11th Mar 2008 18:11
Rio Tinto PLC11 March 2008 Rio Tinto plc11 March 2008 Rio Tinto Share Option Plan ("SOP") and Rio Tinto Mining Companies Comparative Plan ("MCCP") The SOP is a discretionary share option plan under which eligible employees aregranted an option to purchase a number of Rio Tinto plc shares in the future ata price set at the date of grant provided certain performance conditions aremet. The MCCP is a performance share plan which provides participants with theconditional right, subject to performance conditions being met, to receiveshares in the Company of 10p each ("ordinary shares"). Rio Tinto plc announces that, on 10 March 2008 in London, the following personsdischarging managerial responsibility ('PDMRs') of the Company were each grantedoptions over ordinary shares at a price of £57.232 under the Rio Tinto ShareOption Plan 2004. In addition, conditional share awards over ordinary sharesunder the MCCP at a price fixed at time of vesting were awarded, as detailed inthe table below: No. of options acquired under SOP No. of conditional share awards acquired under the MCCPTom Albanese 73,561 49,040Preston Chiaro 29,354 19,569Bret Clayton 28,342 18,894Guy Elliott 36,503 25,552Dick Evans 60,733 40,489Keith Johnson 22,696 15,887 The period during which the SOP options granted in 2008, as above, may beexercised is 10 March 2011 and 10 March 2018. Conditional awards under the MCCPare subject to performance conditions and the performance period ends on 31December 2011. Total number of shares over which options or conditional awards are heldfollowing notification: Rio Tinto Rio Tinto Total share MCCP Total conditional options share awards Share Savings Plan Share Option PlanTom Albanese* 791 742,423 743,214 194,122 194,122Preston Chiaro* 298 290,324 290,622 121,781 121,781Bret Clayton* 163 97,813 97,976 63,766 63,766Guy Elliott* 1,431 444,417 445,848 148,140 148,140Dick Evans 0 60,733 60,733 40,489 40,489Keith Johnson* 456 180,296 180,752 95,756 95,756 * The above PDMRs also have an interest in 879 shares as potentialbeneficiaries of the Rio Tinto Employee Share Ownership Trust. This announcement is made in accordance with the requirements of the FinancialServices Authority Disclosure and Transparency Rules 3.1.2 to 3.1.4. Enquiries: Mr M Whyte Assistant Secretary Rio Tinto plc Tel: 020 7781 1629 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Rio Tinto