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Rio Tinto Limited ( (AU:RIO) ) has provided an announcement.
A disclosure filing under the UK Takeover Code shows that Peter Cunningham, a person acting in concert with Rio Tinto plc and Rio Tinto Limited in relation to an offer, holds an interest in 79,216.912673 Rio Tinto plc 10p ordinary shares, including a portion held by a close relative, with no reported short positions or cash-settled derivatives. The filing also details Cunningham’s rights to subscribe for additional Rio Tinto plc shares through various bonus deferral awards, the Global Employee Share Plan and an equity incentive plan, underlining the breadth of his equity-linked exposure to the company during an offer period and providing transparency to investors and regulators about insider and concert party holdings.
The most recent analyst rating on (AU:RIO) stock is a Buy with a A$171.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
More about Rio Tinto Limited
Rio Tinto Limited, part of the dual-listed Rio Tinto Group alongside Rio Tinto plc, is a global mining and metals company focused on the exploration, extraction and processing of mineral resources. Its primary products include iron ore, aluminium, copper and other industrial metals, supplying key raw materials to steelmakers, manufacturers and infrastructure projects worldwide.
Average Trading Volume: 1,278,484
Technical Sentiment Signal: Buy
Current Market Cap: A$222.7B
For a thorough assessment of RIO stock, go to TipRanks’ Stock Analysis page.