Antofagasta PLC — Remuneration Information 2016

Mar 23, 2016

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RNS Number : 0256T

Antofagasta PLC

23 March 2016

NEWS RELEASE, 23 MARCH 2016

Long Term Incentive Plan awards to

Persons Discharging Managerial Responsibility

Disclosures notified in accordance with DTR 3.1.2R

Antofagasta plc (the "Company") announces that, on 22 March 2016, awards calculated by reference to the value of ordinary shares in the Company ("Shares") were granted under the Antofagasta Long Term Incentive Plan (the "LTIP") to Persons Discharging Managerial Responsibility ("PDMR") of the Company as set out below:

Name	Position	No. of Shares to which awards relate
Performance Awards	Restricted Awards
I. Arriagada	CEO, Antofagasta Minerals	85,559	36,668
H. Menares	Vice President, Operations	41,829	17,927
A. Atucha	Vice President, Finance and Administration, CFO	42,780	18,334
F. Veloso	Vice President, Corporate Affairs and Sustainability	26,618	11,408
G. Sánchez	Vice President, Sales	26,618	11,408
A. M. Rabagliati	Vice President, Human Resources	26,618	11,408
A. Luksic	Vice President, Development	19,013	8,148
F. Walther	Corporate Manager, Projects	19,013	8,148
P. Enei	Vice President, Legal	22,816	9,778
A. Sougarret	General Manager, Minera Centinela	23,766	10,186
R. Mayne Nicholls	General Manager, Minera Los Pelambres	23,766	10,186
R. Jorquera	General Manager, Minera Antucoya	19,013	8,148
L. González	General Manager, Minera Zaldívar	19,013	8,148

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 vest 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 (2016-2018), 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 2017, one third in March 2018 and the final third in March 2019.

Investors - London                                                                                 Media - London

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                                                                                Media - Santiago

Alfredo Atucha                     aatucha@aminerals.cl                        Pablo Orozco                  porozco@aminerals.cl

Telephone                              +56 2 2798 7000                                      Carolina Pica                  cpica@aminerals.cl

Telephone                        +56 2 2798 7000

This information is provided by RNS

The company news service from the London Stock Exchange

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