NOTIFICATION OF TRANSACTIONS

Antofagasta PLC
03 April 2024
 

NEWS RELEASE, 3 APRIL 2024

 

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 

This announcement is a notification made pursuant to Article 19 of the UK version of the EU Market Abuse Regulation 596/2014, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

 

1.        Antofagasta plc (LEI: 213800MY6QVH4FVLD628) (the "Company") announces that, on 29 March 2024, 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

96,527

41,367

O. Araneda

COO

12,492

5,355

M. Ortiz

CFO

12,492

5,355

G.  Barcelo

Vice President, People and Organisation

12,492

5,355

M.  Larraín

Vice President, Planning and Technical Services

12,492

5,355

A.  Luksic

Vice President, Development

12,492

5,355

R.  Aguilar

Vice President, Corporate Affairs and Sustainability

12,492

5,355

P. Enei

Vice President, Legal

11,175

4,788

A. Muchnik

Vice President, Strategy and Innovation

9,717

4,164

G. Sánchez

Vice President, Sales

9,717

4,164

J. Bermudez

Vice President, Projects

9,717

4,164

C. Espinoza

General Manager, Minera Centinela

12,492

5,355

A. Vasquez

General Manager, Minera Los Pelambres

12,492

5,355

L. González

General Manager, Minera Zaldívar

12,492

5,355

I. Fadic

General Manager, Minera Antucoya

9,717

4,164

K. Jenny

General Manager, FCAB

9,717

4,164

Total number of Shares to which awards relate

268,715

115,170

 

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 (2024 - 2027), 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 2025, one third in March 2026 and the final third in March 2027.

 

The above transaction took place outside of a trading venue.

 

2.        The Company announces that, on 29 March 2024, restricted awards granted under the LTIP on 29 March 2023 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

14,189

283,804

O. Araneda

COO

2,390

47,804

M. Ortiz

CFO

2,390

47,804

G.  Barcelo

Vice President, People and Organisation

1,859

37,183

M.  Larraín

Vice President, Planning and Technical Services

2,390

47,804

A.  Luksic

Vice President, Development

2,390

47,804

R.  Aguilar

Vice President, Corporate Affairs and Sustainability

2,390

47,804

P. Enei

Vice President, Legal

2,138

42,764

A. Muchnik

Vice President, Strategy and Innovation

1,859

37,183

G. Sánchez

Vice President, Sales

1,859

37,183

C. Espinoza

General Manager, Minera Centinela

2,390

47,804

A. Vasquez

General Manager, Minera Los Pelambres

2,390

47,804

L. González

General Manager, Minera Zaldívar

1,859

37,183

I. Fadic

General Manager, Minera Antucoya

1,859

37,183

K. Jenny

General Manager, FCAB

1,859

37,183

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

44,211

884,294

 

 

The market value of the Shares on the date the awards vested was £20.0017.

The above transaction took place outside of a trading venue.

 

3.        The Company announces that, on 29 March 2024, restricted awards granted under the LTIP on 29 March 2022 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

7,526

150,533

M. Ortiz

CFO

1,953

39,063

G.  Barcelo

Vice President, People and Organisation

1,519

30,383

M.  Larraín

Vice President, Planning and Technical Services

1,953

39,063

A.  Luksic

Vice President, Development

1,953

39,063

R.  Aguilar

Vice President, Corporate Affairs and Sustainability

1,953

39,063

P. Enei

Vice President, Legal

1,747

34,943

A. Muchnik

Vice President, Strategy and Innovation

1,519

30,383

G. Sánchez

Vice President, Sales

1,519

30,383

C. Espinoza

General Manager, Minera Centinela

1,953

39,063

A. Vasquez

General Manager, Minera Los Pelambres

1,953

39,063

L. González

General Manager, Minera Zaldívar

1,519

30,383

I. Fadic

General Manager, Minera Antucoya

1,082

21,642

K. Jenny

General Manager, FCAB

1,519

30,383

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

29,668

593,411

 

 

The market value of the Shares on the date the awards vested was £20.0017.

The above transaction took place outside of a trading venue.

 

4.          The Company announces that, on 29 March 2024, restricted awards granted under the LTIP on 29 March 2021 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

5,635

112,710

M. Ortiz

CFO

1,745

34,903

M.  Larraín

Vice President, Planning and Technical Services

1,745

34,903

A.  Luksic

Vice President, Development

1,745

34,903

R.  Aguilar

Vice President, Corporate Affairs and Sustainability

1,951

39,023

P. Enei

Vice President, Legal

1,745

34,903

A. Muchnik

Vice President, Strategy and Innovation

939

18,782

G. Sánchez

Vice President, Sales

1,517

30,343

C. Espinoza

General Manager, Minera Centinela

1,745

34,903

L. González

General Manager, Minera Zaldívar

1,170

23,402

I. Fadic

General Manager, Minera Antucoya

1,080

21,602

K. Jenny

General Manager, FCAB

1,517

30,343

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

22,534

450,720

 

 

The market value of the Shares on the date the awards vested was £20.0017.

The above transaction took place outside of a trading venue.

 

5.        The Company announces that, on 29 March 2024, performance awards granted under the LTIP on 29 March 2021 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

39,442

788,907

M. Ortiz

CFO

12,211

244,241

M.  Larraín

Vice President, Planning and Technical Services

12,211

244,241

A.  Luksic

Vice President, Development

12,211

244,241

R.  Aguilar

Vice President, Corporate Affairs and Sustainability

13,652

273,063

P. Enei

Vice President, Legal

12,211

244,241

A. Muchnik

Vice President, Strategy and Innovation

2,818

56,365

G. Sánchez

Vice President, Sales

10,619

212,398

C. Espinoza

General Manager, Minera Centinela

12,211

244,241

L. González

General Manager, Minera Zaldívar

8,193

163,874

I. Fadic

General Manager, Minera Antucoya

3,240

64,806

K. Jenny

General Manager, FCAB

10,619

212,398

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

149,638

2,993,016

 

The overall performance score in connection with these awards was 100%.

The market value of the Shares on the date the awards vested was £20.0017.

 

The above transaction took place outside of a trading venue.

 

 

 

Investors - London

 

 

Media - London

Rosario Orchard

rorchard@antofagasta.co.uk

Carole Cable

antofagasta@brunswickgroup.com

Robert Simmons

rsimmons@antofagasta.co.uk

Telephone

+44 20 7404 5959

Telephone

+44 20 7808 0988



 

 

 

 

 

 

Media - Santiago



Pablo Orozco

porozco@aminerals.cl 



Carolina Pica

cpica@aminerals.cl



Telephone

+56 2 2798 7000

 

 

 

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