NOTIFICATION OF TRANSACTIONS

RNS Number : 1835U

Antofagasta PLC

31 March 2021

 

NEWS RELEASE, 31 MARCH 2021

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 2021, 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	39,442	16,905
M. Ortiz	CFO	12,211	5,235
A. Luksic	Vice President, Development	12,211	5,235
A. Rabagliati	Vice President, Human Resources	12,211	5,235
F. Walther	Vice President, Projects	12,211	5,235
G. Sanchez	Vice President, Sales	10,619	4,551
H. Menares	Vice President, Operations	13,652	5,853
P. Enei	Vice President, Legal	12,211	5,235
R. Aguilar	Vice President, Corporate Affairs and Sustainability	13,652	5,853
A. Hevia	Vice President, Strategy and Innovation	10,619	4,551
C. Espinoza	General Manager, Minera Centinela	12,211	5,235
L. Gonzalez	General Manager, Minera Antucoya	8,193	3,510
JC. Castillo	General Manager, Minera Zaldívar	8,193	3,510
M. Larrain	General Manager, Minera Los Pelambres	12,211	5,235
K. Jenny	General Manager, FCAB	10,619	4,551
Total number of Shares to which awards relate		200,466	85,929

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 (2021-2023), 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 2022, one third in March 2023 and the final third in March 2024.

The above transaction took place outside of a trading venue.

2.  The Company announces that, on 27 March 2021, 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	250,650
M. Ortiz	CFO	4,246	70,753
A. Luksic	Vice President, Development	4,246	70,753
A. Rabagliati	Vice President, Human Resources	4,246	70,753
F. Walther	Vice President, Projects	4,246	70,753
G. Sanchez	Vice President, Sales	3,609	60,138
H. Menares	Vice President, Operations	5,459	90,965
P. Enei	Vice President, Legal	4,246	70,753
R. Aguilar	Vice President, Corporate Affairs and Sustainability	5,459	90,965
A. Hevia	Vice President, Strategy and Innovation	4,883	81,367
C. Espinoza	General Manager, Minera Centinela	4,246	70,753
L. Gonzalez	General Manager, Minera Antucoya	3,275	54,572
JC. Castillo	General Manager, Minera Zaldívar	3,023	50,373
M. Larrain	General Manager, Minera Los Pelambres	4,883	81,367
K. Jenny	General Manager, FCAB	3,275	54,572
Total number of Shares to which awards relate that vested and cash received		74,384	1,239,485

The market value of the Shares on the date the awards vested was £16.6633

 The above transaction took place outside of a trading venue.

3. The Company announces that, on 29 March 2021, 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	183,312
M. Ortiz	CFO	2,547	42,161
A. Luksic	Vice President, Development	2,440	40,390
A. Rabagliati	Vice President, Human Resources	2,871	47,525
F. Walther	Vice President, Projects	2,871	47,525
G. Sanchez	Vice President, Sales	2,440	40,390
H. Menares	Vice President, Operations	3,691	61,098
P. Enei	Vice President, Legal	2,871	47,525
R. Aguilar	Vice President, Corporate Affairs and Sustainability	3,302	54,659
A. Hevia	Vice President, Strategy and Innovation	3,302	54,659
C. Espinoza	General Manager, Minera Centinela	2,044	33,835
L. Gonzalez	General Manager, Minera Antucoya	2,215	36,666
JC. Castillo	General Manager, Minera Zaldívar	2,044	33,835
M. Larrain	General Manager, Minera Los Pelambres	3,302	54,659
K. Jenny	General Manager, FCAB	1,550	25,658
Total number of Shares to which awards relate that vested and cash received		48,564	803,896

  The market value of the Shares on the date the awards vested was £16.5533

  The above transaction took place outside of a trading venue.

4. The Company announces that, on 28 March 2021, 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	260,420
M. Ortiz	CFO	2,009	33,482
A. Luksic	Vice President, Development	2,214	36,893
A. Rabagliati	Vice President, Human Resources	2,605	43,402
F. Walther	Vice President, Projects	2,605	43,402
G. Sanchez	Vice President, Sales	2,214	36,893
H. Menares	Vice President, Operations	3,349	55,806
P. Enei	Vice President, Legal	2,605	43,402
R. Aguilar	Vice President, Corporate Affairs and Sustainability	2,605	43,402
A. Hevia	Vice President, Strategy and Innovation	2,605	43,402
C. Espinoza	General Manager, Minera Centinela	1,240	20,668
L. Gonzalez	General Manager, Minera Antucoya	2,009	33,482
JC. Castillo	General Manager, Minera Zaldívar	1,240	20,668
M. Larrain	General Manager, Minera Los Pelambres	2,605	43,402
K. Jenny	General Manager, FCAB	1,240	20,668
Total number of Shares to which awards relate that vested and cash received		46,773	779,394

The market value of the Shares on the date the awards vested was £16.6633

The above transaction took place outside of a trading venue.

5.    The Company announces that, on 28 March 2021, performance 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	109,397	1,801,044
M. Ortiz	CFO	14,065	231,557
A. Luksic	Vice President, Development	15,498	255,149
A. Rabagliati	Vice President, Human Resources	18,233	300,177
F. Walther	Vice President, Projects	18,233	300,177
G. Sanchez	Vice President, Sales	15,498	255,149
H. Menares	Vice President, Operations	23,442	385,934
P. Enei	Vice President, Legal	18,233	300,177
R. Aguilar	Vice President, Corporate Affairs and Sustainability	18,233	300,177
A. Hevia	Vice President, Strategy and Innovation	18,233	300,177
C. Espinoza	General Manager, Minera Centinela	3,721	61,260
L. Gonzalez	General Manager, Minera Antucoya	14,065	231,557
JC. Castillo	General Manager, Minera Zaldívar	3,721	61,260
M. Larrain	General Manager, Minera Los Pelambres	18,233	300,177
K. Jenny	General Manager, FCAB	3,721	61,260
Total number of Shares to which awards relate that vested and cash received		312,526	5,145,232

The overall performance score in connection with these awards was 98.8%. The market value of the Shares on the date the awards vested was £16.6633

The above transaction took place outside of a trading venue.

Investors - London		Media - London
Andrew Lindsay	[e-mail]	Carole Cable	[e-mail]
Telephone	[phone]	Telephone	[phone]
Andres Vergara	[e-mail]
Telephone	[phone]	Media - Santiago
		Pablo Orozco	[e-mail]
		Carolina Pica	[e-mail]
		Telephone	[phone]

 

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