Rio Tinto (RIO) Buy-Back: Tender opens 9 October 2018

On Thursday 20 September 2018, Rio Tinto (RIO) announced a $3.2 billion share buy-back programme of which $2.7 billion will be an off-market share buy-back offer. It is due to open for tender on Tuesday 9 October 2018 and close on Friday 9 November 2018 (7:00pm Melbourne time).

It is expected that Rio Tinto will send an information booklet about the buy-back to all eligible shareholders in early October 2018.

How to accept the offer

Eligible shareholders who wish to participate in the buy-back will be able to submit their acceptance from Tuesday 9 October 2018 through one of the following options:

  • The preferred and most efficient method for all shareholders is to accept the offer through the Rio Tinto online buyback portal before 7:00pm Melbourne time 9 November 2018

Click here to accept the offer online through the Rio Tinto online acceptance form

  • Alternatively, you can contact us by phone or email before 5:00pm AEDT 7 November 2018, or by post (must be received before 7 November 2018)

If you have RIO shares currently lodged as collateral for your Exchange Traded Option positions, you would need to submit a recall request before accepting the buyback offer.

Please be aware that you will be required to provide other stock or cash collateral to cover your Option positions.

Buy-Back tender timetable*:

Event Date
Buy-Back tender ex-entitlement date: the date that shares commence trading on the ASX on an ex-Buy-Back tender basis Tuesday 25 September 2018
Buy-Back record date: determination of ‘Eligible Shareholders’ entitled to participate in the Buy-Back tender Wednesday 26 September 2018
Distribution of Buy-Back tender documents to shareholders is expected to be dispatched Early October 2018
Tender period opens Tuesday 9 October 2018
Tender period closes: Tenders must be received by the Registry no later than 7:00pm (Melbourne time) Friday 9 November 2018
Buy-Back tender date: Announcement of Buy-Back tender price and scale-back (if any) determined of Buy-Back tender contracts entered into Monday 12 November 2018
Buy-Back tender proceeds paid to successful shareholders and updated holding statements dispatched Monday 19 November 2018

*While Rio Tinto does not anticipate any changes to these dates and times, it reserves the right to vary them by announcement to the ASX. Dates are based upon a Melbourne timeline.

Further information

If you have any queries regarding the buy-back offer or the buy-back booklet, please visit the Rio Tinto website or contact the Rio Tinto Shareholder Information Line on 1800 813 292.

This content is for information purposes only and should not be considered as a recommendation to buy, sell, hold or participate in the Rio Tinto buy-back offer. We accept no responsibility, or liability for any inaccuracies contained in this notice.