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Rio Tinto to hold Australia shareholder vote on dual listing following Palliser pressure

March 5, 2025 at 4:00 pm

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Rio Tinto’s decision to grant its Australian shareholders the opportunity to vote on a resolution calling for an independent review of its dual-listing structure has been welcomed by London-based activist hedge fund Palliser Capital.

The global mining giant amended the notice of its annual general meeting (AGM) on Tuesday, ensuring that shareholders of Rio Tinto Limited — the company’s Australian-listed entity — can cast their votes on the proposed review.

Palliser Capital, which has been advocating for governance changes at Rio Tinto, has been pushing for an assessment of whether the dual-listing structure, which splits Rio Tinto’s corporate base between London and Sydney, remains in the best interest of shareholders.