Last checked at 28 Apr 2023 15:00
Anglo American plc (the "Company")
Registered office: 17 Charterhouse Street, London EC1N 6RA, United Kingdom
Registered number: 3564138 (incorporated in England and Wales)
LEI: 549300S9XF92D1X8ME43
Notification of transactions by Directors / PDMRs
An award of Ordinary Shares under the Company's Long Term Incentive Plan ("LTIP") was made at nil cost on 28 April 2023 to the Group Chief Executive, following approval of the 2023 directors' remuneration policy (the "Policy") at the Company's Annual General Meeting on 26 April 2023. As announced on 10 March 2023, it was the intention that an additional award equivalent to 50% of salary would be granted to Duncan Wanblad following approval of the Policy. In line with the LTIP awards granted to Directors and PDMRs in March 2023, a share price of £29.484 has been used to determine the number of shares awarded.
The LTIP provides executive Directors and senior management with Shares awarded on a conditional basis as determined by the Remuneration Committee. The award will vest in March 2026, subject to the satisfaction of performance conditions as outlined in the Directors' Remuneration Report of the Company's 2022 Integrated Annual Report (the "2022 remuneration report"). Any vested Shares will be subject to a further holding period of two years and be released in March 2028.
In accordance with Article 19 of the UK Market Abuse Regulation, the relevant FCA notifications are set out below.
1. | Details of PDMR / person closely associated (PCA) | |||||
a) | Name | Duncan Wanblad | ||||
2. | Reason for the notification | |||||
a) | Position / status | Chief Executive (Director/PDMR) | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Full name of the entity | Anglo American plc | ||||
b) | LEI | 549300S9XF92D1X8ME43 | ||||
4. | Details of the transaction(s) | |||||
a) | Description of the financial instrument
Identification Code | Anglo American plc Ordinary Shares of USD0.54945 each
GB00B1XZS820 | ||||
b) | Nature of the transaction | Award of Shares under the terms of the Anglo American plc Long Term Incentive Plan. Subject to the satisfaction of performance conditions, the award will vest in March 2026; the Shares will then be subject to a further holding period of two years and will be released in March 2028. | ||||
c) | Currency | GBP - British Pound | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information
Aggregated volume
Price |
22,045
GBP 0.00 | ||||
f) | Date of the transaction | 2023-04-28 | ||||
g) | Place of the transaction | London Stock Exchange - XLON | ||||
Clare Davage
Deputy Company Secretary
28 April 2023