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Long Term Incentive Plan

23 Mar 2016 10:14

RNS Number : 0256T
Antofagasta PLC
23 March 2016
 

 

NEWS RELEASE, 23 MARCH 2016

 

Long Term Incentive Plan awards to

Persons Discharging Managerial Responsibility

Disclosures notified in accordance with DTR 3.1.2R

 

Antofagasta plc (the "Company") announces that, on 22 March 2016, awards calculated by reference to the value of ordinary shares in the Company ("Shares") were granted under the Antofagasta Long Term Incentive Plan (the "LTIP") to Persons Discharging Managerial Responsibility ("PDMR") of the Company as set out below:

 

Name

Position

No. of Shares to which awards relate

 

Performance Awards

Restricted Awards

 

I. Arriagada

CEO, Antofagasta Minerals

85,559

36,668

 

H. Menares

Vice President, Operations

41,829

17,927

 

A. Atucha

Vice President, Finance and Administration, CFO

42,780

18,334

 

F. Veloso

Vice President, Corporate Affairs and Sustainability

26,618

11,408

 

G. Sánchez

Vice President, Sales

26,618

11,408

 

A. M. Rabagliati

Vice President, Human Resources

26,618

11,408

 

A. Luksic

Vice President, Development

19,013

8,148

 

F. Walther

Corporate Manager, Projects

19,013

8,148

 

P. Enei

Vice President, Legal

22,816

9,778

 

A. Sougarret

General Manager, Minera Centinela

23,766

10,186

 

R. Mayne Nicholls

General Manager, Minera Los Pelambres

23,766

10,186

 

R. Jorquera

General Manager, Minera Antucoya

19,013

8,148

 

L. González

General Manager, Minera Zaldívar

19,013

8,148

 

 

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 vest 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 (2016-2018), 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 2017, one third in March 2018 and the final third in March 2019.

 

 

 

Investors - London Media - London

Andrew Lindsay alindsay@antofagasta.co.uk Carole Cable antofagasta@brunswickgroup.com

Paresh Bhanderi pbhanderi@antofagasta.co.uk Will Medvei antofagasta@brunswickgroup.com

Telephone +44 20 7808 0988 Telephone +44 20 7404 5959

 

Investors - Santiago Media - Santiago

Alfredo Atucha aatucha@aminerals.cl Pablo Orozco porozco@aminerals.cl

Telephone +56 2 2798 7000 Carolina Pica cpica@aminerals.cl

Telephone +56 2 2798 7000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSEANDDASPKEEF
Date   Source Headline
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19th Apr 20054:02 pmRNSDirector Declaration
7th Apr 200512:21 pmRNSDirectorate Change
15th Mar 20057:02 amRNSFinal Results
26th Jan 200510:00 amRNSQuarterly Production Report

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