Rio Tinto Management Should Focus on Delivery, Not Listing Review, Polar Capital Says -- Market Talk

Dow Jones
03-31

1016 GMT - Rio Tinto's management should be focused on the delivery of its strategy rather than being distracted by a review into its listing status, Polar Capital's George Godber tells Dow Jones Newswires. The miner has several challenging projects that require the full attention of its management team, he says. While Rio Tinto's dual-listed structure presents some issues, Godber says he is confident that the board undertook a thorough investigation before it concluded a new review is not in the interests of shareholders. London-listed investors will vote this week on a resolution requisitioned by Palliser Capital and other investors which calls for an independent review into Rio's dual-listed structure. Polar holds a roughly 30-million-pound stake in Rio Tinto, according to Refinitiv data. London-listed shares are down 3.7% at 4,539.50 pence. (adam.whittaker@wsj.com)

 

(END) Dow Jones Newswires

March 31, 2025 06:17 ET (10:17 GMT)

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