NOTIFICATION OF TRANSACTIONS

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	[e-mail]	Carole Cable	[e-mail]
Telephone Rosario Orchard	[phone] [e-mail]	Telephone	[phone]
Telephone	[phone]
		Media - Santiago
		Pablo Orozco	[e-mail]
		Carolina Pica	[e-mail]
		Telephone	[phone]

 

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