22nd Feb 2011 18:31
Rio Tinto plc
Director/PDMR Shareholding
22 February 2011
Rio Tinto Mining Companies Comparative Plan ("MCCP")
Rio Tinto Management Share Plan ("MSP")
The MCCP is a performance based share plan which provides participants with the conditional right, subject to performance conditions being met, to receive ordinary shares of 10p each ("shares").
The MSP is a service based award which provides participants with an award of shares which vests subject to continuous employment.
At the time of vesting, participants in these share plans can elect to receive their awards for nil consideration either as shares or as cash from the proceeds of a sale of shares.
Rio Tinto plc announces that, on 21 February 2011, Tom Albanese and Jacynthe Coté, persons discharging managerial responsibility ("PDMR's") of the Company, received their vested awards in the form of shares of which sufficient were sold to pay applicable withholding tax and other deductions.
MCCP
Name | Conditional Award Granted | No of Shares Lapsed | No of Shares Vested | No of Shares Sold | Sale Price per Share | No of Shares Retained |
Tom Albanese | 53,412 | 33,971 | 19,441 | 10,302 | £43.330 | 9,139 |
MSP
Name | Conditional Award Granted | Dividend Shares Entitlement | No of Shares Vested | No of Shares Sold | Sale Price per Share | No of Shares Retained |
Jacynthe Coté | 7,296 | 197 | 7,493 | 3,698 | £43.811 | 3,795 |
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.
For further information, please contact:
Secretarial Department
Pat Sims
Office: +44 (0) 20 7781 1910
Website: www.riotinto.com
Related Shares:
Rio Tinto