Antofagasta PLC Director/PDMR Shareholding (5676G)

TIDMANTO

RNS Number : 5676G

Antofagasta PLC

30 March 2022

NEWS RELEASE, 30 MARCH 2022

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 2022, 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               Ndeg of Shares to which awards 
                                                                       relate 
                                                            Performance       Restricted 
                                                               Awards            Awards 
                                                         -----------------  -------------- 
 I. Arriagada    CEO                                           52,686           22,578 
                ---------------------------------------  -----------------  -------------- 
 M. Ortiz        CFO                                           13,672            5,859 
                ---------------------------------------  -----------------  -------------- 
 A. Luksic       Vice President, Development                   13,672            5,859 
                ---------------------------------------  -----------------  -------------- 
 G. Barcelo      Vice President, Human Resources               10,634            4,557 
                ---------------------------------------  -----------------  -------------- 
 F. Walther      Vice President, Projects                      12,229            5,241 
                ---------------------------------------  -----------------  -------------- 
 G. Sanchez      Vice President, Sales                         10,634            4,557 
                ---------------------------------------  -----------------  -------------- 
                 Vice President, Northern 
 M. Larrain       Operations                                   13,672            5,859 
                ---------------------------------------  -----------------  -------------- 
                 Vice President, Los Pelambres 
 A. Vasquez       Operations                                   13,672            5,859 
                ---------------------------------------  -----------------  -------------- 
 P. Enei         Vice President, Legal                         12,229            5,241 
                ---------------------------------------  -----------------  -------------- 
                 Vice President, Corporate 
 R. Aguilar       Affairs and Sustainability                   13,672            5,859 
                ---------------------------------------  -----------------  -------------- 
                 Vice President, Strategy 
 A. Muchnik       and Innovation                               10,634            4,557 
                ---------------------------------------  -----------------  -------------- 
 C. Espinoza     General Manager, Minera Centinela             13,672            5,859 
                ---------------------------------------  -----------------  -------------- 
 L. Gonzalez     General Manager, Minera Antucoya              10,634            4,557 
                ---------------------------------------  -----------------  -------------- 
 JC. Castillo    General Manager, Minera Zaldívar         10,634            4,557 
                ---------------------------------------  -----------------  -------------- 
 K. Jenny        General Manager, FCAB                         10,634            4,557 
                ---------------------------------------  -----------------  -------------- 
 Total number of Shares to which awards 
  relate                                                      222,980           95,556 
                                                         -----------------  --------------

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 (2022-2024), 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 2023, one third in March 2024 and the final third in March 2025.