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Share Capital - Rio Tinto Limited
12 Months Ended
Dec. 31, 2018
Disclosure Of Classes Of Share Capital [Abstract]  
Share capital - Rio Tinto Limited

28 Share capital – Rio Tinto Limited

 

 

 

2018

 

 

2017

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

Number

 

Number

 

Number

 

 

2018

 

 

2017

 

 

2016

 

 

(million)

 

(million)

 

(million)

 

US$m

 

US$m

 

US$m

 

Issued and fully paid up share capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At 1 January

 

412.41

 

 

424.19

 

 

424.19

 

 

4,140

 

 

3,915

 

 

3,950

 

Adjustment on currency translation

 

 

 

 

 

 

 

 

 

 

(382

)

 

310

 

 

(35

)

Ordinary shares purchased and cancelled (a) (b)

 

(41.20

)

 

(11.78

)

 

-

 

 

(281

)

 

(85

)

 

-

 

At 31 December

 

371.21

 

 

412.41

 

 

424.19

 

 

3,477

 

 

4,140

 

 

3,915

 

– Special Voting Share (c)

1 only

 

1 only

 

1 only

 

 

 

 

 

 

 

 

 

 

– DLC Dividend Share (c)

1 only

 

1 only

 

1 only

 

 

 

 

 

 

 

 

 

 

Total share capital

 

371.21

 

 

412.41

 

 

424.19

 

 

 

 

 

 

 

 

 

 

 

(a)

In November 2018, 41,198,134 Rio Tinto Limited ordinary shares were purchased at A$69.69 per share and cancelled under an off-market share buy-back programme carried out pursuant to the shareholder approval granted at Rio Tinto Limited’s 2018 annual general meeting for off-market and on-market buy-backs of up to 41.2 million Rio Tinto Limited ordinary shares.

(b)

In November 2017, 11,778,064 Rio Tinto Limited ordinary shares were purchased at A$63.67 per share and cancelled under an off-market share buy-back programme carried out pursuant to the shareholder approval granted at Rio Tinto Limited’s 2017 annual general meeting for off-market and on-market buy-backs of up to 42.4 million Rio Tinto Limited ordinary shares.

(c)

The “Special Voting Share” was issued to facilitate the joint voting by shareholders of Rio Tinto Limited and Rio Tinto plc 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.

 

 

During 2018, US$114 million of shares (2017: US$37.5 million; 2016: US$48.5 million) were purchased by employee share ownership trusts on behalf of Rio Tinto Limited to satisfy future share options and awards as they vest. At 31 December 2018, 1,416,728 shares were held in the employee share ownership trusts on behalf of Rio Tinto Limited.

Information relating to share options and other share-based incentive schemes is given in note 43.