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 

alindsay@antofagasta.co.uk

Carole Cable

antofagasta@brunswickgroup.com

Telephone

Rosario Orchard

+44 20 7808 0988

rorchard@antofagasta.co.uk

Telephone

+44 20 7404 5959

Telephone

+44 20 7808 0988



 

 

Media - Santiago

 

 

 

Pablo Orozco

porozco@aminerals.cl

 

 

Carolina Pica

cpica@aminerals.cl 



Telephone

+56 2 2798 7000



 


 

 

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