Investors tell Rio to ditch issuance

Original article by Peter Ker
The Australian Financial Review – Page: 16 : 5-Mar-25

Rio Tinto CEO Jakob Stausholm recently indicated that the resources group is seriously considering a share placement in Australia. This would boost liquidity and help to reduce an imbalance whereby the London Stock Exchange accounts for about 77 per cent of the dual-listed company’ shares. However, Rio Tinto executives who met with Australian investors last week encountered strong resistance to any share issue. Wilson Asset Management portfolio manager Matt Haupt contended that Rio Tinto should instead opt for a bond issuance if it needs more cash.

CORPORATES
RIO TINTO LIMITED – ASX RIO, WILSON ASSET MANAGEMENT

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