Antofagasta PLC (LON:ANTO)

Antofagasta PLC (LON:ANTO)


Share Price
859.00 p
Change
-5 (-0.58 %)
Market Cap
£8,468.59 m
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Antofagasta PLC RNS Release

Notification of Managerial Transactions


RNS Number : 0108V
Antofagasta PLC
03 April 2019
 

NEWS RELEASE, 3 APRIL 2019

 

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 29 March 2019, 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

 77,516

 33,222

A. Atucha

Vice President, Finance and Administration, CFO

 25,840

 11,073

A. Luksic

Vice President, Development

 17,083

 7,320

A. Rabagliati

Vice President, Human Resources

 20,097

 8,613

F. Walther

Vice President, Projects

 20,097

 8,613

G. Sanchez

Vice President, Sales

 17,083

 7,320

H. Menares

Vice President, Operations

 25,840

 11,073

P. Enei

Vice President, Legal

 20,097

 8,613

R. Aguilar

Vice President, Corporate Affairs and Sustainability

 23,110

 9,906

A. Hevia

General Manager, Minera Centinela

 23,110

 9,906

L. Gonzalez

General Manager, Minera Antucoya

 15,503

 6,645

L. Sanchez

General Manager, Minera Zaldivar

 15,503

 6,645

M. Larrain

General Manager, Minera Los Pelambres

 23,110

 9,906

M. Ortiz

General Manager, FCAB

 17,829

 7,641

Total number of Shares to which awards relate

 341,818

 146,496

 

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 (2019-2021), 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 2020, one third in March 2021 and the final third in March 2022.

 

The above transaction took place outside of a trading venue.

 

2.            The Company announces that, on 28 March 2019, 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

 145,729

A. Atucha

Vice President, Finance and Administration, CFO

 3,349

 31,228

A. Luksic

Vice President, Development

 2,214

 20,645

A. Rabagliati

Vice President, Human Resources

 2,605

 24,288

F. Veloso

Vice President, Investor Relations

 1,823

 17,002

F. Walther

Vice President, Projects

 2,605

 24,288

G. Sanchez

Vice President, Sales

 2,214

 20,645

H. Menares

Vice President, Operations

 3,349

 31,228

P. Enei

Vice President, Legal

 2,605

 24,288

R. Aguilar

Vice President, Corporate Affairs and Sustainability

 2,605

 24,288

A. Hevia

General Manager, Minera Centinela

 2,605

 24,288

L. Gonzalez

General Manager, Minera Antucoya

 2,009

 18,736

L. Sanchez

General Manager, Minera Zaldivar

 2,009

 18,736

M. Larrain

General Manager, Minera Los Pelambres

 2,605

 24,288

M. Ortiz

General Manager, FCAB

 2,009

 18,736

Total number of Shares to which awards relate that vested and cash received

 50,234

 468,412

                The market value of the Shares on the date the awards vested was £9.32.

 

3.            The Company announces that, on 29 March 2019, performance awards granted under the LTIP on 22 March 2016 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

 85,559

 482,861

A. Atucha

Vice President, Finance and Administration, CFO

 42,780

 241,433

A. Luksic

Vice President, Development

 19,014

 107,307

A. Rabagliati

Vice President, Human Resources

 26,618

 150,221

F. Veloso

Vice President, Investor Relations

 26,618

 150,221

F. Walther

Vice President, Projects

 19,014

 107,307

G. Sanchez

Vice President, Sales

 26,618

 150,221

H. Menares

Vice President, Operations

 41,829

 236,066

P. Enei

Vice President, Legal

 22,816

 128,764

L. Gonzalez

General Manager, Minera Antucoya

 19,014

 107,307

M. Ortiz

General Manager, FCAB

 14,260

 80,478

Total number of Shares to which awards relate that vested and cash received

 344,140

 1,942,189

               

The overall performance score in connection with these awards was 60.0%. The market value of the Shares on the date the awards vested was £9.41.

               

The above transaction took place outside of a trading venue.

 

 

4.            The Company announces that, on 30 March 2019, 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

 102,218

A. Atucha

Vice President, Finance and Administration, CFO

 4,446

 41,816

A. Luksic

Vice President, Development

 2,371

 22,302

A. Rabagliati

Vice President, Human Resources

 2,766

 26,020

F. Veloso

Vice President, Investor Relations

 2,766

 26,020

F. Walther

Vice President, Projects

 1,976

 18,586

G. Sanchez

Vice President, Sales

 2,766

 26,020

H. Menares

Vice President, Operations

 4,446

 41,816

P. Enei

Vice President, Legal

 2,371

 22,302

R. Aguilar

Vice President, Corporate Affairs and Sustainability

 2,470

 23,230

A. Hevia

General Manager, Minera Centinela

 2,470

 23,230

L. Gonzalez

General Manager, Minera Antucoya

 1,976

 18,586

L. Sanchez

General Manager, Minera Zaldivar

 988

 9,293

M. Larrain

General Manager, Minera Los Pelambres

 2,470

 23,230

M. Ortiz

General Manager, FCAB

 1,976

 18,586

Total number of Shares to which awards relate that vested and cash received

 47,125

 443,255

               

The market value of the Shares on the date the awards vested was £9.41.

               

The above transaction took place outside of a trading venue.

 

 

 

Investors - London

 

Media - London

 

 

 

 

 

Andrew Lindsay 

[email protected]

Carole Cable

[email protected]

 

+44 20 7808 0988

 

+44 20 7404 5959

Andres Vergara

[email protected] 

Will Medvei

[email protected]

Telephone

+44 20 7808 0988

Telephone

+44 20 7404 5959

 

 

 

 

Investors - Santiago

 

Media - Santiago

 

Francisco Veloso

[email protected]

Pablo Orozco

[email protected]

Telephone

+56 2 2798 7000

Carolina Pica

[email protected]

 

 

Telephone

+56 2 2798 7000

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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