Notification of Management Transactions

RNS Number : 6267J
Antofagasta PLC
03 April 2018
 

 

NEWS RELEASE, 3 APRIL 2018

 

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 

This announcement is a notification made pursuant to Article 19 of the EU Market Abuse Regulation 596/2014

 

1.            Antofagasta plc (LEI: 213800MY6QVH4FVLD628) (the "Company") announces that, on 28 March 2018, awards calculated by reference to the value of ordinary shares of 5 pence each in the Company (ISIN: GB0000456144) ("Shares") were granted under the Antofagasta Long Term Incentive Plan (the "LTIP") to the Persons Discharging Managerial Responsibility ("PDMR") set out below:

 

Name of PDMR

Position of PDMR

N° of Shares to which awards relate

Performance Awards

Restricted Awards

I. Arriagada

CEO

 109,397

 46,885

A. Atucha

Vice President, Finance and Administration, CFO

 23,442

 10,047

A. Luksic

Vice President, Development

 15,498

 6,642

A. Rabagliati

Vice President, Human Resources

 18,233

 7,814

F. Veloso

Vice President, Investor Relations

 12,763

 5,470

F. Walther

Vice President, Projects

 18,233

 7,814

G. Sanchez

Vice President, Sales

 15,498

 6,642

H. Menares

Vice President, Operations

 23,442

 10,047

P. Enei

Vice President, Legal

 18,233

 7,814

R. Aguilar

Vice President, Corporate Affairs and Sustainability

 18,233

 7,814

A. Hevia

General Manager, Minera Centinela

 18,233

 7,814

L. Gonzalez

General Manager, Minera Antucoya

 14,065

 6,028

L. Sanchez

General Manager, Minera Zaldivar

 14,065

 6,028

M. Larrain

General Manager, Minera Los Pelambres

 18,233

 7,814

M. Ortiz

General Manager, FACB

 14,065

 6,028

Total number of Shares to which awards relate

 351.633

 150,701

 

These are awards granted under the LTIP which the Antofagasta group (the "Group") has established to reward senior executives in a way that aligns their interests with the interests of shareholders and with the Group's long-term strategic plan.  Directors of the Company are not eligible to participate in the LTIP.

 

Awards granted under the LTIP are conditional rights to receive a cash payment by reference to the number of Shares relating to the relevant award which vests under the LTIP.  The cash payment is determined by reference to the market value of the Shares at vesting.  No Shares are issued to participants in the LTIP.  No consideration was paid for the grant of any awards.

 

Performance awards are subject both to certain performance conditions, which are measured over a three year period (2018-2020), and to continued employment.  Performance awards will normally vest only after the end of the three year performance period and only to the extent that those performance conditions are met.

 

Restricted awards are subject to continued employment and normally one third will vest in March 2019, one third in March 2020 and the final third in March 2021.

 

The above transaction took place outside of a trading venue.

 

2.             The Company announces that, on 30 March 2018, restricted awards granted under the LTIP on 30 March 2017 and calculated by reference to the value of Shares vested to the PDMRs set out below:

Name of PDMR

Position of PDMR

N° of Shares to which awards relate that vested

Amount of cash received
GBP

I. Arriagada

CEO

 10,867

 100,689

A. Atucha

Vice President, Finance and Administration, CFO

 4,446

 41,191

A. Luksic

Vice President, Development

 2,371

 21,968

A. Rabagliati

Vice President, Human Resources

 2,766

 25,631

F. Veloso

Vice President, Investor Relations

 2,766

 25,631

F. Walther

Vice President, Projects

 1,976

 18,308

G. Sanchez

Vice President, Sales

 2,766

 25,631

H. Menares

Vice President, Operations

 4,446

 41,191

P. Enei

Vice President, Legal

 2,371

 21,968

R. Aguilar

Vice President, Corporate Affairs and Sustainability

 2,470

 22,882

A. Hevia

General Manager, Minera Centinela

 2,470

 22,882

L. Gonzalez

General Manager, Minera Antucoya

 1,976

 18,308

L. Sanchez

General Manager, Minera Zaldivar

 988

 9,154

M. Larrain

General Manager, Minera Los Pelambres

 2,470

 22,882

M. Ortiz

General Manager, FACB

 1,976

 18,308

Total number of Shares to which awards relate that vested and cash received

 47,125

 436,626

 

The market value of the Shares on the date the awards vested was £9.27.

 

The above transaction took place outside of a trading venue.

 

3.             The Company announces that, on 28 March 2018, performance awards granted under the LTIP on 25 March 2015 calculated by reference to the value of Shares vested to the PDMRs set out below:

Name of PDMR

Position of PDMR

N° of Shares to which awards relate that vested

Amount of cash received
GBP

I. Arriagada

CEO

 35,645

 289,187

A. Atucha

Vice President, Finance and Administration, CFO

 21,387

 173,512

A. Luksic

Vice President, Development

 4,753

 38,561

A. Rabagliati

Vice President, Human Resources

 16,635

 134,959

F. Veloso

Vice President, Investor Relations

 16,635

 134,959

F. Walther

Vice President, Projects

 11,882

 96,394

G. Sanchez

Vice President, Sales

 16,635

 134,959

H. Menares

Vice President, Operations

 26,140

 212,073

P. Enei

Vice President, Legal

 14,259

 115,679

Total number of Shares to which awards relate that vested and cash received

 163,970

 1,330,283

 

The overall performance score in connection with these awards was 85.0%. The market value of the Shares on the date the awards vested was £9.54.

 

The above transaction took place outside of a trading venue.

 

Investors - London


Media - London






Andrew Lindsay 

alindsay@antofagasta.co.uk

Carole Cable

antofagasta@brunswickgroup.com

Andres Vergara

avergara@antofagasta.co.uk 

Will Medvei

antofagasta@brunswickgroup.com

Telephone

+44 20 7808 0988

Telephone

+44 20 7404 5959





Investors - Santiago


Media - Santiago


Francisco Veloso

fveloso@aminerals.cl

Pablo Orozco

porozco@aminerals.cl

Telephone

+56 2 2798 7000

Carolina Pica

cpica@aminerals.cl



Telephone

+56 2 2798 7000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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