EX-99.3 4 ex03d04pdmr2.htm EXHIBIT 99.3 Exhibit


Exhibit 99.3
Notice to ASX/LSE
Rio Tinto

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

4 June 2019

Rio Tinto notifies the London Stock Exchange (LSE) of PDMR/KMP interests in securities of Rio Tinto plc, in compliance with the EU Market Abuse Regulation. As part of its dual listed company structure, Rio Tinto voluntarily notifies the Australian Securities Exchange (ASX) of material dealings in Rio Tinto plc shares by PDMR/KMP and both the ASX and the LSE of material dealings by PDMR/KMP in Rio Tinto Limited securities.

Performance Share Plan 2013 ("PSP")

The PSP is a performance based share plan which provides participants with the conditional right (known as a Performance Share Award or PSA) to receive Rio Tinto plc or Rio Tinto Limited shares, subject to performance conditions being met, under the terms of the Rio Tinto plc PSP and Rio Tinto Limited PSP respectively.

The 2014 PSA award which vested in 2019 is subject to two performance conditions. Two thirds of the award is subject to Total Shareholder Return (TSR) performance and the remaining third to an earnings based measure of Relative EBIT Margin. The TSR part of the award vested on 28 February 2019 and the remaining third of the 2014 PSA award vested on 31 May 2019.

On 31 May 2019, the following PDMRs received their vested PSA award in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions. The balance that did not vest due to the application of performance conditions has now lapsed.


Security
Name of PDMR /
KMP
Conditional Award Granted in 2014
Award subject to EBIT performance adjustment
No. of Shares Vested*
No. of Shares Sold
Price per Share
No. of Shares Retained
Rio Tinto plc shares
Barrios, Alfredo
43,568
14,522
5,088
2,801
45.103312 GBP
2,287
Rio Tinto plc shares
Jacques,
Jean-Sébastien
70,057
23,352
8,264
4,011
45.103312 GBP
4,253
Rio Tinto Limited shares
Salisbury, Christopher
7,994
2,664
912
433
100.43
AUD
479
Rio Tinto Limited shares
Trott, Simon
5,135
1,711
585
N/A
N/A
585


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On 3 June 2019, the following PDMRs received their vested PSA award in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions. The balance that did not vest due to the application of performance conditions has now lapsed.


Security
Name of PDMR /
KMP
Conditional Award Granted in 2014
Award subject to EBIT performance adjustment
No: of Shares Vested*
No: of Shares Sold
Price per Share
No: of Shares Retained
Rio Tinto plc shares
Baatar, Bold

7,765
2,588
915
261
45.375 GBP
654
Rio Tinto Limited shares
Soirat, Arnaud
16,326
5,441
1,864
900
98.7 AUD
964


*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted, in accordance with the PSP rules.

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: 2.2. Inside information disclosed under article 19 of the Market Abuse Regulation



Steve Allen
Group Company Secretary

Tim Paine
Joint Company Secretary
Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2058
Registered in England
No. 719885
Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404


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