Last checked at 1 Apr 2020 10:00
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 receivedGBP |
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 receivedGBP |
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 receivedGBP |
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 receivedGBP |
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 alindsay@antofagasta.co.uk Carole Cable antofagasta@brunswickgroup.com
Telephone +44 20 7808 0988 Telephone +44 20 7404 5959
Andres Vergara avergara@antofagasta.co.uk Will Medvei antofagasta@brunswickgroup.com
Telephone +44 20 7808 0988 Telephone +44 20 7404 5959
Media - Santiago
Pablo Orozco porozco@aminerals.cl
Paola Raffo praffo.van@aminerals.cl Telephone +56 2 2798 7000