Hochschild Mining PLC Director/PDMR Shareholding (8029S)
March 21 2016 - 11:21AM
UK Regulatory
TIDMHOC
RNS Number : 8029S
Hochschild Mining PLC
21 March 2016
Disclosure Rules and Transparency Rules 3.1.4R
Hochschild Mining plc ('the Company') announces the changes
detailed below in the interests of Ignacio Bustamante, an Executive
Director of the Company, in the Ordinary Shares of the Company
('Shares').
Deferred Bonus Plan ("DBP")
- Vesting
Following the vesting, on 20 March 2016, of the second tranche
of the DBP award granted with respect to the deferred part of the
2013 bonus, Mr Bustamante has acquired 66,727 Shares for nil
consideration.
- Grant of Award
Mr Bustamante was granted a conditional award over 80,766 Shares
under the DBP on 16 March 2016 in respect of a part of his 2015
bonus. The number of Shares was calculated by reference to a price
of 86.583 pence, being the average mid-market closing price of a
Share for the three trading days prior to the grant of the
award.
The award was granted for nil consideration and, subject to
continued employment with the Hochschild Mining group, will vest as
to 50% on the first anniversary of the grant date and as to the
remaining 50% on the second anniversary of the grant date.
Total Interests
Following the vesting and grant of awards detailed above which
took place in London and were notified to the Company on 21 March
2016, Mr Bustamante has:
(i) a holding of 233,437 Shares; and
(ii) an interest in conditional awards over 2,853,191* Shares
(of which 1,572,338 Shares are subject only to continued
employment, and 1,280,853* Shares are subject to performance
conditions).
Raj Bhasin
Company Secretary
Tel: 020 3714 9040
* these figures reflect the fact that a conditional award over
102,365 Shares which was granted in 2011 under the Enhanced Long
Term Incentive Plan will lapse on 28 April 2016 as the underlying
performance conditions were not satisfied over the five-year
performance period ending 31 December 2015
This information is provided by RNS
The company news service from the London Stock Exchange
END
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