REG - Antofagasta PLC - LTIP Awards Announcement

AntofagastaAnnouncement

01/04/2020 10:00

RNS Number : 3693I
  
Antofagasta PLC
  
01 April 2020
  
 

NEWS RELEASE, 1 APRIL 2020
 
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 27 March 2020, 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


 105,295 


 45,126 




M. Ortiz


Vice President, Finance and Administration


 29,719 


 12,738 




A. Luksic


Vice President, Development


 29,719 


 12,738 




A. Rabagliati


Vice President, Human Resources


 29,719 


 12,738 




F. Walther


Vice President, Projects


 29,719 


 12,738 




G. Sanchez


Vice President, Sales


 25,262 


 10,827 




H. Menares


Vice President, Operations


 38,211 


 16,377 




P. Enei


Vice President, Legal


 29,719 


 12,738 




R. Aguilar


Vice President, Corporate Affairs and Sustainability


 38,211 


 16,377 




A. Hevia


Vice President, Strategy and Innovation


 34,177 


 14,649 




C. Espinoza


General Manager, Minera Centinela


 29,719 


 12,738 




L. Gonzalez


General Manager, Minera Antucoya


 22,928 


 9,825 




L. Sanchez


General Manager, Minera Zaldivar


 22,928 


 9,825 




M. Larrain


General Manager, Minera Los Pelambres


 34,177 


 14,649 




K. Jenny


General Manager, FCAB


 22,928 


 9,825 




Total number of Shares to which awards relate


 522,431 


 223,908 




 
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 (2020-2022), 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 2021, one third in March 2022 and the final third in March 2023.
 
The above transaction took place outside of a trading venue.
 
2.          The Company announces that, on 28 March 2020, 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

GBP




I. Arriagada


CEO


 15,628 


 117,077 




A. Atucha


CFO


 3,349 


 25,088 




M. Ortiz


Vice President, Finance and Administration


 2,009 


 15,053 




A. Luksic


Vice President, Development


 2,214 


 16,586 




A. Rabagliati


Vice President, Human Resources


 2,605 


 19,512 




F. Walther


Vice President, Projects


 2,605 


 19,512 




G. Sanchez


Vice President, Sales


 2,214 


 16,586 




H. Menares


Vice President, Operations


 3,349 


 25,088 




P. Enei


Vice President, Legal


 2,605 


 19,512 




R. Aguilar


Vice President, Corporate Affairs and Sustainability


 2,605 


 19,512 




A. Hevia


Vice President, Strategy and Innovation


 2,605 


 19,512 




C. Espinoza


General Manager, Minera Centinela


 1,240 


 9,292 




L. Gonzalez


General Manager, Minera Antucoya


 2,009 


 15,053 




L. Sanchez


General Manager, Minera Zaldivar


 2,009 


 15,053 




M. Larrain


General Manager, Minera Los Pelambres


 2,605 


 19,512 




K. Jenny


General Manager, FCAB


 1,240 


 9,292 




Total number of Shares to which awards relate that vested and cash received


 50,891 


 381,241 




               
The market value of the Shares on the date the awards vested was £7.4913.
 
The above transaction took place outside of a trading venue.
               
 
3.           The Company announces that, on 29 March 2020, restricted awards granted under the LTIP on 29 March 2019 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


 11,074 


 82,959 




A. Atucha


CFO


 3,691 


 27,651 




M. Ortiz


Vice President, Finance and Administration


 2,547 


 19,080 




A. Luksic


Vice President, Development


 2,440 


 18,279 




A. Rabagliati


Vice President, Human Resources


 2,871 


 21,508 




F. Walther


Vice President, Projects


 2,871 


 21,508 




G. Sanchez


Vice President, Sales


 2,440 


 18,279 




H. Menares


Vice President, Operations


 3,691 


 27,651 




P. Enei


Vice President, Legal


 2,871 


 21,508 




R. Aguilar


Vice President, Corporate Affairs and Sustainability


 3,302 


 24,736 




A. Hevia


Vice President, Strategy and Innovation


 3,302 


 24,736 




C. Espinoza


General Manager, Minera Centinela


 2,044 


 15,312 




L. Gonzalez


General Manager, Minera Antucoya


 2,215 


 16,593 




L. Sanchez


General Manager, Minera Zaldivar


 2,215 


 16,593 




M. Larrain


General Manager, Minera Los Pelambres


 3,302 


 24,736 




K. Jenny


General Manager, FCAB


 1,550 


 11,612 




Total number of Shares to which awards relate that vested and cash received


 52,426 


 392,741 




 
               
The market value of the Shares on the date the awards vested was £7.4913.
 
The above transaction took place outside of a trading venue.
 
4.           The Company announces that, on 30 March 2020, 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

GBP




I. Arriagada


CEO


 10,867 


 81,107 




A. Atucha


CFO


 4,446 


 33,179 




M. Ortiz


Vice President, Finance and Administration


 1,976 


 14,748 




A. Luksic


Vice President, Development


 2,371 


 17,696 




A. Rabagliati


Vice President, Human Resources


 2,766 


 20,646 




F. Walther


Vice President, Projects


 1,976 


 14,748 




G. Sanchez


Vice President, Sales


 2,766 


 20,646 




H. Menares


Vice President, Operations


 4,446 


 33,179 




P. Enei


Vice President, Legal


 2,371 


 17,696 




R. Aguilar


Vice President, Corporate Affairs and Sustainability


 2,470 


 18,432 




A. Hevia


Vice President, Strategy and Innovation


 2,470 


 18,432 




C. Espinoza


General Manager, Minera Centinela


 593 


 4,423 




L. Gonzalez


General Manager, Minera Antucoya


 1,976 


 14,748 




L. Sanchez


General Manager, Minera Zaldivar


 988 


 7,374 




M. Larrain


General Manager, Minera Los Pelambres


 2,470 


 18,432 




K. Jenny


General Manager, FCAB


 593 


 4,423 




Total number of Shares to which awards relate that vested and cash received


 45,544 


 339,908 




               
The market value of the Shares on the date the awards vested was £7.4633.
               
The above transaction took place outside of a trading venue.
 
5.           The Company announces that, on 30 March 2020, performance 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

GBP




I. Arriagada


CEO


 76,070 


 369,028 




A. Atucha


CFO


 31,120 


 150,968 




M. Ortiz


Vice President, Finance and Administration


 13,831 


 67,096 




A. Luksic


Vice President, Development


 16,597 


 80,515 




A. Rabagliati


Vice President, Human Resources


 19,363 


 93,933 




F. Walther


Vice President, Projects


 13,831 


 67,096 




G. Sanchez


Vice President, Sales


 19,363 


 93,933 




H. Menares


Vice President, Operations


 31,120 


 150,968 




P. Enei


Vice President, Legal


 16,597 


 80,515 




R. Aguilar


Vice President, Corporate Affairs and Sustainability


 17,289 


 83,872 




A. Hevia


Vice President, Strategy and Innovation


 17,289 


 83,872 




C. Espinoza


General Manager, Minera Centinela


 4,149 


 20,127 




L. Gonzalez


General Manager, Minera Antucoya


 13,831 


 67,096 




L. Sanchez


General Manager, Minera Zaldivar


 6,915 


 33,546 




M. Larrain


General Manager, Minera Los Pelambres


 17,289 


 83,872 




K. Jenny


General Manager, FCAB


 4,149 


 20,127 




Total number of Shares to which awards relate that vested and cash received


 318,803 


 1,546,566 




 
               
The overall performance score in connection with these awards was 65.0%. The market value of the Shares on the date the awards vested was £7.4633.
               
The above transaction took place outside of a trading venue.
 
 
 
                                                                                                                                                                                                                
Investors - London                                                                                 Media - London
Andrew Lindsay                    alindsay@antofagasta.co.uk                Carole Cable         antofagasta@brunswickgroup.com 
Telephone                               +44 20 7808 0988                                 Telephone               +44 20 7404 5959
Andres Vergara                    avergara@antofagasta.co.uk                Will Medvei          antofagasta@brunswickgroup.com
Telephone                               +44 20 7808 0988                                 Telephone               +44 20 7404 5959
 
                                                                                                                   Media - Santiago 
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