REG - Antofagasta PLC - Notification of Management Transactions

AntofagastaAnnouncement

03/04/2018 11:25

RNS Number : 6267J
Antofagasta PLC
03 April 2018
 

 
NEWS RELEASE, 3 APRIL 2018
 
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 28 March 2018, 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


 109,397


 46,885




A. Atucha


Vice President, Finance and Administration, CFO


 23,442


 10,047




A. Luksic


Vice President, Development


 15,498


 6,642




A. Rabagliati


Vice President, Human Resources


 18,233


 7,814




F. Veloso


Vice President, Investor Relations


 12,763


 5,470




F. Walther


Vice President, Projects


 18,233


 7,814




G. Sanchez


Vice President, Sales


 15,498


 6,642




H. Menares


Vice President, Operations


 23,442


 10,047




P. Enei


Vice President, Legal


 18,233


 7,814




R. Aguilar


Vice President, Corporate Affairs and Sustainability


 18,233


 7,814




A. Hevia


General Manager, Minera Centinela


 18,233


 7,814




L. Gonzalez


General Manager, Minera Antucoya


 14,065


 6,028




L. Sanchez


General Manager, Minera Zaldivar


 14,065


 6,028




M. Larrain


General Manager, Minera Los Pelambres


 18,233


 7,814




M. Ortiz


General Manager, FACB


 14,065


 6,028




Total number of Shares to which awards relate


 351.633


 150,701




 
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 (2018-2020), 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 2019, one third in March 2020 and the final third in March 2021.
 
The above transaction took place outside of a trading venue.
 
2.             The Company announces that, on 30 March 2018, 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


 100,689




A. Atucha


Vice President, Finance and Administration, CFO


 4,446


 41,191




A. Luksic


Vice President, Development


 2,371


 21,968




A. Rabagliati


Vice President, Human Resources


 2,766


 25,631




F. Veloso


Vice President, Investor Relations


 2,766


 25,631




F. Walther


Vice President, Projects


 1,976


 18,308




G. Sanchez


Vice President, Sales


 2,766


 25,631




H. Menares


Vice President, Operations


 4,446


 41,191




P. Enei


Vice President, Legal


 2,371


 21,968




R. Aguilar


Vice President, Corporate Affairs and Sustainability


 2,470


 22,882




A. Hevia


General Manager, Minera Centinela


 2,470


 22,882




L. Gonzalez


General Manager, Minera Antucoya


 1,976


 18,308




L. Sanchez


General Manager, Minera Zaldivar


 988


 9,154




M. Larrain


General Manager, Minera Los Pelambres


 2,470


 22,882




M. Ortiz


General Manager, FACB


 1,976


 18,308




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


 47,125


 436,626




 
The market value of the Shares on the date the awards vested was £9.27.
 
The above transaction took place outside of a trading venue.
 
3.             The Company announces that, on 28 March 2018, performance awards granted under the LTIP on 25 March 2015 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


 35,645


 289,187




A. Atucha


Vice President, Finance and Administration, CFO


 21,387


 173,512




A. Luksic


Vice President, Development


 4,753


 38,561




A. Rabagliati


Vice President, Human Resources


 16,635


 134,959




F. Veloso


Vice President, Investor Relations


 16,635


 134,959




F. Walther


Vice President, Projects


 11,882


 96,394




G. Sanchez


Vice President, Sales


 16,635


 134,959




H. Menares


Vice President, Operations


 26,140


 212,073




P. Enei


Vice President, Legal


 14,259


 115,679




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


 163,970


 1,330,283




 
The overall performance score in connection with these awards was 85.0%. The market value of the Shares on the date the awards vested was £9.54.
 
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




Andres Vergara


avergara@antofagasta.co.uk 


Will Medvei


antofagasta@brunswickgroup.com




Telephone


+44 20 7808 0988


Telephone


+44 20 7404 5959






















Investors - Santiago






Media - Santiago








Francisco Veloso


fveloso@aminerals.cl


Pablo Orozco


porozco@aminerals.cl




Telephone


+56 2 2798 7000


Carolina Pica


cpica@aminerals.cl












Telephone


+56 2 2798 7000




 



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