20th Oct 2008 16:18
Rio Tinto plc
20 October 2008
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 17 October 2008 in London, the following persons discharging managerial responsibility ("PDMRs") of the Company were each 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 |
|
|
Preston Chiaro |
304 |
£20.50 |
1 January 2011 |
1 April 2011 |
|
Guy Elliott |
520 |
£32.17 |
1 January 2014 |
1 July 2014 |
As a result, the total numbers of Rio Tinto plc shares over which options or conditional awards are held following notification are:
|
Rio Tinto Share Savings Plan |
Rio Tinto Share Option Plan |
Total Share Options |
Rio Tinto Mining Companies Comparative Plan |
Total Conditional Share Awards |
|
|
Preston Chiaro |
602 |
290,324 |
290,926 |
121,781 |
121,781 |
|
Guy Elliott |
1,951 |
444,417 |
446,368 |
148,140 |
148,140 |
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: |
Gemma Aldridge Assistant Secretary Rio Tinto plc Tel: 020 7781 1419 |
Related Shares:
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