Antofagasta PLC NOTIFICATION OF TRANSACTIONS

RNS Number : 1585J

Antofagasta PLC

03 April 2024

 

NEWS RELEASE, 3 APRIL 2024

 

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 2024, 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	96,527	41,367
O. Araneda	COO	12,492	5,355
M. Ortiz	CFO	12,492	5,355
G.  Barcelo	Vice President, People and Organisation	12,492	5,355
M.  Larraín	Vice President, Planning and Technical Services	12,492	5,355
A.  Luksic	Vice President, Development	12,492	5,355
R.  Aguilar	Vice President, Corporate Affairs and Sustainability	12,492	5,355
P. Enei	Vice President, Legal	11,175	4,788
A. Muchnik	Vice President, Strategy and Innovation	9,717	4,164
G. Sánchez	Vice President, Sales	9,717	4,164
J. Bermudez	Vice President, Projects	9,717	4,164
C. Espinoza	General Manager, Minera Centinela	12,492	5,355
A. Vasquez	General Manager, Minera Los Pelambres	12,492	5,355
L. González	General Manager, Minera Zaldívar	12,492	5,355
I. Fadic	General Manager, Minera Antucoya	9,717	4,164
K. Jenny	General Manager, FCAB	9,717	4,164
Total number of Shares to which awards relate		268,715	115,170

 

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 (2024 - 2027), 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 2025, one third in March 2026 and the final third in March 2027.

 

The above transaction took place outside of a trading venue.

 

2.        The Company announces that, on 29 March 2024, restricted awards granted under the LTIP on 29 March 2023 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	14,189	283,804
O. Araneda	COO	2,390	47,804
M. Ortiz	CFO	2,390	47,804
G.  Barcelo	Vice President, People and Organisation	1,859	37,183
M.  Larraín	Vice President, Planning and Technical Services	2,390	47,804
A.  Luksic	Vice President, Development	2,390	47,804
R.  Aguilar	Vice President, Corporate Affairs and Sustainability	2,390	47,804
P. Enei	Vice President, Legal	2,138	42,764
A. Muchnik	Vice President, Strategy and Innovation	1,859	37,183
G. Sánchez	Vice President, Sales	1,859	37,183
C. Espinoza	General Manager, Minera Centinela	2,390	47,804
A. Vasquez	General Manager, Minera Los Pelambres	2,390	47,804
L. González	General Manager, Minera Zaldívar	1,859	37,183
I. Fadic	General Manager, Minera Antucoya	1,859	37,183
K. Jenny	General Manager, FCAB	1,859	37,183
Total number of Shares to which awards relate that vested and cash received		44,211	884,294

 

 

The market value of the Shares on the date the awards vested was £20.0017.

The above transaction took place outside of a trading venue.

 

3.        The Company announces that, on 29 March 2024, 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	150,533
M. Ortiz	CFO	1,953	39,063
G.  Barcelo	Vice President, People and Organisation	1,519	30,383
M.  Larraín	Vice President, Planning and Technical Services	1,953	39,063
A.  Luksic	Vice President, Development	1,953	39,063
R.  Aguilar	Vice President, Corporate Affairs and Sustainability	1,953	39,063
P. Enei	Vice President, Legal	1,747	34,943
A. Muchnik	Vice President, Strategy and Innovation	1,519	30,383
G. Sánchez	Vice President, Sales	1,519	30,383
C. Espinoza	General Manager, Minera Centinela	1,953	39,063
A. Vasquez	General Manager, Minera Los Pelambres	1,953	39,063
L. González	General Manager, Minera Zaldívar	1,519	30,383
I. Fadic	General Manager, Minera Antucoya	1,082	21,642
K. Jenny	General Manager, FCAB	1,519	30,383
Total number of Shares to which awards relate that vested and cash received		29,668	593,411

 

 

The market value of the Shares on the date the awards vested was £20.0017.

The above transaction took place outside of a trading venue.

 

4.          The Company announces that, on 29 March 2024, 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	112,710
M. Ortiz	CFO	1,745	34,903
M.  Larraín	Vice President, Planning and Technical Services	1,745	34,903
A.  Luksic	Vice President, Development	1,745	34,903
R.  Aguilar	Vice President, Corporate Affairs and Sustainability	1,951	39,023
P. Enei	Vice President, Legal	1,745	34,903
A. Muchnik	Vice President, Strategy and Innovation	939	18,782
G. Sánchez	Vice President, Sales	1,517	30,343
C. Espinoza	General Manager, Minera Centinela	1,745	34,903
L. González	General Manager, Minera Zaldívar	1,170	23,402
I. Fadic	General Manager, Minera Antucoya	1,080	21,602
K. Jenny	General Manager, FCAB	1,517	30,343
Total number of Shares to which awards relate that vested and cash received		22,534	450,720

 

 

The market value of the Shares on the date the awards vested was £20.0017.

The above transaction took place outside of a trading venue.

 

5.        The Company announces that, on 29 March 2024, performance 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	39,442	788,907
M. Ortiz	CFO	12,211	244,241
M.  Larraín	Vice President, Planning and Technical Services	12,211	244,241
A.  Luksic	Vice President, Development	12,211	244,241
R.  Aguilar	Vice President, Corporate Affairs and Sustainability	13,652	273,063
P. Enei	Vice President, Legal	12,211	244,241
A. Muchnik	Vice President, Strategy and Innovation	2,818	56,365
G. Sánchez	Vice President, Sales	10,619	212,398
C. Espinoza	General Manager, Minera Centinela	12,211	244,241
L. González	General Manager, Minera Zaldívar	8,193	163,874
I. Fadic	General Manager, Minera Antucoya	3,240	64,806
K. Jenny	General Manager, FCAB	10,619	212,398
Total number of Shares to which awards relate that vested and cash received		149,638	2,993,016

 

The overall performance score in connection with these awards was 100%.

The market value of the Shares on the date the awards vested was £20.0017.

 

The above transaction took place outside of a trading venue.

 

 

Investors - London		Media - London
Rosario Orchard	[e-mail]	Carole Cable	[e-mail]
Robert Simmons	[e-mail]	Telephone	[phone]
Telephone	[phone]
		Media - Santiago
		Pablo Orozco	[e-mail]
		Carolina Pica	[e-mail]
		Telephone	[phone]

 

 

 

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