Rio Tinto PLC Files Proxy Statement

Ticker: RTPPF · Form: DEFA14A · Filed: Oct 9, 2024 · CIK: 863064

Rio Tinto PLC DEFA14A Filing Summary
FieldDetail
CompanyRio Tinto PLC (RTPPF)
Form TypeDEFA14A
Filed DateOct 9, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$5.85, $3.08, $6.7 b, $10 billion
Sentimentneutral

Sentiment: neutral

Topics: proxy-statement, sec-filing, mining

TL;DR

Rio Tinto filed its proxy statement (DEFA14A) on Oct 9, 2024. Shareholders get to vote on company matters.

AI Summary

Rio Tinto PLC filed a DEFA14A, a proxy statement, on October 9, 2024. This filing is related to the company's annual general meeting and likely concerns shareholder proposals, director elections, or executive compensation. The filing involves two entities: Rio Tinto PLC (Central Index Key: 0000863064) and Rio Tinto Ltd (Central Index Key: 0000887028), both operating in the Metal Mining industry.

Why It Matters

This filing provides shareholders with crucial information regarding upcoming votes, enabling them to make informed decisions about the company's governance and direction.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEFA14A) and does not inherently indicate new risks.

Key Numbers

  • 1934 Act — SEC Act (Governing legislation for the filing)
  • 20241009 — Filing Date (Date the DEFA14A was filed)

Key Players & Entities

  • RIO TINTO PLC (company) — Registrant
  • RIO TINTO LTD (company) — Related Entity
  • 0000863064 (company) — Central Index Key for Rio Tinto PLC
  • 0000887028 (company) — Central Index Key for Rio Tinto Ltd
  • METAL MINING (industry) — SIC Code

FAQ

What is the purpose of a DEFA14A filing?

A DEFA14A filing, also known as a proxy statement, is required by the SEC when a company solicits proxies from its shareholders for an annual or special meeting. It provides shareholders with information about the matters to be voted on, such as director elections, executive compensation, and shareholder proposals.

Who are the main entities involved in this filing?

The main entities involved are Rio Tinto PLC (Central Index Key: 0000863064) and Rio Tinto Ltd (Central Index Key: 0000887028), both operating within the Metal Mining industry.

When was this DEFA14A filed?

This DEFA14A filing was made on October 9, 2024.

What is the Standard Industrial Classification (SIC) code mentioned for Rio Tinto?

The SIC code mentioned for both Rio Tinto PLC and Rio Tinto Ltd is 1000, which corresponds to Metal Mining.

What is the fiscal year end for Rio Tinto PLC and Rio Tinto Ltd?

The fiscal year end for both Rio Tinto PLC and Rio Tinto Ltd is December 31 (1231).

Filing Stats: 4,412 words · 18 min read · ~15 pages · Grade level 16.3 · Accepted 2024-10-09 06:03:02

Key Financial Figures

  • $5.85 — cadium in an all-cash transaction for US$5.85 per share (the "Transaction"). The Tran
  • $3.08 — m of 90% to Arcadium's closing price of $3.08 per share on 4 October 2024, a premium
  • $6.7 b — diluted share capital at approximately $6.7 billion1. The Transaction will bring Arca
  • $10 billion — to's group capital expenditure of up to $10 billion across 2025 and 2026. Right timing. Rio

Filing Documents

From the Filing

schedule14aarcadium9oct UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under §240.14a-12 Rio Tinto plc Rio Tinto Limited (Name of Registrant as Specified in its Charter) (Name of Registrant as Specified in its Charter) (Name Of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 On October 9, 2024, Rio Tinto plc and Rio Tinto Limited issued the following press release and investor material. Notice to ASX/LSE THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION Rio Tinto to acquire Arcadium Lithium 9 October 2024 World-class lithium business to strengthen Rio Tinto's position as global leader in energy transition commodities Counter-cyclical expansion into a high-growth market, aligned with Rio Tinto's long-term strategy and disciplined capital allocation framework Rio Tinto's scale, project development capabilities and financial strength to unlock full potential of Arcadium Lithium's Tier 1 resource base Rio Tinto and Arcadium Lithium plc ("Arcadium Lithium" or "Arcadium") (NYSE: ALTM) (ASX: LTM) today announced a definitive agreement (the "Transaction Agreement") under which Rio Tinto will acquire Arcadium in an all-cash transaction for US$5.85 per share (the "Transaction"). The Transaction represents a premium of 90% to Arcadium's closing price of $3.08 per share on 4 October 2024, a premium of 39% to Arcadium's volume-weighted average price (VWAP) since Arcadium was created on 4 January 2024, and values Arcadium's diluted share capital at approximately $6.7 billion1. The Transaction will bring Arcadium's world-class, complementary lithium business into Rio Tinto's portfolio, establishing a global leader in energy transition commodities – from aluminium and copper to high-grade iron ore and lithium. Arcadium is a global, fast-growing, vertically integrated lithium chemicals producer with an asset base of long-life, low-cost operations and growth projects. It has leading capabilities in lithium chemicals manufacturing and extraction processes, including hard-rock mining, conventional brine extraction and direct lithium extraction. Arcadium's current annual lithium production capacity across a range of products including lithium hydroxide and lithium carbonate is 75,000 tonnes lithium carbonate equivalent2, with expansion plans in place to more than double capacity by the end of 20283. Arcadium's global operations, comprising approximately 2,400 employees, include facilities and projects in Argentina, Australia, Canada, China, Japan, theUnited Kingdomand the United States. Rio Tinto Chief Executive Officer Jakob Stausholm said: "Acquiring Arcadium Lithium is a significant step forward in Rio Tinto's long-term strategy, creating a world-class lithium business alongside our leading aluminium and copper operations to supply materials needed for the energy transition. Arcadium Lithium is 1 Includes conversion of all outstanding convertible senior notes due 2025. 2 Excludes the Mt Cattlin spodumene operation. 3 Source: Arcadium Lithium company disclosures. Notice to ASX/LSE an outstanding business today and we will bring our scale, development capabilities and financial strength to realise the full potential of its Tier 1 portfolio. This is a counter-cyclical expansion aligned with our disciplined capital allocation framework, increasing our exposure to a high-growth, attractive market at the right point in the cycle. "We look forward to building on Arcadium Lithium's contributions to the countries and communities where it operates, drawing on the strong presence we already have in these regions. Our team has deep conviction in the long-term value that combining our offerings will deliver to all stakeholders." Arcadium Lithium CEO Paul Graves said: "We are confident that this is a compelling cash offer that reflects a full and fair long-term value for our business and de-risks our shareholders' exposure to the execution of our development portfolio and market volatility. Arcadium Lithium is a leading global lithium producer with the widest offering of lithium chemical products and a world-class manufacturing network, backed by a broad technology portfoli

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