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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 (mailto:rorchard@antofagasta.co.uk)
Sara Powell antofagasta@fticonsulting.com
(mailto:antofagasta@fticonsulting.com)
Robert Simmons
rsimmons@antofagasta.co.uk (mailto: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
(mailto:porozco@aminerals.cl)
Carolina Pica cpica@aminerals.cl
(mailto:cpica@aminerals.cl)
Telephone +56 2 2798 7000
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