REG - Antofagasta PLC - Long Term Incentive Plan <Origin Href="QuoteRef">ANTO.L</Origin>
RNS Number : 6061IAntofagasta PLC26 March 2015NEWS RELEASE, 26 MARCH, 2015
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 25 March 2015, 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
N Shares to which awards relate
Performance Awards
Restricted Awards
I. Arriagada
CEO, Antofagasta Minerals
35,645
35,645
H. Menares
Vice President, Operations
26,140
26,140
R. Muhr
Vice President, Mining Resources
19,011
19,011
F. Veloso
Vice President, Corporate Affairs and Sustainability
16,635
16,635
G. Snchez
Vice President, Sales
16,635
16,635
A. M. Rabagliati
Vice President, Human Resources
16,635
16,635
A. Atucha
Vice President, Finance and Administration, CFO
21,387
21,387
I. Arnguiz
Vice President, Projects
14,259
14,259
P. Enei
Vice President, Legal
14,259
14,259
R. Mayne Nicholls
General Manager, Minera Los Pelambres
14,259
14,259
R. Jorquera
General Manager, Minera Antucoya
11,882
11,882
P. Troncoso
General Manager, Minera Michilla
11,882
11,882
A. Sougarret
General Manager, Minera Centinela
16,635
16,635
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 (2015-2017), 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 2016, one third in March 2017 and the final third in March 2018.
Investors - LondonMedia (Brunswick)
Andrew Lindsayalindsay@antofagasta.co.uk Carole Cable antofagasta@brunswickgroup.com
Paresh Bhanderi pbhanderi@antofagasta.co.uk Robin Wrench antofagasta@brunswickgroup.com
Telephone+44 20 7808 0988 Telephone +44 20 7404 5959
Investors - Santiago
Alfredo Atucha aatucha@aminerals.cl
Telephone+56 2 2798 7000
This information is provided by RNSThe company news service from the London Stock ExchangeENDRDSEASDKAEKSEFF
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