RNS Number : 0860Z
Antofagasta PLC
01 April 2026
NEWS RELEASE, 1 APRIL 2026
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 2026, 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
65,507
28,074
O. Araneda
COO
7,827
3,354
M. Ortiz
CFO
7,045
3,018
G. Barcelo
Vice President, People and Organisation
7,045
3,018
M. Larraín
Vice President, Planning and Technical Services
7,045
3,018
K. Jenny
Vice President, Corporate Affairs
5,478
2,349
A. Vial
Vice President, Sustainability
3,835
1,644
P. Enei
Vice President, Legal
7,045
3,018
R. Aguilar
Vice President, Strategy and Innovation
7,045
3,018
R. Bravo
Vice President, Sales
5,478
2,349
J. Bermudez
Vice President, Projects
5,478
2,349
N. Rivera
General Manager, Minera Centinela
7,827
3,354
P.Chacana
General Manager, Minera Los Pelambres
7,045
3,018
M. Osses
General Manager, Minera Zaldívar
5,478
2,349
I. Fadic
General Manager, Minera Antucoya
6,105
2,616
D. Fernandez
General Manager, FCAB
4,226
1,812
Total number of Shares to which awards relate
159,509
68,358
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 as of 31 December 2028, and to continued employment. Performance awards will normally vest three years following their grant date and only to the extent that the performance conditions relating to those awards, as measured on 31 December 2028, have been met.
Restricted awards are subject to continued employment and normally one third will vest in March 2027, one third in March 2028 and the final third in March 2029.
The above transaction took place outside of a trading venue.
2. The Company announces that, on 29 March 2026, restricted awards granted under the LTIP on 29 March 2025 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
17,049
567,334
O. Araneda
COO
1,893
62,993
M. Ortiz
CFO
1,893
62,993
G. Barcelo
Vice President, People and Organisation
1,893
62,993
M. Larraín
Vice President, Planning and Technical Services
1,893
62,993
K. Jenny
Vice President, Corporate Affairs
1,472
48,983
A. Vial
Vice President, Sustainability
1,031
34,308
P. Enei
Vice President, Legal
1,693
56,337
R. Aguilar
Vice President, Strategy and Innovation
1,893
62,993
R. Bravo
Vice President, Sales
1,472
48,983
J. Bermudez
Vice President, Projects
1,472
48,983
N. Rivera
General Manager, Minera Centinela
1,472
48,983
M. Osses
General Manager, Minera Zaldívar
1,185
39,433
I. Fadic
General Manager, Minera Antucoya
1,472
48,983
D. Fernandez
General Manager, FCAB
1,136
37,802
Total number of Shares to which awards relate that vested and cash received
38,919
1,295,094
The market value of the Shares on the date the awards vested was £ 33.2767.
The above transaction took place outside of a trading venue.
3. The Company announces that, on 29 March 2026, restricted awards granted under the LTIP on 29 March 2024 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
13,789
458,852
O. Araneda
COO
1,785
59,399
M. Ortiz
CFO
1,785
59,399
G. Barcelo
Vice President, People and Organisation
1,785
59,399
M. Larraín
Vice President, Planning and Technical Services
1,785
59,399
K. Jenny
Vice President, Corporate Affairs
1,388
46,188
A. Vial
Vice President, Sustainability
859
28,585
P. Enei
Vice President, Legal
1,596
53,110
R. Aguilar
Vice President, Strategy and Innovation
1,785
59,399
R. Bravo
Vice President, Sales
988
32,877
J. Bermudez
Vice President, Projects
1,388
46,188
M. Osses
General Manager, Minera Zaldívar
1,117
37,170
I. Fadic
General Manager, Minera Antucoya
1,388
46,188
Total number of Shares to which awards relate that vested and cash received
31,438
1,046,153
The market value of the Shares on the date the awards vested was £ 33.2767.
The above transaction took place outside of a trading venue.
4. The Company announces that, on 29 March 2026, 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
472,163
O. Araneda
COO
2,390
79,531
M. Ortiz
CFO
2,390
79,531
G. Barcelo
Vice President, People and Organisation
1,859
61,861
M. Larraín
Vice President, Planning and Technical Services
2,390
79,531
K. Jenny
Vice President, Corporate Affairs
1,859
61,861
A. Vial
Vice President, Sustainability
1,151
38,301
P. Enei
Vice President, Legal
2,138
71,146
R. Aguilar
Vice President, Strategy and Innovation
2,390
79,531
R. Bravo
Vice President, Sales
1,323
44,025
M. Osses
General Manager, Minera Zaldívar
620
20,632
I. Fadic
General Manager, Minera Antucoya
1,859
61,861
Total number of Shares to which awards relate that vested and cash received
34,558
1,149,974
The market value of the Shares on the date the awards vested was £ 33.2767.
The above transaction took place outside of a trading venue.
5. The Company announces that, on 29 March 2026, performance 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
99,321
3,215,838
O. Araneda
COO
16,729
541,655
M. Ortiz
CFO
16,729
541,655
G. Barcelo
Vice President, People and Organisation
13,011
421,273
M. Larraín
Vice President, Planning and Technical Services
16,729
541,655
K. Jenny
Vice President, Corporate Affairs
13,011
421,273
A. Vial
Vice President, Sustainability
3,451
111,737
P. Enei
Vice President, Legal
14,962
484,443
R. Aguilar
Vice President, Strategy and Innovation
16,729
541,655
R. Bravo
Vice President, Sales
3,971
128,574
M. Osses
General Manager, Minera Zaldívar
1,858
60,159
I. Fadic
General Manager, Minera Antucoya
13,011
421,273
Total number of Shares to which awards relate that vested and cash received
229,512
7,431,190
The overall performance score in connection with these awards was 97.3%.
The market value of the Shares on the date the awards vested was £ 33.2767.
The above transaction took place outside of a trading venue.
Investors - London Media - London
Rosario Orchard rorchard@antofagasta.co.uk Sara Powell antofagasta@fticonsulting.com
Robert Simmons rsimmons@antofagasta.co.uk Ben Brewerton
Telephone +44 20 7808 0988 Nick Hennis
Telephone +44 20 3727 1000
Media - Santiago
Pablo Orozco porozco@aminerals.cl
Carolina Pica cpica@aminerals.cl
Telephone +56 2 2798 7000
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