REG - Antofagasta PLC - Notification of Managerial Transactions
RNS Number : 0108VAntofagasta PLC03 April 2019NEWS RELEASE, 3 APRIL 2019
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 29 March 2019, 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
77,516
33,222
A. Atucha
Vice President, Finance and Administration, CFO
25,840
11,073
A. Luksic
Vice President, Development
17,083
7,320
A. Rabagliati
Vice President, Human Resources
20,097
8,613
F. Walther
Vice President, Projects
20,097
8,613
G. Sanchez
Vice President, Sales
17,083
7,320
H. Menares
Vice President, Operations
25,840
11,073
P. Enei
Vice President, Legal
20,097
8,613
R. Aguilar
Vice President, Corporate Affairs and Sustainability
23,110
9,906
A. Hevia
General Manager, Minera Centinela
23,110
9,906
L. Gonzalez
General Manager, Minera Antucoya
15,503
6,645
L. Sanchez
General Manager, Minera Zaldivar
15,503
6,645
M. Larrain
General Manager, Minera Los Pelambres
23,110
9,906
M. Ortiz
General Manager, FCAB
17,829
7,641
Total number of Shares to which awards relate
341,818
146,496
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 (2019-2021), 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 2020, one third in March 2021 and the final third in March 2022.
The above transaction took place outside of a trading venue.
2. The Company announces that, on 28 March 2019, 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
GBPI. Arriagada
CEO
15,628
145,729
A. Atucha
Vice President, Finance and Administration, CFO
3,349
31,228
A. Luksic
Vice President, Development
2,214
20,645
A. Rabagliati
Vice President, Human Resources
2,605
24,288
F. Veloso
Vice President, Investor Relations
1,823
17,002
F. Walther
Vice President, Projects
2,605
24,288
G. Sanchez
Vice President, Sales
2,214
20,645
H. Menares
Vice President, Operations
3,349
31,228
P. Enei
Vice President, Legal
2,605
24,288
R. Aguilar
Vice President, Corporate Affairs and Sustainability
2,605
24,288
A. Hevia
General Manager, Minera Centinela
2,605
24,288
L. Gonzalez
General Manager, Minera Antucoya
2,009
18,736
L. Sanchez
General Manager, Minera Zaldivar
2,009
18,736
M. Larrain
General Manager, Minera Los Pelambres
2,605
24,288
M. Ortiz
General Manager, FCAB
2,009
18,736
Total number of Shares to which awards relate that vested and cash received
50,234
468,412
The market value of the Shares on the date the awards vested was £9.32.
3. The Company announces that, on 29 March 2019, performance awards granted under the LTIP on 22 March 2016 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
GBPI. Arriagada
CEO
85,559
482,861
A. Atucha
Vice President, Finance and Administration, CFO
42,780
241,433
A. Luksic
Vice President, Development
19,014
107,307
A. Rabagliati
Vice President, Human Resources
26,618
150,221
F. Veloso
Vice President, Investor Relations
26,618
150,221
F. Walther
Vice President, Projects
19,014
107,307
G. Sanchez
Vice President, Sales
26,618
150,221
H. Menares
Vice President, Operations
41,829
236,066
P. Enei
Vice President, Legal
22,816
128,764
L. Gonzalez
General Manager, Minera Antucoya
19,014
107,307
M. Ortiz
General Manager, FCAB
14,260
80,478
Total number of Shares to which awards relate that vested and cash received
344,140
1,942,189
The overall performance score in connection with these awards was 60.0%. The market value of the Shares on the date the awards vested was £9.41.
The above transaction took place outside of a trading venue.
4. The Company announces that, on 30 March 2019, 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
GBPI. Arriagada
CEO
10,867
102,218
A. Atucha
Vice President, Finance and Administration, CFO
4,446
41,816
A. Luksic
Vice President, Development
2,371
22,302
A. Rabagliati
Vice President, Human Resources
2,766
26,020
F. Veloso
Vice President, Investor Relations
2,766
26,020
F. Walther
Vice President, Projects
1,976
18,586
G. Sanchez
Vice President, Sales
2,766
26,020
H. Menares
Vice President, Operations
4,446
41,816
P. Enei
Vice President, Legal
2,371
22,302
R. Aguilar
Vice President, Corporate Affairs and Sustainability
2,470
23,230
A. Hevia
General Manager, Minera Centinela
2,470
23,230
L. Gonzalez
General Manager, Minera Antucoya
1,976
18,586
L. Sanchez
General Manager, Minera Zaldivar
988
9,293
M. Larrain
General Manager, Minera Los Pelambres
2,470
23,230
M. Ortiz
General Manager, FCAB
1,976
18,586
Total number of Shares to which awards relate that vested and cash received
47,125
443,255
The market value of the Shares on the date the awards vested was £9.41.
The above transaction took place outside of a trading venue.
Investors - London
Media - London
Andrew Lindsay
Carole Cable
+44 20 7808 0988
+44 20 7404 5959
Andres Vergara
Will Medvei
Telephone
+44 20 7808 0988
Telephone
+44 20 7404 5959
Investors - Santiago
Media - Santiago
Francisco Veloso
Pablo Orozco
Telephone
+56 2 2798 7000
Carolina Pica
Telephone
+56 2 2798 7000
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