Published by Global Banking & Finance Review®
Posted on February 19, 2025
1 min readLast updated: January 26, 2026
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Rio Tinto urges London shareholders to vote against a dual-listing review, claiming it is not in the company's best interests.
(Reuters) - Rio Tinto, the world's largest iron ore producer, on Thursday recommended its shareholders in London to vote against a resolution requesting a review of its dual-listed structure.
"The board considers that the resolution is not in the best interests of Rio Tinto as a whole and has recommended that shareholders of Rio Tinto plc vote against the resolution," the miner said.
Activist investor Palliser Capital and more than 100 other shareholders last year sought a resolution over a review of Rio Tinto's dual-listed model, saying about $50 billion in shareholder value had already been lost due to the current setup.
(Reporting by Sameer Manekar in Bengaluru; Editing by Anil D'Silva)
Rio Tinto recommended its shareholders in London to vote against a resolution requesting a review of its dual-listed structure.
The board believes that the resolution is not in the best interests of Rio Tinto as a whole.
Activist investor Palliser Capital, along with more than 100 other shareholders, sought the resolution for a review of Rio Tinto's dual-listed model.
The activists claim that about $50 billion in shareholder value has been affected by the dual-listed structure.
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