523
-------------- ------------------
(iv) may vote at the proxy's discretion 348,985 1,835,808
-------------- ------------------
3. Approval of the Directors' Remuneration Report: Implementation Report
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 943,878,796 214,254,562
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 419,933,487 24,691,372
-------------- ------------------
(ii) was to vote against the resolution 523,590,417 187,726,356
-------------- ------------------
(iii) was to abstain on the resolution 13,156,444 2,735,990
-------------- ------------------
(iv) may vote at the proxy's discretion 354,892 1,836,834
-------------- ------------------
4. Approval of the Directors' Remuneration Report
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 943,804,433 214,271,146
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 419,946,054 33,392,104
-------------- ------------------
(ii) was to vote against the resolution 523,506,015 179,036,390
-------------- ------------------
(iii) was to abstain on the resolution 13,231,792 2,719,206
-------------- ------------------
(iv) may vote at the proxy's discretion 352,364 1,842,652
-------------- ------------------
5. To re-elect Megan Clark AC as a director
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 954,718,288 216,683,245
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 719,486,279 140,004,657
-------------- ------------------
(ii) was to vote against the resolution 234,854,574 74,797,562
-------------- ------------------
(iii) was to abstain on the resolution 2,315,155 320,017
-------------- ------------------
(iv) may vote at the proxy's discretion 377,435 1,881,026
-------------- ------------------
6. To re-elect Hinda Gharbi as a director
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,284,259 216,658,423
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 953,606,092 213,109,115
-------------- ------------------
(ii) was to vote against the resolution 1,303,348 1,675,842
-------------- ------------------
(iii) was to abstain on the resolution 1,752,547 344,686
-------------- ------------------
(iv) may vote at the proxy's discretion 374,819 1,873,466
-------------- ------------------
7. To re-elect Simon Henry as a director
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,292,818 216,661,347
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 948,253,601 208,978,154
-------------- ------------------
(ii) was to vote against the resolution 6,663,999 5,803,893
-------------- ------------------
(iii) was to abstain on the resolution 1,743,988 342,927
-------------- ------------------
(iv) may vote at the proxy's discretion 375,218 1,879,300
-------------- ------------------
8. To re-elect Sam Laidlaw as a director
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,070,078 216,666,459
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 908,679,716 205,214,182
-------------- ------------------
(ii) was to vote against the resolution 46,015,204 9,548,680
-------------- ------------------
(iii) was to abstain on the resolution 1,968,653 337,815
-------------- ------------------
(iv) may vote at the proxy's discretion 375,158 1,903,597
-------------- ------------------
9. To re-elect Simon McKeon AO as a director
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,226,551 216,649,422
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 948,418,832 209,362,004
-------------- ------------------
(ii) was to vote against the resolution 6,428,153 5,395,533
-------------- ------------------
(iii) was to abstain on the resolution 1,812,180 354,852
-------------- ------------------
(iv) may vote at the proxy's discretion 379,566 1,891,885
-------------- ------------------
10. To re-elect Jennifer Nason as a director
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,276,454 216,667,063
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 952,067,841 212,747,582
-------------- ------------------
(ii) was to vote against the resolution 2,829,718 2,038,074
-------------- ------------------
(iii) was to abstain on the resolution 1,762,260 336,603
-------------- ------------------
(iv) may vote at the proxy's discretion 378,895 1,881,407
-------------- ------------------
11. To re-elect Jakob Stausholm as a director
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,276,894 216,646,096
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 954,529,595 213,453,360
-------------- ------------------
(ii) was to vote against the resolution 360,543 1,300,174
-------------- ------------------
(iii) was to abstain on the resolution 1,761,837 358,178
-------------- ------------------
(iv) may vote at the proxy's discretion 386,756 1,892,562
-------------- ------------------
12. To re-elect Simon Thompson as a director
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,162,141 214,282,895
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 914,725,555 189,648,205
-------------- ------------------
(ii) was to vote against the resolution 40,054,033 22,746,345
-------------- ------------------
(iii) was to abstain on the resolution 1,876,463 2,721,379
-------------- ------------------
(iv) may vote at the proxy's discretion 382,553 1,888,345
-------------- ------------------
13. To re-elect Ngaire Woods CBE as a director
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,293,116 216,427,793
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 954,054,016 212,981,312
-------------- ------------------
(ii) was to vote against the resolution 859,677 1,349,552
-------------- ------------------
(iii) was to abstain on the resolution 1,745,615 576,481
-------------- ------------------
(iv) may vote at the proxy's discretion 379,423 2,096,929
-------------- ------------------
14. Re- appointment of auditors
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,198,122 216,702,176
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 946,466,947 214,272,699
-------------- ------------------
(ii) was to vote against the resolution 8,374,934 341,185
-------------- ------------------
(iii) was to abstain on the resolution 1,839,341 301,572
-------------- ------------------
(iv) may vote at the proxy's discretion 356,241 2,088,292
-------------- ------------------
15. Remuneration of auditors
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,091,857 216,672,700
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 954,325,034 214,041,848
-------------- ------------------
(ii) was to vote against the resolution 407,985 541,898
-------------- ------------------
(iii) was to abstain on the resolution 1,937,648 330,541
-------------- ------------------
(iv) may vote at the proxy's discretion 358,838 2,088,954
-------------- ------------------
16. Authority to make political donations
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 954,889,216 216,692,128
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 945,691,686 212,022,074
-------------- ------------------
(ii) was to vote against the resolution 8,851,247 2,612,616
-------------- ------------------
(iii) was to abstain on the resolution 2,132,998 303,272
-------------- ------------------
(iv) may vote at the proxy's discretion 346,283 2,057,438
-------------- ------------------
17. Renewal of and amendment to the Rio Tinto Global Employee Share Plan
---------------------------------------------------------------------------------- -------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 951,692,092 216,215,332
-------------- ------------------
Total number of proxy votes in respect of which the appointments specified that
the proxy:
-------------- ------------------
(i) was to vote for the resolution 950,029,348 213,237,319
-------------- ------------------
(ii) was to vote against the resolution 1,308,686 899,004
-------------- ------------------
(iii) was to abstain on the resolution 5,344,345 788,942
-------------- ------------------
(iv) may vote at the proxy's discretion 354,058 2,079,009
-------------- ------------------
PROXY POSITION FOR RIO TINTO PLC ONLY MATTERS - RESOLUTIONS FROM MEETING HELD ON 9 APRIL 2021 Rio Tinto plc
18. Renewal of and amendment to the Rio Tinto UK Share Plan
----------------------------------------------------------------------------------------------- --------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,479,396
--------------
Total number of proxy votes in respect of which the appointments specified that the proxy:
--------------
(i) was to vote for the resolution 952,597,969
--------------
(ii) was to vote against the resolution 2,503,753
--------------
(iii) was to abstain on the resolution 1,559,385
--------------
(iv) may vote at the proxy's discretion 377,674
--------------
19. General authority to allot shares
----------------------------------------------------------------------------------------------- --------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,541,835
--------------
Total number of proxy votes in respect of which the appointments specified that the proxy:
--------------
(i) was to vote for the resolution 936,500,774
--------------
(ii) was to vote against the resolution 18,684,983
--------------
(iii) was to abstain on the resolution 1,481,207
--------------
(iv) may vote at the proxy's discretion 356,078
--------------
20. Disapplication of pre-emption rights
----------------------------------------------------------------------------------------------- --------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,092,089
--------------
Total number of proxy votes in respect of which the appointments specified that the proxy:
--------------
(i) was to vote for the resolution 952,095,035
--------------
(ii) was to vote against the resolution 2,635,248
--------------
(iii) was to abstain on the resolution 1,943,978
--------------
(iv) may vote at the proxy's discretion 361,806
--------------
21. Authority to purchase Rio Tinto plc shares
----------------------------------------------------------------------------------------------- --------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,464,210
--------------
Total number of proxy votes in respect of which the appointments specified that the proxy:
--------------
(i) was to vote for the resolution 760,637,175
--------------
(ii) was to vote against the resolution 194,474,866
--------------
(iii) was to abstain on the resolution 1,574,571
--------------
(iv) may vote at the proxy's discretion 352,169
--------------
22. Notice period for general meetings other than annual general meetings
----------------------------------------------------------------------------------------------- --------------
Total number of proxy votes exercisable by all proxies validly appointed: 955,595,951
--------------
Total number of proxy votes in respect of which the appointments specified that the proxy:
--------------
(i) was to vote for the resolution 902,097,280
--------------
(ii) was to vote against the resolution 53,148,776
--------------
(iii) was to abstain on the resolution 1,439,827
--------------
(iv) may vote at the proxy's discretion 349,895
--------------
PROXY POSITION FOR RIO TINTO LIMITED ONLY MATTERS - RESOLUTIONS FROM MEETING HELD ON 6 MAY Rio Tinto Limited
2021
18. Renewal of off-market and on-market share buy-back authorities
-------------------------------------------------------------------------------------------- ------------------
Total number of proxy votes exercisable by all proxies
validly appointed: 216,004,605
------------------
Total number of proxy votes in respect of which the
appointments specified that the proxy:
------------------
(i) was to vote for the resolution 209,509,670
------------------
(ii) was to vote against the resolution 4,402,834
------------------
(iii) was to abstain on the resolution 999,669
------------------
(iv) may vote at the proxy's discretion 2,092,101
------------------
19. Requisitioned resolution on emissions targets
-------------------------------------------------------------------------------------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 215,960,329
------------------
Total number of proxy votes in respect of which the appointments specified that the proxy:
------------------
(i) was to vote for the resolution 211,989,439
------------------
(ii) was to vote against the resolution 2,105,218
------------------
(iii) was to abstain on the resolution 1,043,945
------------------
(iv) may vote at the proxy's discretion 1,865,672
------------------
20. Requisitioned resolution on climate-related lobbying
-------------------------------------------------------------------------------------------- ------------------
Total number of proxy votes exercisable by all proxies validly appointed: 216,038,363
------------------
Total number of proxy votes in respect of which the appointments specified that the proxy:
------------------
(i) was to vote for the resolution 212,133,724
------------------
(ii) was to vote against the resolution 2,047,645
------------------
(iii) was to abstain on the resolution 965,911
------------------
(iv) may vote at the proxy's discretion 1,856,994
------------------
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