Hochschild Mining PLC Disclosure and Transparency Rule 3.1.4R (0228B)
December 31 2014 - 5:12AM
UK Regulatory
TIDMHOC
RNS Number : 0228B
Hochschild Mining PLC
31 December 2014
31 December 2014
Disclosure and Transparency Rule 3.1.4R
Hochschild Mining plc ('the Company') announces a change in the
interests of Ignacio Bustamante, an Executive Director of the
Company, in the Ordinary Shares of the Company ('Shares').
Restricted Share Plan
Following the approval of the Restricted Share Plan (the "Plan")
by the Company's shareholders, Ignacio Bustamante was granted a
conditional award over 1,319,392 Shares under the Plan on 30
December 2014. The number of Shares was calculated by reference to
a price of 102.21 pence, being the average market value of Shares
for the three months prior to the grant of the award. Mr Bustamante
will become entitled to receive 20% of the Shares after each of 2,
3 and 4 years and the balance after 5 years subject to satisfactory
performance and continued employment with the Hochschild Mining
group.
The award, which was granted for nil consideration, is intended
to be satisfied through the issue of new Shares. Further details of
the Plan can be found in the circular mailed to shareholders dated
10 December 2014 which is available on the Company's website.
Total Interests
Following the grant of awards, which took place in London and
was notified to the Company on 30 December 2014, Mr Bustamante
has:
(i) a holding of 62,219 Shares; and
(ii) an interest in conditional awards over 2,751,538
Shares.
Raj Bhasin
Company Secretary
Tel: + 44 (0)7825 533495
This information is provided by RNS
The company news service from the London Stock Exchange
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