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 Identification code | Share options
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 Identification code | Share options
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 Identification code | Share options
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 (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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