Antofagasta PLC LTIP Awards Announcement (3693I)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Antofagasta Plc	LSE:ANTO	London	Ordinary Share	GB0000456144	ORD 5P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-53.00	-2.33%	2,222.00	2,221.00	2,222.00	2,238.00	2,202.00	2,236.00	272,000	10:42:00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Copper Ores	6.32B	835.1M	0.8471	26.12	21.82B

Antofagasta (LSE:ANTO)
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From Apr 2019 to Apr 2024

TIDMANTO

RNS Number : 3693I

Antofagasta PLC

01 April 2020

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             Ndeg of Shares to which 
                                                             awards relate 
---------------  -----------------------------------  -------------------------- 
                                                       Performance    Restricted 
                                                          Awards        Awards 
---------------  -----------------------------------  -------------  ----------- 
 I. Arriagada     CEO                                       105,295       45,126 
                 -----------------------------------  -------------  ----------- 
                  Vice President, Finance and 
 M. Ortiz          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 
                 -----------------------------------  -------------  ----------- 
                  Vice President, Corporate 
 R. Aguilar        Affairs and Sustainability                38,211       16,377 
                 -----------------------------------  -------------  ----------- 
                  Vice President, Strategy and 
 A. Hevia          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 
                 -----------------------------------  -------------  ----------- 
                  General Manager, Minera Los 
 M. Larrain        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.