22 May 2024
Atalaya Mining Plc.
("Atalaya" or "the Company")
Additional Listing and PDMR Share Dealings
Exercise of share options
Atalaya Mining Plc (LSE: ATYM) announces that it has issued 600,000 ordinary shares of 7.5p in the Company ("Option Shares") pursuant to the exercise of share options by Mr. Alberto Lavandeira, CEO, who is a person discharging managerial responsibilities ("PDMR"). These options were issued as part of the Company's long term incentive plan and were due to expire on 28 May 2024.
An application has been made to the Financial Conduct Authority ("FCA") and the London Stock Exchange ("LSE") for the listing of the Option Shares to be admitted to the Official List of the FCA and to trading on the LSE. The Option Shares are expected to be admitted to trading on the LSE from 8:00am BST on 29 May 2024 ("Admission"). The Option Shares will rank pari passu with the ordinary shares already in issue.
Immediately following Admission, and in accordance with FCA Disclosure Guidance and Transparency Rule 5.6.1, the Company's total issued share capital will comprise of 140,565,709 ordinary shares.
In addition, the Company has been notified on 22 May 2024 that Mr. Alberto Lavandeira, a PDMR, had sold 150,000 ordinary shares in Atalaya at an average price of 482.45 pence per share (the "Share Sale"). The Company was informed by Mr. Lavandeira that proceeds from the Share Sale will be principally used to settle personal income tax liabilities that will result from the exercise of the Option Shares. Following the issuance of the Options Shares and the share sale, Mr. Lavandeira's ownership of ordinary shares in the Company will increase from 430,000 ordinary shares to 880,000 ordinary shares, representing 0.63% of the Company's issued share capital.
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 Identification code | Ordinary shares of 7.5p CY0106002112 | ||||||||||
| b) | Nature of the transaction | Exercise of options and share disposal
| ||||||||||
| c) | Price(s) and volume(s)
| Exercise of Options:
Share Disposal:
| ||||||||||
| d) | Aggregated information | Exercise of Options: Exercise Price: 201.5p Volume: 600,000 Share Disposal: Price: 482.45p Volume: 150,000 shares
| ||||||||||
| e) | Date of the transaction | 22/05/2024
| ||||||||||
| f) | Place of the transaction | London Stock Exchange | ||||||||||
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 (Joint Broker) | James Asensio / George Grainger | +44 20 7523 8000 |
| BMO Capital Markets (Joint Broker) | Tom Rider / Andrew Cameron | +44 20 7236 1010 |
| Peel Hunt LLP (Joint Broker) | Ross Allister / David McKeown | +44 20 7418 8900 |
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
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