Notification of Managerial Transactions

RNS Announcement

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
Name of PDMR	Position of PDMR	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

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RNS metadata

Title: Notification of Managerial Transactions
Time: 13:28:47
Date: 3 Apr 2019
Category: Director/PDMR dealings
ID: 0108V