MELBOURNE, May 1 (Reuters) - Rio Tinto RIO.AX, RIO.L said on Thursday that 19.35% of its shareholders had voted for a review of the company's dual-listed structure.
Under UK regulations, a vote of 20% or more would have required the company to consult more widely with shareholders.
Activist investor Palliser Capital has campaigned for Rio Tinto, which is listed in London and in Sydney, to unify the two into a single holding company in Australia.
Palliser argues that doing away with the current structure could unlock $28 billion in value for holders of Rio Tinto's London shares.
(Reporting by Melanie Burton; Additional reporting by Himandshi Akhand; Editing by Edwina Gibbs)
((melanie.burton@thomsonreuters.com Twitter: @MelanieMetals; +613 9286 1421; Reuters Messaging: melanie.burton.thomsonreuters.com@reuters.net))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.