Rio Tinto PLC Director/PDMR Shareholding (9086S)

TIDMRIO

RNS Number : 9086S

Rio Tinto PLC

19 March 2021

Shareholdings of persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)

19 March 2021

As part of its dual listed company structure, Rio Tinto notifies dealings in Rio Tinto plc and Rio Tinto Limited securities by PDMR/KMPs to both the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE).

Rio Tinto Equity Incentive Plan 2018 (EIP)

Bonus Deferral Awards, Performance Share Awards and Management Share Awards

The Remuneration Committee has approved a partial deferral of the 2020 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). These awards will vest on 1 December 2023.

Performance Share Awards (PSA) are granted under the EIP and provide participants with the conditional right, subject to performance conditions being met, to receive shares. The 2021 PSA will be measured against the Total Shareholder Return performance conditions after five years (as at the end of 2025 ).

Management Share Awards (MSA) are granted under the EIP and provide participants with a conditional right to receive Rio Tinto plc or Rio Tinto Limited shares, subject to continuous employment. These awards will vest on 19 February 2024.

Consistent with the terms of both the current remuneration policy and the new remuneration policy submitted to shareholders for a vote at the 2021 Annual General Meetings, the following PDMR/KMPs were awarded the following share awards on 18 March 2021:

 
                                       Rio Tinto plc                        Rio Tinto Limited 
 PDMR/KMP                No. of shares       No. of         No. of    No. of shares   No. of shares 
                            awarded       shares awarded    shares       awarded         awarded 
                             as BDA           as PSA        awarded       as BDA          as PSA 
                                                            as MSA 
                        --------------  ----------------  ---------  --------------  -------------- 
 Baatar, Bold                6,583           54,005 
                        --------------  ----------------  ---------  --------------  -------------- 
 Barrios, Alfredo            7,497           54,652 
                        --------------  ----------------  ---------  --------------  -------------- 
 Cunningham, Peter(1)        1,402            9,564         4,781 
                        --------------  ----------------  ---------  --------------  -------------- 
 Kaufman, Sinead                                                          1,408          41,207 
                        --------------  ----------------  ---------  --------------  -------------- 
 Soirat, Arnaud              6,979           51,602 
                        --------------  ----------------  ---------  --------------  -------------- 
 Stausholm, Jakob            9,680           103,510 
                        --------------  ----------------  ---------  --------------  -------------- 
 Toth, Peter                 2,412           39,603 
                        --------------  ----------------  ---------  --------------  -------------- 
 Trott, Simon                6,392           49,571 
                        --------------  ----------------  ---------  --------------  -------------- 
 Vella, Ivan                 1,525           51,025 
                        --------------  ----------------  ---------  --------------  --------------

1. Peter Cunningham, in his role as interim Chief Financial officer, remains eligible to receive his 2021 share awards as a mix of BDA, PSA and MSA.

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 2000        T +61 3 9283 3333 
 Registered in England     Registered in Australia 
 No. 719885                ABN 96 004 458 404

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March 19, 2021 11:01 ET (15:01 GMT)

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