Anglo American PLC has announced transactions in its Ordinary Shares by a Director/PDMR, John Heasley. These transactions are related to his appointment as Finance Director and compensation for incentives forfeited from his previous employer under the Company's Non-Cyclical Share Award Plan ("NCA"). The first tranche of the award vested on 15 April 2024, with 25,659 shares released. Of these, 12,085 shares were sold to cover withholding taxes, and 13,574 net shares were retained by Mr. Heasley. The remaining portion of the first tranche of the award did not vest and lapsed on the same date. The net shares released are subject to a further two-year holding period.
Additionally, Mr. Heasley was granted an award of 7,264 shares under the Company's NCA to compensate for the shares that would have been granted in April 2024 in relation to his 2023 bonus. This award will vest in April 2027, aligned to the vesting date of the award Mr. Heasley forfeited from his previous employer.
The transactions were conducted in accordance with Article 19 of the UK Market Abuse Regulation, with detailed information provided for each transaction. The transactions took place on the London Stock Exchange.
Clare Davage, Deputy Company Secretary, provided the notification of these transactions. Full details of Mr. Heasley's remuneration arrangements can be found in the Directors' remuneration report of the Company's 2023 Integrated Annual Report.
This announcement provides transparency regarding the Director/PDMR shareholding transactions and aligns with regulatory requirements.