Antofagasta PLC NOTIFICATION OF TRANSACTIONS (8310U)

TIDMANTO

RNS Number : 8310U

Antofagasta PLC

30 March 2023

NEWS RELEASE, 30 MARCH 2023

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 2023, 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               Position of PDMR             Ndeg of Shares to which 
      PDMR                                                  awards relate 
                                                      Performance    Restricted 
                                                         Awards        Awards 
                                                     -------------  ----------- 
 I. Arriagada    CEO                                     99,321        42,567 
                -----------------------------------  -------------  ----------- 
 M. Ortiz        CFO                                     16,729        7,170 
                -----------------------------------  -------------  ----------- 
 A. Luksic       Vice President, Development             16,729        7,170 
                -----------------------------------  -------------  ----------- 
 G. Barcelo      Vice President, Human Resources         13,011        5,577 
                -----------------------------------  -------------  ----------- 
 F. Walther      Vice President, Projects                14,962        6,414 
                -----------------------------------  -------------  ----------- 
 G. Sanchez      Vice President, Sales                   13,011        5,577 
                -----------------------------------  -------------  ----------- 
                 Vice President, Northern 
 M. Larrain       Operations                             16,729        7,170 
                -----------------------------------  -------------  ----------- 
                 Vice President, Los Pelambres 
 A. Vasquez       Operations                             16,729        7,170 
                -----------------------------------  -------------  ----------- 
 P. Enei         Vice President, Legal                   14,962        6,414 
                -----------------------------------  -------------  ----------- 
                 Vice President, Corporate 
 R. Aguilar       Affairs and Sustainability             16,729        7,170 
                -----------------------------------  -------------  ----------- 
                 Vice President, Strategy 
 A. Muchnik       and Innovation                         13,011        5,577 
                -----------------------------------  -------------  ----------- 
 C. Espinoza     General Manager, Minera Centinela       16,729        7,170 
                -----------------------------------  -------------  ----------- 
 L. Gonzalez     General Manager, Minera Antucoya        13,011        5,577 
                -----------------------------------  -------------  ----------- 
 JC. Castillo    General Manager, Minera Zaldivar        13,011        5,577 
                -----------------------------------  -------------  ----------- 
 K. Jenny        General Manager, FCAB                   13,011        5,577 
                -----------------------------------  -------------  ----------- 
 Total number of Shares to which awards 
  relate                                                307,685       131,877 
                                                     -------------  -----------

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 (2023-2025), 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 2024, one third in March 2025 and the final third in March 2026.