REG - Antofagasta PLC - Long Term Incentive Plan <Origin Href="QuoteRef">ANTO.L</Origin>

AntofagastaAnnouncement

23/03/2016 10:15

RNS Number : 0256T
Antofagasta PLC
23 March 2016
NEWS RELEASE, 23 MARCH 2016
Long Term Incentive Plan awards to 
Persons Discharging Managerial Responsibility
Disclosures notified in accordance with DTR 3.1.2R
Antofagasta plc (the "Company") announces that, on 22 March 2016, awards calculated by reference to the value of ordinary shares in the Company ("Shares") were granted under the Antofagasta Long Term Incentive Plan (the "LTIP") to Persons Discharging Managerial Responsibility ("PDMR") of the Company as set out below:
Name
Position
No. of Shares to which awards relate
Performance Awards
Restricted Awards
I. Arriagada
CEO, Antofagasta Minerals
85,559
36,668
H. Menares
Vice President, Operations
41,829
17,927
A. Atucha
Vice President, Finance and Administration, CFO
42,780
18,334
F. Veloso
Vice President, Corporate Affairs and Sustainability
26,618
11,408
G. Snchez
Vice President, Sales
26,618
11,408
A. M. Rabagliati
Vice President, Human Resources
26,618
11,408
A. Luksic
Vice President, Development
19,013
8,148
F. Walther
Corporate Manager, Projects
19,013
8,148
P. Enei
Vice President, Legal
22,816
9,778
A. Sougarret
General Manager, Minera Centinela
23,766
10,186
R. Mayne Nicholls
General Manager, Minera Los Pelambres
23,766
10,186
R. Jorquera
General Manager, Minera Antucoya
19,013
8,148
L. Gonzlez
General Manager, Minera Zaldvar
19,013
8,148
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 vest 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 (2016-2018), 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 2017, one third in March 2018 and the final third in March 2019.
 
Investors - London   Media - London
Andrew Lindsay  alindsay@antofagasta.co.uk        Carole Cable antofagasta@brunswickgroup.com 
Paresh Bhanderi   pbhanderi@antofagasta.co.uk       Will Medvei antofagasta@brunswickgroup.com
Telephone   +44 20 7808 0988 Telephone +44 20 7404 5959
Investors - Santiago  Media - Santiago 
Alfredo Atucha   aatucha@aminerals.clPablo Orozco  porozco@aminerals.cl 
Telephone   +56 2 2798 7000 Carolina Picacpica@aminerals.cl
Telephone  +56 2 2798 7000
  

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