Apr 01, 2025 (The Australian - ABIX via COMTEX) --
A motion for Rio Tinto to undertake a review of its dual-listed structure will be presented to shareholders of its UK stock on Thursday, followed by a vote by investors in its Australian-listed shares on 1 May. The motion has been put forward by hedge fund Palliser Capital, and will require the support of at least 75 per cent of all shareholders. Goldman Sachs has estimated that the total cost to Rio Tinto of shifting to a primary listing in Australia could be within a range of $US7bn to $US15bn ($11bn to $24bn). The investment bank also warns that any such move would affect Rio Tinto's ability to pay fully franked dividends to its Australian shareholders..
Publication Date: 2 April 2025
RIO TINTO LIMITED - ASX RIO
PALLISERACAPITAL UK LIMITED
THE GOLDMAN SACHS GROUP INCORPORATED
COMTEX_464142767/2229/2025-04-01T17:43:39
By Brad Thompson
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