REG - Antofagasta PLC - NOTIFICATION OF TRANSACTIONS <Origin Href="QuoteRef">ANTO.L</Origin>

AntofagastaAnnouncement

03/04/2017 10:01

RNS Number : 2732B
Antofagasta PLC
03 April 2017
NEWS RELEASE, 3 APRIL 2017
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 30 March 2017, 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, Antofagasta plc
76,070
32,602
A. Atucha
Vice President, Finance and Administration, CFO
31,120
13,337
H. Menares
Vice President, Operations
31,120
13,337
G. Snchez
Vice President, Sales
19,363
8,299
F. Veloso
Vice President, Institutional Relations
19,363
8,299
A. M. Rabagliati
Vice President, Human Resources
19,363
8,299
R. Aguilar
Vice President, Corporate Affairs and Sustainability
17,289
7,409
P. Enei
Vice President, Legal
16,597
7,113
F. Walther
Corporate Manager, Projects
13,831
5,928
A. Luksic
Vice President, Development
16,597
7,113
A. Hevia
General Manager, Minera Centinela
17,289
7,409
R. Mayne Nicholls
General Manager, Twin Metals Minnesota
17,289
7,409
M. Larran
General Manager, Minera Los Pelambres
17,289
7,409
R. Jorquera
General Manager, Minera Antucoya
13,831
5,928
L. Gonzlez
General Manager, Minera Zaldvar
13,831
5,928
M. Ortz
General Manager, FCAB
13,831
5,928
Total number of Shares to which awards relate
354,073
151,747
These are awards granted under the LTIP which the Company has established to reward senior executives in a way that aligns their interests with the interests of shareholders and with the Company'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 (2017-2019), 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 2018, one third in March 2019 and the final third in March 2020.
The above transaction took place outside of a trading venue.
2. The Company announces that, on 19 March 2017, 22 March 2017 and 25 March 2017, restricted awards granted under the LTIP on 19 March 2014, 25 March 2015 and 22 March 2016 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, Antofagasta plc
24,104
202,202
A. Atucha
Vice President, Finance and Administration, CFO
18,031
151,017
H. Menares
Vice President, Operations
21,276
178,122
G. Snchez
Vice President, Sales
13,540
113,352
F. Veloso
Vice President, Institutional Relations
13,540
113,352
A. M. Rabagliati
Vice President, Human Resources
13,540
113,352
P. Enei
Vice President, Legal
11,605
97,156
F. Walther
Corporate Manager, Projects
9,671
80,963
A. Luksic
Vice President, Development
5,139
43,090
R. Mayne Nicholls
General Manager, Twin Metals Minnesota
11,741
98,300
R. Jorquera
General Manager, Minera Antucoya
9,671
80,963
L. Gonzlez
General Manager, Minera Zaldvar
2,716
22,837
M. Ortz
General Manager, FCAB
2,037
17,128
Total number of Shares to which awards relate that vested and cash received
156,611
1,311,834
The market value of the Shares on the date the awards vested was 8.34 for the restricted awards granted on 19 March 2014, 8.37 for the restricted awards granted on 25 March 2015 and 8.41 for the restricted awards granted on 22 March 2016.
The above transaction took place outside of a trading venue.
3. The Company announces that, on 30 March 2017, performance awards granted under the LTIP on 19 March 2014 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
A. Atucha
Vice President, Finance and Administration, CFO
14,373
59,240
H. Menares
Vice President, Operations
19,762
81,451
G. Snchez
Vice President, Sales
12,576
51,833
F. Veloso
Vice President, Investor Relations
12,576
51,833
A. M. Rabagliati
Vice President, Human Resources
12,576
51,833
P. Enei
Vice President, Legal
10,779
44,427
F. Walther
Corporate Manager, Projects
8,983
37,024
A. Luksic
Vice President, Development
2,515
10,366
R. Mayne Nicholls
General Manager, Twin Metals Minnesota
10,779
44,427
R. Jorquera
General Manager, Minera Antucoya
8,983
37,024
Total number of Shares to which awards relate that vested and cash received
113,902
469,458
The market value of the Shares on the date the awards vested was 8.34.
The above transaction took place outside of a trading venue.
 
Investors - London   Media (Brunswick)
Andrew Lindsay alindsay@antofagasta.co.uk  Carole Cable antofagasta@brunswickgroup.com
Paresh Bhanderi   pbhanderi@antofagasta.co.uk  Will Medveiantofagasta@brunswickgroup.com
Telephone  +44 20 7808 0988  Telephone +44 20 7404 5959
Investors - Santiago  
Francisco Velosofveloso@aminerals.cl
Telephone+56 2 2798 7000
 

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