Ninety One Trusts Rio Tinto's Board on Arguments Against Collapsing Dual-Listed Structure -- Market Talk

Dow Jones03-28

1549 GMT - Rio Tinto investor and investment-management company Ninety One is confident that the miner's board has done the necessary work to assess the merits of collapsing its dual-listed structure and trusts its view that it poses risks to shareholders, Portfolio Manager George Cheveley told Dow Jones Newswires. "We acknowledge that the structure is not ideal but believe Rio Tinto is at an exciting strategic point and want to see the management team focused on operational delivery," he added. U.K. hedge fund Palliser has tabled resolutions calling for an independent review into the miner's structure at its annual general meetings. Ninety One Ltd. has a $120 million stake in Rio Tinto PLC--or under 0.2% of its shares--according to data from Refinitiv. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

March 28, 2025 11:49 ET (15:49 GMT)

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U.K. hedge fund Palliser has tabled resolutions calling for an independent review into the miner's structure at its annual general meetings. Ninety One Ltd. has a $120 million stake in Rio Tinto PLC--or under 0.2% of its shares--according to data from Refinitiv. 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U.K. hedge fund Palliser has tabled resolutions calling for an independent review into the miner's structure at its annual general meetings. Ninety One Ltd. has a $120 million stake in Rio Tinto PLC--or under 0.2% of its shares--according to data from Refinitiv. (adam.whittaker@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 28, 2025 11:49 ET (15:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4168","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2522502293","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522502293","pubTimestamp":1743176940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1549 GMT - Rio Tinto investor and investment-management company Ninety One is confident that the miner's board has done the necessary work to assess the merits of collapsing its dual-listed structure and trusts its view that it poses risks to shareholders, Portfolio Manager George Cheveley told Dow Jones Newswires. \"We acknowledge that the structure is not ideal but believe Rio Tinto is at an exciting strategic point and want to see the management team focused on operational delivery,\" he added. 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U.K. hedge fund Palliser has tabled resolutions calling for an independent review into the miner's structure at its annual general meetings. Ninety One Ltd. has a $120 million stake in Rio Tinto PLC--or under 0.2% of its shares--according to data from Refinitiv. 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