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    Home > Finance > Rio Tinto recommends London shareholders vote against dual-listing review
    Finance

    Rio Tinto recommends London shareholders vote against dual-listing review

    Published by Global Banking & Finance Review®

    Posted on February 19, 2025

    1 min read

    Last updated: January 26, 2026

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    Tags:London Stock Exchangecorporate governanceInvestment managementfinancial community

    Quick Summary

    Rio Tinto urges London shareholders to vote against a dual-listing review, claiming it is not in the company's best interests.

    Rio Tinto Urges London Shareholders to Reject Dual-Listing Review

    (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)

    Key Takeaways

    • •Rio Tinto advises London shareholders to reject a dual-listing review.
    • •The board believes the resolution is not in the company's best interests.
    • •Activist investor Palliser Capital supports the review.
    • •Over $50 billion in shareholder value reportedly lost due to current setup.
    • •The recommendation affects Rio Tinto plc shareholders.

    Frequently Asked Questions about Rio Tinto recommends London shareholders vote against dual-listing review

    1What did Rio Tinto recommend to its London shareholders?

    Rio Tinto recommended its shareholders in London to vote against a resolution requesting a review of its dual-listed structure.

    2Why does Rio Tinto oppose the dual-listing review?

    The board believes that the resolution is not in the best interests of Rio Tinto as a whole.

    3Who is pushing for the dual-listing review?

    Activist investor Palliser Capital, along with more than 100 other shareholders, sought the resolution for a review of Rio Tinto's dual-listed model.

    4What is the estimated shareholder value at stake?

    The activists claim that about $50 billion in shareholder value has been affected by the dual-listed structure.

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