Last checked at 3 Apr 2017 10:00
NEWS RELEASE, 3 APRIL 2017
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 30 March 2017, 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, Antofagasta plc | 76,070 | 32,602 |
A. Atucha | Vice President, Finance and Administration, CFO | 31,120 | 13,337 |
H. Menares | Vice President, Operations | 31,120 | 13,337 |
G. Sánchez | Vice President, Sales | 19,363 | 8,299 |
F. Veloso | Vice President, Institutional Relations | 19,363 | 8,299 |
A. M. Rabagliati | Vice President, Human Resources | 19,363 | 8,299 |
R. Aguilar | Vice President, Corporate Affairs and Sustainability | 17,289 | 7,409 |
P. Enei | Vice President, Legal | 16,597 | 7,113 |
F. Walther | Corporate Manager, Projects | 13,831 | 5,928 |
A. Luksic | Vice President, Development | 16,597 | 7,113 |
A. Hevia | General Manager, Minera Centinela | 17,289 | 7,409 |
R. Mayne Nicholls | General Manager, Twin Metals Minnesota | 17,289 | 7,409 |
M. Larraín | General Manager, Minera Los Pelambres | 17,289 | 7,409 |
R. Jorquera | General Manager, Minera Antucoya | 13,831 | 5,928 |
L. González | General Manager, Minera Zaldívar | 13,831 | 5,928 |
M. Ortíz | General Manager, FCAB | 13,831 | 5,928 |
Total number of Shares to which awards relate | 354,073 | 151,747 | |
These are awards granted under the LTIP which the Company has established to reward senior executives in a way that aligns their interests with the interests of shareholders and with the Company'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 (2017-2019), 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 2018, one third in March 2019 and the final third in March 2020.
The above transaction took place outside of a trading venue.
2. The Company announces that, on 19 March 2017, 22 March 2017 and 25 March 2017, restricted awards granted under the LTIP on 19 March 2014, 25 March 2015 and 22 March 2016 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, Antofagasta plc | 24,104 | 202,202 |
A. Atucha | Vice President, Finance and Administration, CFO | 18,031 | 151,017 |
H. Menares | Vice President, Operations | 21,276 | 178,122 |
G. Sánchez | Vice President, Sales | 13,540 | 113,352 |
F. Veloso | Vice President, Institutional Relations | 13,540 | 113,352 |
A. M. Rabagliati | Vice President, Human Resources | 13,540 | 113,352 |
P. Enei | Vice President, Legal | 11,605 | 97,156 |
F. Walther | Corporate Manager, Projects | 9,671 | 80,963 |
A. Luksic | Vice President, Development | 5,139 | 43,090 |
R. Mayne Nicholls | General Manager, Twin Metals Minnesota | 11,741 | 98,300 |
R. Jorquera | General Manager, Minera Antucoya | 9,671 | 80,963 |
L. González | General Manager, Minera Zaldívar | 2,716 | 22,837 |
M. Ortíz | General Manager, FCAB | 2,037 | 17,128 |
Total number of Shares to which awards relate that vested and cash received | 156,611 | 1,311,834 | |
The market value of the Shares on the date the awards vested was £8.34 for the restricted awards granted on 19 March 2014, £8.37 for the restricted awards granted on 25 March 2015 and £8.41 for the restricted awards granted on 22 March 2016.
The above transaction took place outside of a trading venue.
3. The Company announces that, on 30 March 2017, performance awards granted under the LTIP on 19 March 2014 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 |
A. Atucha | Vice President, Finance and Administration, CFO | 14,373 | 59,240 |
H. Menares | Vice President, Operations | 19,762 | 81,451 |
G. Sánchez | Vice President, Sales | 12,576 | 51,833 |
F. Veloso | Vice President, Investor Relations | 12,576 | 51,833 |
A. M. Rabagliati | Vice President, Human Resources | 12,576 | 51,833 |
P. Enei | Vice President, Legal | 10,779 | 44,427 |
F. Walther | Corporate Manager, Projects | 8,983 | 37,024 |
A. Luksic | Vice President, Development | 2,515 | 10,366 |
R. Mayne Nicholls | General Manager, Twin Metals Minnesota | 10,779 | 44,427 |
R. Jorquera | General Manager, Minera Antucoya | 8,983 | 37,024 |
Total number of Shares to which awards relate that vested and cash received | 113,902 | 469,458 | |
The market value of the Shares on the date the awards vested was £8.34.
The above transaction took place outside of a trading venue.
Investors - London Media (Brunswick)
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
Francisco Veloso fveloso@aminerals.cl
Telephone +56 2 2798 7000