20th Oct 2009 17:29
Rio Tinto plc
20 October 2009
Rio Tinto Share Savings Plan ("SSP")
The SSP is a savings-related share option plan which is open to employees in the UK and elsewhere. Under the plan, participants can save up to £250 per month, or equivalent in local currency, for a maximum of five years. At the end of the savings period participants may exercise an option over shares granted at a discount of up to 20 per cent to the market value at the time of grant. The number of options to which participants are entitled is determined by the option price, the savings amount and the length of the savings contract. No consideration is paid or payable by the participant on receipt of the options.
Rio Tinto plc announces that, on 20 October 2009 in London, the following persons discharging managerial responsibility ("PDMR") of the Company was granted options over ordinary shares, as detailed in the table below:
|
No of Options Granted |
Price per Share |
Date from which first exercisable |
Expiry Date |
|
|
Hugo Bague |
84 |
£21.48 |
1 January 2013 |
1 July 2013 |
This announcement is made in accordance with the requirements of the Financial Services Authority Disclosure and Transparency Rules 3.1.2 to 3.1.4.
|
Enquiries: |
Pat Sims Rio Tinto plc Tel: 020 7781 1910 |
Related Shares:
Rio Tinto