Long Term Incentive Plan Awards

RNS Number : 3130C

Antofagasta PLC

15 April 2013

 



For immediate release

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Long Term Incentive Plan awards to Persons Discharging Managerial Responsibility

Disclosures notified in accordance with DTR 3.1.2R

London, 15 April 2013

Antofagasta plc (the "Company") announces that it received notification that, on 12 April 2013, awards calculated by reference to the value of ordinary shares in the Company ("Shares") were granted under the Antofagasta Long Term Incentive Plan (the "LTIP") to Persons Discharging Managerial Responsibility ("PDMR") of the Company as set out below:

Name	Position	N° Shares to which awards relate
		Performance Awards	Restricted Awards
D. Hernández	CEO, Antofagasta Minerals	45.242	45.242
H. Menares	Vice President, Operations	17.774	17.774
A. Rivera	Vice President, Business Development	16.158	16.158
R. Muhr	Vice President, Exploration	16.158	16.158
F. Veloso	Vice President, External Affairs	11.311	11.311
G. Sánchez	Vice President, Sales	11.311	11.311
A. Atucha	Vice President, Finance	9.695	9.695
I. Aránguiz	Vice President, Projects	9.695	9.695
A. M. Rabagliati	Vice President, Human Resources	9.695	9.695
A. Cerda	General Manager, Minera Los Pelambres	12.926	12.926
R. Jorquera	General Manager, Minera Antucoya	8.079	8.079
S. Parada	General Manager, Minera El Tesoro	11.311	11.311
P. Troncoso	General Manager, Minera Michilla	8.079	8.079
A. Sougarret	General Manager, Minera Esperanza	11.311	11.311

These are awards granted under the LTIP which the Antofagasta group (the "Group") has established to reward senior executives in a way that aligns the interests of LTIP participants 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 vest 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 (2013-2015) 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 will normally vest as to one third in April 2014, as to a further third in April 2015 and as to the final third in April 2016.

Enquiries - London Antofagasta plc Tel: [phone] www.antofagasta.co.uk Desmond O'Conor Email: [e-mail] Hussein Barma Email: [e-mail]

Press Enquiries - London Bankside Consultants Tel: [phone] Simon Rothschild Email: [e-mail]

 

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