Anglo American PLC

Director's Dealing • Mar 6, 2024

National Storage Mechanism | Additional information

RNS Number : 8182F

Anglo American PLC

06 March 2024

Anglo American plc (the "Company")

Registered office: 17 Charterhouse Street, London EC1N 6RA, United Kingdom

Registered number: 3564138 (incorporated in England and Wales)

LEI: 549300S9XF92D1X8ME43

Notification of transactions by Directors / PDMRs

The Company announces the following transactions in its Ordinary Shares ("Shares") by Directors and PDMRs.

Vesting of Shares awarded at nil cost under the Company's Bonus Share Plan ("BSP"), Long Term Incentive Plan ("LTIP") and Non-Cyclical Share Awards Plan ("NCA").

On 4 March 2024, awards made under the BSP, LTIP and NCA vested to a Director and PDMRs and Shares were released and sold to cover withholding taxes as noted below at £17.3653 per share (or JSE: ZAR407.6388 per share).

Awards granted under the LTIP in 2021 vested at 40.33% based on the extent to which the relevant performance conditions were met. Further details can be found in the Directors' remuneration report of the Company's 2023 Integrated Annual Report (the "2023 remuneration report"), published on 4 March 2024. The awards therefore vested to the following Director and PDMRs, to the extent noted below. The remaining portion of the share awards did not vest and lapsed on the same date.

Awards granted under the BSP to PDMRs vest in two tranches. For grants made up to 2020, the first tranche, equal to two thirds of the award, vests three years after grant and the remaining third vests as a second tranche five years from grant. For grants made from 2021, the first tranche, equal to one third of the award, vests two years after grant and the remaining two thirds vests as a second tranche three years after grant. First tranches of the 2022 BSP awards and the second tranche of the 2019 and 2021 BSP awards have vested as set out below.

Awards granted under the NCA were made to Monique Carter and Al Cook following the start of their employment with the Group in 2023, and to Themba Mkhwanazi following his appointment to the executive leadership team in 2020. The awards vest in March of each year, subject to continued employment.

Where applicable, Shares under award in the table below are inclusive of adjustments to existing awards under the BSP, LTIP and NCA following the demerger of Anglo American's thermal coal operations, as announced on 18 June 2021. Further details can be found in the 2021 Directors' remuneration report.

All Shares were released net of Shares sold to cover taxes as indicated below. The net Shares released under all LTIP awards, except for those made to Matt Daley and Matt Walker as these awards were granted prior to their appointments to the executive leadership team in 2023, are subject to a further two-year holding period, during which time they may not be sold or transferred.

Director/PDMR	Share Plan	Shares under award	Shares Vested	Shares sold for tax	Net Shares retained by Director/PDMR
Duncan Wanblad	2021 LTIP	68,548	27,645	12,994	14,651
Duncan Wanblad	2019 BSP	11,373	11,373	5,346	6,027
Duncan Wanblad	2021 BSP	8,251	8,251	3,878	4,373
Duncan Wanblad	2022 BSP	4,785	4,785	2,249	2,536
Monique Carter	2023 NCA	85,825	85,825	40,338	45,487
Al Cook	2023 NCA	8,052	8,052	3,785	4,267
Matt Daley	2021 LTIP	19,081	7,694	3,618	4,076
Matt Daley	2021 BSP	4,332	4,332	2,037	2,295
Matt Daley	2022 BSP	2,142	2,142	1,007	1,135
Ruben Fernandes	2021 LTIP	62,443	25,182	11,836	13,346
Ruben Fernandes	2019 BSP	4,700	4,700	2,192	2,508
Ruben Fernandes	2021 BSP	9,553	9,553	4,490	5,063
Ruben Fernandes	2022 BSP	3,927	3,927	1,846	2,081
Tom McCulley	2021 BSP	4,297	4,297	1,653	2,644
Tom McCulley	2022 BSP	2,474	2,474	1,060	1,414
Themba Mkhwanazi	2020 NCA	9,191	9,191	4,823	4,368
Richard Price	2021 LTIP	46,851	18,894	8,881	10,013
Richard Price	2019 BSP	7,698	7,698	3,619	4,079
Richard Price	2021 BSP	6,795	6,795	3,194	3,601
Richard Price	2022 BSP	4,036	4,036	1,897	2,139
Matt Walker	2021 LTIP	14,059	5,669	2,665	3,004
Matt Walker	2021 BSP	3,287	3,287	1,546	1,741
Matt Walker	2022 BSP	1,471	1,471	692	779

Other transactions in Shares by a Director/PDMR

The Company further announces that on 5 March 2024, Stuart Chambers, Chairman, transferred Shares held by him to an individual savings account ("ISA") held in his name. The ISA transfer was effected by the sale and immediate repurchase of Shares. Following the ISA transfer, the number and beneficial ownership of Shares held by Mr. Chambers is unchanged.

In accordance with Article 19 of the UK Market Abuse Regulation, the relevant FCA notifications are set out below.

1.

Details of PDMR / person closely associated (PCA)

a)

Name

Duncan Wanblad

2.

Reason for the notification

a)

Position / status

Chief Executive (Director/PDMR)

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Anglo American plc

b)

LEI

549300S9XF92D1X8ME43

4.1

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Release of Shares awarded in March 2019, March 2021 and March 2022 under the terms of the Anglo American plc Long Term Incentive Plan and Bonus Share Plan.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 0.00	27,645
GBP 0.00	11,373
GBP 0.00	8,251
GBP 0.00	4,785

e)

Aggregated information

Aggregated volume

Price

52,054

GBP 0.00

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON              

4.2

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Sale of Shares released under the terms of the Anglo American plc Long Term Incentive Plan and Bonus Share Plan to cover tax.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 17.3653	12,994
GBP 17.3653	5,346
GBP 17.3653	3,878
GBP 17.3653	2,249

e)

Aggregated information

Aggregated volume

Price

24,467

GBP 17.3653

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON

1.

Details of PDMR / person closely associated (PCA)

a)

Name

Monique Carter

2.

Reason for the notification

a)

Position / status

People & Organisation Director (PDMR)

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Anglo American plc

b)

LEI

549300S9XF92D1X8ME43

4.1

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Release of Shares awarded in June 2023 under the terms of the Anglo American plc Non-Cyclical Share Awards Plan.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 0.00	85,825

e)

Aggregated information

Aggregated volume

Price

85,825

GBP 0.00

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON              

4.2

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Sale of Shares released under the terms of the Anglo American plc Non-Cyclical Share Awards Plan to cover tax. 

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 17.3653	40,338

e)

Aggregated information

Aggregated volume

Price

40,338

GBP 17.3653

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON

1.

Details of PDMR / person closely associated (PCA)

a)

Name

Al Cook

2.

Reason for the notification

a)

Position / status

CEO of De Beers (PDMR)

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Anglo American plc

b)

LEI

549300S9XF92D1X8ME43

4.1

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Release of Shares awarded in March 2023 under the terms of the Anglo American plc Non-Cyclical Share Awards Plan.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 0.00	8,052

e)

Aggregated information

Aggregated volume

Price

8,052

GBP 0.00

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON              

4.2

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Sale of Shares released under the terms of the Anglo American plc Non-Cyclical Share Awards Plan to cover tax. 

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 17.3653	3,785

e)

Aggregated information

Aggregated volume

Price

3,785

GBP 17.3653

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON

1.

Details of PDMR / person closely associated (PCA)

a)

Name

Matt Daley

2.

Reason for the notification

a)

Position / status

Technical & Operations Director (PDMR)

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Anglo American plc

b)

LEI

549300S9XF92D1X8ME43

4.1

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Release of Shares awarded in March 2021 and March 2022 under the terms of the Anglo American plc Long Term Incentive Plan and Bonus Share Plan.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 0.00	7,694
GBP 0.00	4,332
GBP 0.00	2,142

e)

Aggregated information

Aggregated volume

Price

14,168

GBP 0.00

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON              

4.2

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Sale of Shares released under the terms of the Anglo American plc Long Term Incentive Plan and Bonus Share Plan to cover tax.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 17.3653	3,618
GBP 17.3653	2,037
GBP 17.3653	1,007

e)

Aggregated information

Aggregated volume

Price

6,662

GBP 17.3653

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON

1.

Details of PDMR / person closely associated (PCA)

a)

Name

Ruben Fernandes

2.

Reason for the notification

a)

Position / status

Regional Director, Americas (PDMR)

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Anglo American plc

b)

LEI

549300S9XF92D1X8ME43

4.1

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Release of Shares awarded in March 2019, March 2021 and March 2022 under the terms of the Anglo American plc Long Term Incentive Plan and Bonus Share Plan.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 0.00	25,182
GBP 0.00	4,700
GBP 0.00	9,553
GBP 0.00	3,927

e)

Aggregated information

Aggregated volume

Price

43,362

GBP 0.00

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON              

4.2

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Sale of Shares released under the terms of the Anglo American plc Long Term Incentive Plan and Bonus Share Plan to cover tax.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 17.3653	11,836
GBP 17.3653	2,192
GBP 17.3653	4,490
GBP 17.3653	1,846

e)

Aggregated information

Aggregated volume

Price

20,364

GBP 17.3653

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON

1.

Details of PDMR / person closely associated (PCA)

a)

Name

Tom McCulley

2.

Reason for the notification

a)

Position / status

CEO of Crop Nutrients (PDMR)

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Anglo American plc

b)

LEI

549300S9XF92D1X8ME43

4.1

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Release of Shares awarded in 2021 and 2022 under the terms of the Anglo American plc Bonus Share Plan.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 0.00	4,297
GBP 0.00	2,474

e)

Aggregated information

Aggregated volume

Price

6,771

GBP 0.00

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON              

4.2

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Sale of Shares released under the terms of the Anglo American plc Bonus Share Plan to cover tax.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 17.3653	1,653
GBP 17.3653	1,060

e)

Aggregated information

Aggregated volume

Price

2,713

GBP 17.3653

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON

1.

Details of PDMR / person closely associated (PCA)

a)

Name

Themba Mkhwanazi

2.

Reason for the notification

a)

Position / status

Regional Director, Africa & Australia (PDMR)

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Anglo American plc

b)

LEI

549300S9XF92D1X8ME43

4.1

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Release of Shares awarded in March 2020 under the terms of the Anglo American plc Non-Cyclical Share Awards Plan.

c)

Currency

ZAR - South African Rand

d)

Price(s) and volume(s)

Price(s)	Volume(s)
ZAR 0.00	9,191

e)

Aggregated information

Aggregated volume

Price

9,191

ZAR 0.00

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

Johannesburg Stock Exchange - XJSE

4.2

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Sale of Shares released under the terms of the Anglo American plc Non-Cyclical Share Awards Plan to cover tax.

c)

Currency

ZAR - South African Rand

d)

Price(s) and volume(s)

Price(s)	Volume(s)
ZAR 407.6388	4,823

e)

Aggregated information

Aggregated volume

Price

4,823

ZAR 407.6388

f)

Date of the transaction

2024-03-05

g)

Place of the transaction

Johannesburg Stock Exchange - XJSE

1.

Details of PDMR / person closely associated (PCA)

a)

Name

Richard Price

2.

Reason for the notification

a)

Position / status

Legal & Corporate Affairs Director (PDMR)

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Anglo American plc

b)

LEI

549300S9XF92D1X8ME43

4.1

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Release of Shares awarded in 2019, 2021 and 2022 under the terms of the Anglo American plc Long Term Incentive Plan and Bonus Share Plan.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 0.00	18,894
GBP 0.00	7,698
GBP 0.00	6,795
GBP 0.00	4,036

e)

Aggregated information

Aggregated volume

Price

37,423

GBP 0.00

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON              

4.2

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Sale of Shares released under the terms of the Anglo American plc Long Term Incentive Plan and Bonus Share Plan to cover tax.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 17.3653	8,881
GBP 17.3653	3,619
GBP 17.3653	3,194
GBP 17.3653	1,897

e)

Aggregated information

Aggregated volume

Price

17,591

GBP 17.3653

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON

1.

Details of PDMR / person closely associated (PCA)

a)

Name

Matt Walker

2.

Reason for the notification

a)

Position / status

CEO of Marketing (PDMR)

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Anglo American plc

b)

LEI

549300S9XF92D1X8ME43

4.1

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Release of Shares awarded in 2021 and 2022 under the terms of the Anglo American plc Long Term Incentive Plan and Bonus Share Plan.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 0.00	5,669
GBP 0.00	3,287
GBP 0.00	1,471

e)

Aggregated information

Aggregated volume

Price

10,427

GBP 0.00

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON              

4.2

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

Sale of Shares released under the terms of the Anglo American plc Long Term Incentive Plan and Bonus Share Plan to cover tax.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 17.3653	2,665
GBP 17.3653	1,546
GBP 17.3653	692

e)

Aggregated information

Aggregated volume

Price

4,903

GBP 17.3653

f)

Date of the transaction

2024-03-04

g)

Place of the transaction

London Stock Exchange - XLON

1.

Details of PDMR / person closely associated (PCA)

a)

Name

Stuart Chambers

2.

Reason for the notification

a)

Position / status

Chairman (Director/PDMR)

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Anglo American plc

b)

LEI

549300S9XF92D1X8ME43

4.

Details of the transaction(s)

a)

Description of the financial instrument

Identification Code

Anglo American plc Ordinary Shares of USD0.54945 each

GB00B1XZS820

b)

Nature of the transaction

ISA transfer effected by the sale and immediate repurchase of Shares with no change in beneficial ownership.

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Shares sold

Shares repurchased

Price(s)	Volume(s)
GBP 17.33	19,478

Price(s)	Volume(s)
GBP 17.33	19,478

e)

Aggregated information

Aggregated volume

Price

n/a - single transaction

f)

Date of the transaction

2024-03-05

g)

Place of the transaction

London Stock Exchange - XLON

Clare Davage

Deputy Company Secretary

6 March 2024

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