Rio Tinto PLC Result of AGM (2664J)
April 08 2020 - 11:25AM
UK Regulatory
TIDMRIO
RNS Number : 2664J
Rio Tinto PLC
08 April 2020
Rio Tinto plc - 2020 annual general meeting voting results
8 April 2020
The annual general meeting of Rio Tinto plc was held on 8 April
2020.
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 20 of the Rio
Tinto plc annual general meeting fall into this category, and the
results of the voting on these resolutions will be announced
shortly after the Rio Tinto Limited annual general meeting which
will be held in Australia on 7 May 2020.
Resolution 21 requires approval by a majority of shareholders of
each of Rio Tinto plc and Rio Tinto Limited voting as separate
electorates. As such, the results of the voting on resolution 21
will also be announced shortly after the Rio Tinto Limited annual
general meeting.
The remaining resolutions 22 to 25 were put to Rio Tinto plc
shareholders on a poll at the annual general meeting today. The
results of that poll are set out below.
Simon Thompson, Rio Tinto Chairman said "I am pleased that the
current restrictions on public gatherings did not prevent us from
engaging with our shareholders, albeit virtually, and that J-S and
I were able to answer questions on a broad range of topics. We
would like to thank all of our shareholders for their continued
support and understanding in these difficult times."
The addresses given by the Chairman and the Chief Executive are
available at
https://www.riotinto.com/invest/shareholder-information/annual-general-meetings
.
Resolutions For/Discretion % for / Against Total votes % of issued Withheld*
(no of votes) discretion (no of votes) validly share capital
cast voted
22. General
authority
to allot
shares 849,333,521 91.13% 82,692,224 932,025,745 74.76% 13,619,976
--------------- ------------ --------------- ------------ --------------- -----------
23. Disapplication
of pre-emption
rights 930,240,971 99.82% 1,699,825 931,940,796 74.75% 13,709,030
--------------- ------------ --------------- ------------ --------------- -----------
24. Authority
to purchase
Rio Tinto
plc shares 733,475,577 78.69% 198,665,382 932,140,959 74.77% 13,508,632
--------------- ------------ --------------- ------------ --------------- -----------
25. Notice
period for
general
meetings
other than
annual general
meetings 886,282,789 95.54% 41,359,094 927,641,883 74.41% 18,009,115
--------------- ------------ --------------- ------------ --------------- -----------
*It should be noted that a vote 'withheld' is not a vote in law
and is not counted in the calculation of the proportion of votes
for and against each resolution.
For the purposes of section 341 of the UK Companies Act 2006,
the votes validly cast are expressed in the table as a percentage
of Rio Tinto plc's total issued share capital (excluding shares
held in Treasury) as at 8pm on 6 April 2020, being the time at
which a shareholder had to be registered in the Company's register
of members in order to attend and vote at the annual general
meeting. The number of shares in issue was 1,255,726,174 (excluding
Treasury shares 1,246,679,820 ).
The Company notes that Resolution 24 'Authority to purchase Rio
Tinto plc shares' was passed with less than 80% of votes in favour.
Shining Prospect (a subsidiary of the Aluminium Corporation of
China "Chinalco") voted against Resolution 24. 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.
In accordance with Listing Rule 9.6.2 copies of all the
resolutions passed, other than ordinary business, will be submitted
to the National Storage Mechanism and will shortly be available for
inspection at http://www.morningstar.co.uk/uk/NSM .
LEI: 213800YOEO5OQ72G2R82
Classification: 3.1. Additional regulated information required
to be disclosed under the laws of a Member State
This announcement is authorised for release to the market by Rio
Tinto's Group Company Secretary.
Contacts
media.enquiries@riotinto.com
riotinto.com
Follow @RioTinto on Twitter
Media Relations, United Kingdom Media Relations, Australia
Illtud Harri Jonathan Rose
M +44 7920 503 600 T +61 3 9283 3088
M +61 447 028 913
David Outhwaite
T +44 20 7781 1623 Matt Chambers
M +44 7787 597 493 T +61 3 9283 3087
M +61 433 525 739
Media Relations, Americas
Matthew Klar Jesse Riseborough
T +1 514 608 4429 T +61 8 6211 6013
M +61 436 653 412
Media Relations, Asia
Grant Donald
T +65 6679 9290
M +65 9722 6028
===================================== ================================
Investor Relations, United Kingdom Investor Relations, Australia
Menno Sanderse Natalie Worley
T: +44 20 7781 1517 T +61 3 9283 3063
M: +44 7825 195 178 M +61 409 210 462
David Ovington Amar Jambaa
T +44 20 7781 2051 T +61 3 9283 3627
M +44 7920 010 978 M +61 472 865 948
===================================== ================================
Group Company Secretary Joint Company Secretary
Steve Allen Tim Paine
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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