REG - Antofagasta PLC - NOTIFICATION OF TRANSACTIONS
30/03/2023 16:45
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RNS Number : 8310U Antofagasta PLC 30 March 2023
NEWS RELEASE, 30 MARCH 2023
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 2023, 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 99,321 42,567
M. Ortiz CFO 16,729 7,170
A. Luksic Vice President, Development 16,729 7,170
G. Barcelo Vice President, Human Resources 13,011 5,577
F. Walther Vice President, Projects 14,962 6,414
G. Sanchez Vice President, Sales 13,011 5,577
M. Larrain Vice President, Northern Operations 16,729 7,170
A. Vasquez Vice President, Los Pelambres Operations 16,729 7,170
P. Enei Vice President, Legal 14,962 6,414
R. Aguilar Vice President, Corporate Affairs and Sustainability 16,729 7,170
A. Muchnik Vice President, Strategy and Innovation 13,011 5,577
C. Espinoza General Manager, Minera Centinela 16,729 7,170
L. Gonzalez General Manager, Minera Antucoya 13,011 5,577
JC. Castillo General Manager, Minera Zaldivar 13,011 5,577
K. Jenny General Manager, FCAB 13,011 5,577
Total number of Shares to which awards relate 307,685 131,877
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 (2023-2025), 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 2024, one third in March 2025 and the final third in March
2026.
The above transaction took place outside of a trading venue.
2. The Company announces that, on 29 March 2023, restricted
awards granted under the LTIP on 29 March 2022 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 7,526 115,675
M. Ortiz CFO 1,953 30,018
A. Luksic Vice President, Development 1,953 30,018
G. Barcelo Vice President, Human Resources 1,519 23,347
F. Walther Vice President, Projects 1,747 26,851
G. Sanchez Vice President, Sales 1,519 23,347
M. Larrain Vice President, Northern Operations 1,953 30,018
A. Vasquez Vice President, Los Pelambres Operations 1,953 30,018
P. Enei Vice President, Legal 1,747 26,851
R. Aguilar Vice President, Corporate Affairs and Sustainability 1,953 30,018
A. Muchnik Vice President, Strategy and Innovation 1,519 23,347
C. Espinoza General Manager, Minera Centinela 1,953 30,018
L. Gonzalez General Manager, Minera Antucoya 1,519 23,347
JC. Castillo General Manager, Minera Zaldivar 1,519 23,347
K. Jenny General Manager, FCAB 1,519 23,347
Total number of Shares to which awards relate that vested and cash received 31,852 489,567
The market value of the Shares on the date the awards vested was £15.37.
The above transaction took place outside of a trading venue.
3. The Company announces that, on 29 March 2023, restricted
awards granted under the LTIP on 29 March 2021 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 5,635 86,610
M. Ortiz CFO 1,745 26,821
A. Luksic Vice President, Development 1,745 26,821
M. Larrain Vice President, Northern Operations 1,745 26,821
F. Walther Vice President, Projects 1,745 26,821
G. Sanchez Vice President, Sales 1,517 23,316
P. Enei Vice President, Legal 1,745 26,821
R. Aguilar Vice President, Corporate Affairs and Sustainability 1,951 29,987
A. Muchnik Vice President, Strategy and Innovation 939 14,432
C. Espinoza General Manager, Minera Centinela 1,745 26,821
L. Gonzalez General Manager, Minera Antucoya 1,170 17,983
JC. Castillo General Manager, Minera Zaldivar 1,170 17,983
K. Jenny General Manager, FCAB 1,517 23,316
Total number of Shares to which awards relate that vested and cash received 24,369 374,553
The market value of the Shares on the date the awards vested was £15.37.
The above transaction took place outside of a trading venue.
4. The Company announces that, on 27 March 2023, restricted
awards granted under the LTIP on 27 March 2020 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 15,042 230,343
M. Ortiz CFO 4,246 65,020
A. Luksic Vice President, Development 4,246 65,020
M. Larrain Vice President, Northern Operations 4,883 74,775
F. Walther Vice President, Projects 4,246 65,020
G. Sanchez Vice President, Sales 3,609 55,266
P. Enei Vice President, Legal 4,246 65,020
R. Aguilar Vice President, Corporate Affairs and Sustainability 5,459 83,595
A. Muchnik Vice President, Strategy and Innovation 2,628 40,243
C. Espinoza General Manager, Minera Centinela 4,246 65,020
L. Gonzalez General Manager, Minera Antucoya 3,275 50,151
JC. Castillo General Manager, Minera Zaldivar 3,023 46,292
K. Jenny General Manager, FCAB 3,275 50,151
Total number of Shares to which awards relate that vested and cash received 62,424 955,916
The market value of the Shares on the date the awards vested was £15.31.
The above transaction took place outside of a trading venue.
5. The Company announces that, on 27 March 2023, performance
awards granted under the LTIP on 27 March 2020 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 105,295 1,612,417
M. Ortiz CFO 29,719 455,097
A. Luksic Vice President, Development 29,719 455,097
M. Larrain Vice President, Northern Operations 34,177 523,364
F. Walther Vice President, Projects 29,719 455,097
G. Sanchez Vice President, Sales 25,262 386,845
P. Enei Vice President, Legal 29,719 455,097
R. Aguilar Vice President, Corporate Affairs and Sustainability 38,211 585,138
A. Muchnik Vice President, Strategy and Innovation 7,886 120,761
C. Espinoza General Manager, Minera Centinela 29,719 455,097
L. Gonzalez General Manager, Minera Antucoya 22,928 351,104
JC. Castillo General Manager, Minera Zaldivar 9,066 138,831
K. Jenny General Manager, FCAB 22,928 351,104
Total number of Shares to which awards relate that vested and cash received 414,348 6,345,049
The overall performance score in connection with these awards was 100%.
The market value of the Shares on the date the awards vested was £15.31.
The above transaction took place outside of a trading venue.
Investors - London Media - London
Andrew Lindsay alindsay@antofagasta.co.uk (mailto:alindsay@antofagasta.co.uk) Carole Cable antofagasta@brunswickgroup.com (mailto:antofagasta@brunswickgroup.com)
Telephone +44 20 7808 0988 Telephone +44 20 7404 5959
Rosario Orchard rorchard@antofagasta.co.uk (mailto:rorchard@antofagasta.co.uk)
Telephone +44 20 7808 0988
Media - Santiago
Pablo Orozco porozco@aminerals.cl (mailto:porozco@aminerals.cl)
Carolina Pica cpica@aminerals.cl (mailto:cpica@aminerals.cl)
Telephone +56 2 2798 7000
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