For immediate release
Cleveland House Telephone: + 44 20 7808 0988
33 King Street Fax + 44 20 7930 7578
London SW1Y 6RJ [email protected]
United Kingdom
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: +44 20 7808 0988 www.antofagasta.co.uk Desmond O'Conor Email: [email protected] Hussein Barma Email: [email protected] |
Press Enquiries - London Bankside Consultants Tel: +44 20 7367 8871 Simon Rothschild Email: [email protected] |
