REG - Atalaya Mining PLC - Grant of Share Options and PDMR Notification

Atalaya MiningAnnouncement

12/06/2024 07:15

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RNS Number : 0435S  Atalaya Mining PLC  12 June 2024

 

12 June 2024

Atalaya Mining Plc.

("Atalaya" or "the Company")

Grant of Share Options and PDMR Notification

 

Atalaya Mining Plc (LSE: ATYM) announces that in accordance with the Company's
Long Term Incentive Plan 2020 (the "LTIP20") which was approved by
shareholders at the Annual General Meeting on 25 June 2020, it has granted
1,305,000 share options (the "Options") to Persons Discharging Managerial
Responsibilities ("PDMRs") and other employees.

The Options expire on 10 June 2029, five years from the deemed date of grant
(11 June 2024), have an exercise price of 413.5 pence per ordinary share,
being the last mid-market closing price on the grant date, and vest in three
equal tranches, one third on grant and the balance equally on the first and
second anniversary of the grant date.

The 1,305,000 share options have been allocated as per the table below:

 

 Name                Position                      Number of share options granted  Total number of share options following this notification  Total beneficial holding of shares following this notification  Total beneficial holding (options + ordinary shares) as % of Company's fully
                                                                                                                                                                                                               diluted issued share capital
 Alberto Lavandeira  CEO/Managing Director         400,000                          2,000,000                                                  880,000                                                         1.972%
 Enrique Delgado     General Manager - Operations  200,000                          800,000                                                    --                                                              0.548%
 César Sánchez       CFO                           200,000                          700,000                                                    100,000                                                         0. 548%
                     Total                         800,000                          3,500,000                                                  980,000                                                         3.068%
 Other Employees                                   505,000                          1,967,000
                     Total                         1,305,000                        5,467,000

 

Following these Options, the Company has granted options over an aggregate of
5,467,000 ordinary shares.

Set out below is the information required by Article 19(3) of the EU Market
Abuse Regulation No 596/2014:

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Alberto Lavandeira
 2   Reason for the notification
 a)  Position/status                                              CEO
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Atalaya Mining Plc
 b)  LEI                                                          549300QNQPXVRXGXOX56
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Share options

     Identification code

                                                                  CY0106002112
 b)  Nature of the transaction                                    Share options grant
 c)  Price(s) and volume(s)                                       Exercise Price: 413.5p

                                                                  Volume: 400,000 share options
 d)  Aggregated information                                       n/a

 e)  Date of the transaction                                      11 June 2024
 f)  Place of the transaction                                     Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Enrique Delgado
 2   Reason for the notification
 a)  Position/status                                              General Manager of Operations
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Atalaya Mining Plc
 b)  LEI                                                          549300QNQPXVRXGXOX56
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Share options

     Identification code

                                                                  CY0106002112
 b)  Nature of the transaction                                    Share options grant
 c)  Price(s) and volume(s)                                       Exercise Price: 413.5p

                                                                  Volume: 200,000 share options
 d)  Aggregated information                                        n/a

 e)  Date of the transaction                                      11 June 2024
 f)  Place of the transaction                                     Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Cesar Sanchez
 2   Reason for the notification
 a)  Position/status                                              CFO
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Atalaya Mining Plc
 b)  LEI                                                          549300QNQPXVRXGXOX56
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Share options

     Identification code

                                                                  CY0106002112
 b)  Nature of the transaction                                    Share options grant
 c)  Price(s) and volume(s)                                       Exercise Price: 413.5p

                                                                  Volume: 200,000 share options
 d)  Aggregated information                                       n/a

 e)  Date of the transaction                                      11 June 2024
 f)  Place of the transaction                                     Outside a trading venue

 

Contacts:

 SEC Newgate UK       Elisabeth Cowell / Tom Carnegie / Matthew Elliott  +44 20 3757 6882
 Atalaya Mining       Michael Rechsteiner                                +34 959 59 28 50
 Canaccord Genuity    James Asensio / George Grainger                    +44 20 7523 8000

 (Joint Broker)
 BMO Capital Markets  Tom Rider / Andrew Cameron                         +44 20 7236 1010

 (Joint Broker)
 Peel Hunt LLP        Ross Allister / David McKeown                      +44 20 7418 8900

 (Joint Broker)

 

About Atalaya Mining Plc

Atalaya is a European copper producer that owns and operates the Proyecto
Riotinto complex in southwest Spain. Atalaya's shares trade on the London
Stock Exchange's Main Market (Premium Segment) under the symbol "ATYM".

Atalaya's operations include the Cerro Colorado open pit mine and a modern 15
Mtpa processing plant, which has the potential to become a central processing
hub for ore sourced from its wholly owned regional projects around Riotinto,
such as Proyecto Masa Valverde and Proyecto Riotinto East. In addition,
Atalaya has a phased earn-in agreement for up to 80% ownership of Proyecto
Touro, a brownfield copper project in the northwest of Spain, as well as a
99.9% interest in Proyecto Ossa Morena. For further information, please visit
www.atalayamining.com (http://www.atalayamining.com)

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