LTIP Awards Announcement

NEWS RELEASE, 1 APRIL 2020

 

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 27 March 2020, 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	105,295	45,126
M. Ortiz	Vice President, Finance and Administration	29,719	12,738
A. Luksic	Vice President, Development	29,719	12,738
A. Rabagliati	Vice President, Human Resources	29,719	12,738
F. Walther	Vice President, Projects	29,719	12,738
G. Sanchez	Vice President, Sales	25,262	10,827
H. Menares	Vice President, Operations	38,211	16,377
P. Enei	Vice President, Legal	29,719	12,738
R. Aguilar	Vice President, Corporate Affairs and Sustainability	38,211	16,377
A. Hevia	Vice President, Strategy and Innovation	34,177	14,649
C. Espinoza	General Manager, Minera Centinela	29,719	12,738
L. Gonzalez	General Manager, Minera Antucoya	22,928	9,825
L. Sanchez	General Manager, Minera Zaldivar	22,928	9,825
M. Larrain	General Manager, Minera Los Pelambres	34,177	14,649
K. Jenny	General Manager, FCAB	22,928	9,825
Total number of Shares to which awards relate		522,431	223,908

 

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 (2020-2022), 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 2021, one third in March 2022 and the final third in March 2023.

 

The above transaction took place outside of a trading venue.

 

2.          The Company announces that, on 28 March 2020, 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	117,077
A. Atucha	CFO	3,349	25,088
M. Ortiz	Vice President, Finance and Administration	2,009	15,053
A. Luksic	Vice President, Development	2,214	16,586
A. Rabagliati	Vice President, Human Resources	2,605	19,512
F. Walther	Vice President, Projects	2,605	19,512
G. Sanchez	Vice President, Sales	2,214	16,586
H. Menares	Vice President, Operations	3,349	25,088
P. Enei	Vice President, Legal	2,605	19,512
R. Aguilar	Vice President, Corporate Affairs and Sustainability	2,605	19,512
A. Hevia	Vice President, Strategy and Innovation	2,605	19,512
C. Espinoza	General Manager, Minera Centinela	1,240	9,292
L. Gonzalez	General Manager, Minera Antucoya	2,009	15,053
L. Sanchez	General Manager, Minera Zaldivar	2,009	15,053
M. Larrain	General Manager, Minera Los Pelambres	2,605	19,512
K. Jenny	General Manager, FCAB	1,240	9,292
Total number of Shares to which awards relate that vested and cash received		50,891	381,241

               

The market value of the Shares on the date the awards vested was £7.4913.

 

The above transaction took place outside of a trading venue.

               

 

3.           The Company announces that, on 29 March 2020, restricted awards granted under the LTIP on 29 March 2019 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	11,074	82,959
A. Atucha	CFO	3,691	27,651
M. Ortiz	Vice President, Finance and Administration	2,547	19,080
A. Luksic	Vice President, Development	2,440	18,279
A. Rabagliati	Vice President, Human Resources	2,871	21,508
F. Walther	Vice President, Projects	2,871	21,508
G. Sanchez	Vice President, Sales	2,440	18,279
H. Menares	Vice President, Operations	3,691	27,651
P. Enei	Vice President, Legal	2,871	21,508
R. Aguilar	Vice President, Corporate Affairs and Sustainability	3,302	24,736
A. Hevia	Vice President, Strategy and Innovation	3,302	24,736
C. Espinoza	General Manager, Minera Centinela	2,044	15,312
L. Gonzalez	General Manager, Minera Antucoya	2,215	16,593
L. Sanchez	General Manager, Minera Zaldivar	2,215	16,593
M. Larrain	General Manager, Minera Los Pelambres	3,302	24,736
K. Jenny	General Manager, FCAB	1,550	11,612
Total number of Shares to which awards relate that vested and cash received		52,426	392,741

 

               

The market value of the Shares on the date the awards vested was £7.4913.

 

The above transaction took place outside of a trading venue.

 

4.           The Company announces that, on 30 March 2020, 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	81,107
A. Atucha	CFO	4,446	33,179
M. Ortiz	Vice President, Finance and Administration	1,976	14,748
A. Luksic	Vice President, Development	2,371	17,696
A. Rabagliati	Vice President, Human Resources	2,766	20,646
F. Walther	Vice President, Projects	1,976	14,748
G. Sanchez	Vice President, Sales	2,766	20,646
H. Menares	Vice President, Operations	4,446	33,179
P. Enei	Vice President, Legal	2,371	17,696
R. Aguilar	Vice President, Corporate Affairs and Sustainability	2,470	18,432
A. Hevia	Vice President, Strategy and Innovation	2,470	18,432
C. Espinoza	General Manager, Minera Centinela	593	4,423
L. Gonzalez	General Manager, Minera Antucoya	1,976	14,748
L. Sanchez	General Manager, Minera Zaldivar	988	7,374
M. Larrain	General Manager, Minera Los Pelambres	2,470	18,432
K. Jenny	General Manager, FCAB	593	4,423
Total number of Shares to which awards relate that vested and cash received		45,544	339,908

               

The market value of the Shares on the date the awards vested was £7.4633.

               

The above transaction took place outside of a trading venue.

 

5.           The Company announces that, on 30 March 2020, performance 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	76,070	369,028
A. Atucha	CFO	31,120	150,968
M. Ortiz	Vice President, Finance and Administration	13,831	67,096
A. Luksic	Vice President, Development	16,597	80,515
A. Rabagliati	Vice President, Human Resources	19,363	93,933
F. Walther	Vice President, Projects	13,831	67,096
G. Sanchez	Vice President, Sales	19,363	93,933
H. Menares	Vice President, Operations	31,120	150,968
P. Enei	Vice President, Legal	16,597	80,515
R. Aguilar	Vice President, Corporate Affairs and Sustainability	17,289	83,872
A. Hevia	Vice President, Strategy and Innovation	17,289	83,872
C. Espinoza	General Manager, Minera Centinela	4,149	20,127
L. Gonzalez	General Manager, Minera Antucoya	13,831	67,096
L. Sanchez	General Manager, Minera Zaldivar	6,915	33,546
M. Larrain	General Manager, Minera Los Pelambres	17,289	83,872
K. Jenny	General Manager, FCAB	4,149	20,127
Total number of Shares to which awards relate that vested and cash received		318,803	1,546,566

 

               

The overall performance score in connection with these awards was 65.0%. The market value of the Shares on the date the awards vested was £7.4633.

               

The above transaction took place outside of a trading venue.

 

 

 

                                                                                                                                                                                                               

Investors - London                                                                                 Media - London

Andrew Lindsay                    [email protected]                Carole Cable         [email protected]

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Andres Vergara                    [email protected]                Will Medvei          [email protected]

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