Long Term Incentive Plan

RNS Number : 8148C

Antofagasta PLC

20 March 2014

 



NEWS RELEASE, 20 March, 2014

Long Term Incentive Plan awards to Persons Discharging Managerial Responsibility

Disclosures notified in accordance with DTR 3.1.2R

Antofagasta plc (the "Company") announces that, on 19 March 2014, 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	53,896	53,896
H. Menares	Vice President, Operations	19,762	19,762
A. Rivera	Vice President, Corporate Development	16,169	16,169
R. Muhr	Vice President, Mining Resources	16,169	16,169
F. Veloso	Vice President, Corporate Affairs and Sustainability	12,576	12,576
G. Sánchez	Vice President, Sales	12,576	12,576
A. M. Rabagliati	Vice President, Human Resources	12,576	12,576
A. Atucha	Vice President, Finance and Administration, CFO	14,373	14,373
I. Aránguiz	Vice President, Projects	10,779	10,779
P. Enei	Vice President, Legal	10,779	10,779
A. Cerda	General Manager, Minera Los Pelambres	12,576	12,576
R. Jorquera	General Manager, Minera Antucoya	8,983	8,983
S. Parada	General Manager, Minera El Tesoro	10,779	10,779
P. Troncoso	General Manager, Minera Michilla	8,983	8,983
A. Sougarret	General Manager, Minera Esperanza	12,576	12,576

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 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 (2014-2016), 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 2015, one third in March 2016 and the final third in March 2017.

Investors - London                                                                                 Media (Brunswick)

Andrew Lindsay                    [e-mail]            Carole Cable         [e-mail]

Clare Wood                           [e-mail]                Robin Wrench       [e-mail]

Telephone                               [phone]                                   Telephone               [phone]

Investors - Santiago                                                                

Alejandro Rivera                    [e-mail]

Telephone                               [phone]

 

END

 

 

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