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Share capital - Rio Tinto plc (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure Of Classes Of Share Capital [Abstract]  
Summary of share capital rio tinto plc

 

 

2017

 

 

2016

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

Number

 

Number

 

Number

 

 

2017

 

 

2016

 

 

2015

 

 

(million)

 

(million)

 

(million)

 

US$m

 

US$m

 

US$m

 

Issued and fully paid up share capital of 10p each

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At 1 January

 

1,384.520

 

 

1,384.487

 

 

1,425.378

 

 

224

 

 

224

 

 

230

 

Ordinary shares issued (a) (c)

 

0.026

 

 

0.033

 

 

0.022

 

 

-

 

 

-

 

 

-

 

Shares purchased and cancelled (b)

 

(32.937

)

 

-

 

 

(40.913

)

 

(4

)

 

-

 

 

(6

)

At 31 December

 

1,351.609

 

 

1,384.520

 

 

1,384.487

 

 

220

 

 

224

 

 

224

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares held by public

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At 1 January

 

1,374.822

 

 

1,374.046

 

 

1,414.147

 

 

 

 

 

 

 

 

 

 

Shares reissued from treasury (a)

 

0.147

 

 

0.743

 

 

0.790

 

 

 

 

 

 

 

 

 

 

Shares purchased and cancelled (b)

 

(32.937

)

 

-

 

 

(40.913

)

 

 

 

 

 

 

 

 

 

Ordinary shares issued (a) (c)

 

0.026

 

 

0.033

 

 

0.022

 

 

 

 

 

 

 

 

 

 

At 31 December

 

1,342.058

 

 

1,374.822

 

 

1,374.046

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares held in treasury

 

9.551

 

 

9.698

 

 

10.441

 

 

 

 

 

 

 

 

 

 

Shares held by public

 

1,342.058

 

 

1,374.822

 

 

1,374.046

 

 

 

 

 

 

 

 

 

 

Total share capital

 

1,351.609

 

 

1,384.520

 

 

1,384.487

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other share classes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Special Voting Share of 10p each (d)

1 only

 

1 only

 

1 only

 

 

 

 

 

 

 

 

 

 

DLC Dividend Share of 10p each (d)

1 only

 

1 only

 

1 only

 

 

 

 

 

 

 

 

 

 

Equalisation Share of 10p each (d)

1 only

 

1 only

 

1 only

 

 

 

 

 

 

 

 

 

 

 

(a)

26,241 ordinary shares were issued in 2017 under the Global Employee Share Plan (GESP). 147,126 ordinary shares were reissued from treasury during the year resulting from the vesting of awards and the exercise of options under Rio Tinto plc employee share-based payment plans, with exercise prices and market values between £28.63 and £37.78 per share (2016: 33,210 ordinary shares were issued under the GESP, and 743,380 ordinary shares were reissued from treasury with exercise prices and market values between £16.53 and £32.23 per share; 2015: 21,709 ordinary shares were issued under the GESP, and 789,887 ordinary shares reissued from treasury with exercise prices and market values between £15.09 and £32.37 per share).

(b)

The authority for the Company to buy back its ordinary shares was renewed at the 2017 annual general meeting. 32,937,109 shares were bought back and cancelled in 2017 under the on-market buy-back programme. No shares were bought back in 2016. 40,912,881 shares were bought back and cancelled in 2015 under the on-market buy-back programme.

(c)

The aggregate consideration for new shares issued under the GESP was US$1.0 million (2016: US$0.9 million; 2015: US$0.9 million). The difference between the nominal value and the issue price of the shares issued was credited to the share premium account. The aggregate consideration received for treasury shares reissued was US$2 million (2016: US$4 million; 2015: US$13 million). No new shares were issued as a result of the exercise of options under Rio Tinto plc employee share-based payment plans in 2017, 2016 and 2015.

(d)

The “Special Voting Share” was issued to facilitate the joint voting by shareholders of Rio Tinto plc and Rio Tinto Limited on Joint Decisions, following the DLC Merger. The “DLC Dividend Share” was issued to facilitate the efficient management of funds within the DLC structure. Directors have the ability to issue an Equalisation Share if that is required under the terms of the DLC Merger Sharing Agreement.