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

Dow Jones
03-28

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10