Notification of Management Transactions

RNS Number : 6267J

Antofagasta PLC

03 April 2018

 

NEWS RELEASE, 3 APRIL 2018

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

This announcement is a notification made pursuant to Article 19 of the EU Market Abuse Regulation 596/2014

1.            Antofagasta plc (LEI: 213800MY6QVH4FVLD628) (the "Company") announces that, on 28 March 2018, 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	109,397	46,885
A. Atucha	Vice President, Finance and Administration, CFO	23,442	10,047
A. Luksic	Vice President, Development	15,498	6,642
A. Rabagliati	Vice President, Human Resources	18,233	7,814
F. Veloso	Vice President, Investor Relations	12,763	5,470
F. Walther	Vice President, Projects	18,233	7,814
G. Sanchez	Vice President, Sales	15,498	6,642
H. Menares	Vice President, Operations	23,442	10,047
P. Enei	Vice President, Legal	18,233	7,814
R. Aguilar	Vice President, Corporate Affairs and Sustainability	18,233	7,814
A. Hevia	General Manager, Minera Centinela	18,233	7,814
L. Gonzalez	General Manager, Minera Antucoya	14,065	6,028
L. Sanchez	General Manager, Minera Zaldivar	14,065	6,028
M. Larrain	General Manager, Minera Los Pelambres	18,233	7,814
M. Ortiz	General Manager, FACB	14,065	6,028
Total number of Shares to which awards relate		351.633	150,701

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 (2018-2020), 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 2019, one third in March 2020 and the final third in March 2021.

The above transaction took place outside of a trading venue.

2.             The Company announces that, on 30 March 2018, restricted awards granted under the LTIP on 30 March 2017 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	10,867	100,689
A. Atucha	Vice President, Finance and Administration, CFO	4,446	41,191
A. Luksic	Vice President, Development	2,371	21,968
A. Rabagliati	Vice President, Human Resources	2,766	25,631
F. Veloso	Vice President, Investor Relations	2,766	25,631
F. Walther	Vice President, Projects	1,976	18,308
G. Sanchez	Vice President, Sales	2,766	25,631
H. Menares	Vice President, Operations	4,446	41,191
P. Enei	Vice President, Legal	2,371	21,968
R. Aguilar	Vice President, Corporate Affairs and Sustainability	2,470	22,882
A. Hevia	General Manager, Minera Centinela	2,470	22,882
L. Gonzalez	General Manager, Minera Antucoya	1,976	18,308
L. Sanchez	General Manager, Minera Zaldivar	988	9,154
M. Larrain	General Manager, Minera Los Pelambres	2,470	22,882
M. Ortiz	General Manager, FACB	1,976	18,308
Total number of Shares to which awards relate that vested and cash received		47,125	436,626

The market value of the Shares on the date the awards vested was £9.27.

The above transaction took place outside of a trading venue.

3.             The Company announces that, on 28 March 2018, performance awards granted under the LTIP on 25 March 2015 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	35,645	289,187
A. Atucha	Vice President, Finance and Administration, CFO	21,387	173,512
A. Luksic	Vice President, Development	4,753	38,561
A. Rabagliati	Vice President, Human Resources	16,635	134,959
F. Veloso	Vice President, Investor Relations	16,635	134,959
F. Walther	Vice President, Projects	11,882	96,394
G. Sanchez	Vice President, Sales	16,635	134,959
H. Menares	Vice President, Operations	26,140	212,073
P. Enei	Vice President, Legal	14,259	115,679
Total number of Shares to which awards relate that vested and cash received		163,970	1,330,283

The overall performance score in connection with these awards was 85.0%. The market value of the Shares on the date the awards vested was £9.54.

The above transaction took place outside of a trading venue.

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

 

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