Anglo American plc has announced the allocation of Ordinary Shares to Directors and Persons Discharging Managerial Responsibilities (PDMRs) under the Bonus Share Plan (BSP) and Long Term Incentive Plan (LTIP). The share price used for the allocation was £17.3216, based on the average closing share price between 26 February 2024 and 1 March 2024.
Under the BSP, one third of each Share award will vest and be released in March 2026, subject to continued employment, while the remaining two thirds will vest and be released in March 2027. The LTIP provides Executive Directors and senior leadership with conditional Shares that will vest in March 2027, subject to performance conditions, and generally be released in March 2029.
The Directors and PDMRs who received awards under the BSP include Duncan Wanblad, Alison Atkinson, Monique Carter, Al Cook, Matt Daley, Ruben Fernandes, Tom McCulley, Themba Mkhwanazi, Helena Nonka, Richard Price, and Matt Walker. The awards under the LTIP were allocated to Duncan Wanblad, John Heasley, Alison Atkinson, Monique Carter, Al Cook, Matt Daley, Ruben Fernandes, Tom McCulley, Themba Mkhwanazi, Helena Nonka, Richard Price, and Matt Walker.
The transactions were made at nil cost, and the relevant FCA notifications have been provided in accordance with Article 19 of the UK Market Abuse Regulation. The transactions took place on 8 March 2024 on the London Stock Exchange.
This announcement provides transparency regarding the allocation of shares to key individuals within Anglo American plc, aligning with the company's remuneration and incentive plans.