Source - LSE Regulatory
RNS Number : 1835U
Antofagasta PLC
31 March 2021
 

NEWS RELEASE, 31 MARCH 2021

 

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 2021, 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

39,442

16,905

M. Ortiz

CFO

12,211

5,235

A. Luksic

Vice President, Development

12,211

5,235

A. Rabagliati

Vice President, Human Resources

12,211

5,235

F. Walther

Vice President, Projects

12,211

5,235

G. Sanchez

Vice President, Sales

10,619

4,551

H. Menares

Vice President, Operations

13,652

5,853

P. Enei

Vice President, Legal

12,211

5,235

R. Aguilar

Vice President, Corporate Affairs and Sustainability

13,652

5,853

A. Hevia

Vice President, Strategy and Innovation

10,619

4,551

C. Espinoza

General Manager, Minera Centinela

12,211

5,235

L. Gonzalez

General Manager, Minera Antucoya

8,193

3,510

JC. Castillo

General Manager, Minera Zaldívar

8,193

3,510

M. Larrain

General Manager, Minera Los Pelambres

12,211

5,235

K. Jenny

General Manager, FCAB

10,619

4,551

Total number of Shares to which awards relate

200,466

85,929

 

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 (2021-2023), 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 2022, one third in March 2023 and the final third in March 2024.

 

The above transaction took place outside of a trading venue.

 

2.         The Company announces that, on 27 March 2021, restricted awards granted under the LTIP on 27 March 2020 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

15,042

250,650

M. Ortiz

CFO

4,246

70,753

A. Luksic

Vice President, Development

4,246

70,753

A. Rabagliati

Vice President, Human Resources

4,246

70,753

F. Walther

Vice President, Projects

4,246

70,753

G. Sanchez

Vice President, Sales

3,609

60,138

H. Menares

Vice President, Operations

5,459

90,965

P. Enei

Vice President, Legal

4,246

70,753

R. Aguilar

Vice President, Corporate Affairs and Sustainability

5,459

90,965

A. Hevia

Vice President, Strategy and Innovation

4,883

81,367

C. Espinoza

General Manager, Minera Centinela

4,246

70,753

L. Gonzalez

General Manager, Minera Antucoya

3,275

54,572

JC. Castillo

General Manager, Minera Zaldívar

3,023

50,373

M. Larrain

General Manager, Minera Los Pelambres

4,883

81,367

K. Jenny

General Manager, FCAB

3,275

54,572

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

74,384

1,239,485

 

The market value of the Shares on the date the awards vested was £16.6633

               

               The above transaction took place outside of a trading venue.

 

3.         The Company announces that, on 29 March 2021, restricted awards granted under the LTIP on 29 March 2019 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

11,074

183,312

M. Ortiz

CFO

2,547

42,161

A. Luksic

Vice President, Development

2,440

40,390

A. Rabagliati

Vice President, Human Resources

2,871

47,525

F. Walther

Vice President, Projects

2,871

47,525

G. Sanchez

Vice President, Sales

2,440

40,390

H. Menares

Vice President, Operations

3,691

61,098

P. Enei

Vice President, Legal

2,871

47,525

R. Aguilar

Vice President, Corporate Affairs and Sustainability

3,302

54,659

A. Hevia

Vice President, Strategy and Innovation

3,302

54,659

C. Espinoza

General Manager, Minera Centinela

2,044

33,835

L. Gonzalez

General Manager, Minera Antucoya

2,215

36,666

JC. Castillo

General Manager, Minera Zaldívar

2,044

33,835

M. Larrain

General Manager, Minera Los Pelambres

3,302

54,659

K. Jenny

General Manager, FCAB

1,550

25,658

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

48,564

803,896

 

                The market value of the Shares on the date the awards vested was £16.5533

 

                The above transaction took place outside of a trading venue.

 

4.           The Company announces that, on 28 March 2021, restricted awards granted under the LTIP on 28 March 2018 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

15,628

260,420

M. Ortiz

CFO

2,009

33,482

A. Luksic

Vice President, Development

2,214

36,893

A. Rabagliati

Vice President, Human Resources

2,605

43,402

F. Walther

Vice President, Projects

2,605

43,402

G. Sanchez

Vice President, Sales

2,214

36,893

H. Menares

Vice President, Operations

3,349

55,806

P. Enei

Vice President, Legal

2,605

43,402

R. Aguilar

Vice President, Corporate Affairs and Sustainability

2,605

43,402

A. Hevia

Vice President, Strategy and Innovation

2,605

43,402

C. Espinoza

General Manager, Minera Centinela

1,240

20,668

L. Gonzalez

General Manager, Minera Antucoya

2,009

33,482

JC. Castillo

General Manager, Minera Zaldívar

1,240

20,668

M. Larrain

General Manager, Minera Los Pelambres

2,605

43,402

K. Jenny

General Manager, FCAB

1,240

20,668

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

46,773

779,394

 

The market value of the Shares on the date the awards vested was £16.6633

               

The above transaction took place outside of a trading venue.

 

 

5.           The Company announces that, on 28 March 2021, performance awards granted under the LTIP on 28 March 2018 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

109,397

1,801,044

M. Ortiz

CFO

14,065

231,557

A. Luksic

Vice President, Development

15,498

255,149

A. Rabagliati

Vice President, Human Resources

18,233

300,177

F. Walther

Vice President, Projects

18,233

300,177

G. Sanchez

Vice President, Sales

15,498

255,149

H. Menares

Vice President, Operations

23,442

385,934

P. Enei

Vice President, Legal

18,233

300,177

R. Aguilar

Vice President, Corporate Affairs and Sustainability

18,233

300,177

A. Hevia

Vice President, Strategy and Innovation

18,233

300,177

C. Espinoza

General Manager, Minera Centinela

3,721

61,260

L. Gonzalez

General Manager, Minera Antucoya

14,065

231,557

JC. Castillo

General Manager, Minera Zaldívar

3,721

61,260

M. Larrain

General Manager, Minera Los Pelambres

18,233

300,177

K. Jenny

General Manager, FCAB

3,721

61,260

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

312,526

5,145,232

 

The overall performance score in connection with these awards was 98.8%. The market value of the Shares on the date the awards vested was £16.6633

               

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

Telephone

+44 20 7808 0988

Telephone

+44 20 7404 5959

Andres Vergara

avergara@antofagasta.co.uk 

 

 

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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