Copper mining and rail network services company Antofagasta plc (ANTO.L) Monday said it received notification that, on April 12, awards calculated by reference to the value of ordinary shares in the company were granted under the Antofagasta Long Term Incentive Plan to Persons Discharging Managerial Responsibility of the company.
According to the Long Term Incentive Plan or LTIP, the CEO D. Hernández received 45.242 performance awards and 45.242 restricted awards.
The company said 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. Further, no shares are issued to participants in the LTIP and no consideration was paid for the grant of any awards, added the company.
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