27 June 2024
Atalaya Mining Plc.
("Atalaya" or "the Company")
Results of the 2024 Annual General Meeting
Atalaya Mining Plc (LSE: ATYM) is pleased to announce that all of the resolutions proposed at the Company's Annual General Meeting, held today, were duly passed.
The detailed results of the proxy votes received are set out below:
| Resolution | Total Proxy Votes | Votes For | Votes Against | Votes Withheld / non votes | |||
| Number | % | Number | % |
| |||
| 1 | Approval of the Financial Statements as at 31 December 2023 | 94,677,298 | 94,606,266 | 100% | 71,032 | 0% | 1,715 |
| 2 | Re-election of Mr. Roger Davey | 94,677,300 | 94,049,714 | 99% | 627,586 | 1% | 1,713 |
| 3 | Re-election of Mr. Alberto Lavandeira | 94,677,300 | 94,414,204 | 100% | 263,096 | 0% | 1,713 |
| 4 | Re-election of Mr. Jesus Fernandez | 94,126,254 | 83,645,031 | 89% | 10,481,223 | 11% | 552,759 |
| 5 | Re-election of Mr. Hussein Barma | 94,677,300 | 89,477,933 | 95% | 5,199,367 | 5% | 1,713 |
| 6 | Re-election of Mr. Neil Gregson | 94,677,300 | 86,131,705 | 91% | 8,545,595 | 9% | 1,713 |
| 7 | Re-election of Mr. Stephen Scott | 94,677,300 | 89,116,620 | 94% | 5,560,680 | 6% | 1,713 |
| 8 | Re-election of Ms. Kate Harcourt | 94,677,300 | 89,149,995 | 94% | 5,527,305 | 6% | 1,713 |
| 9 | Re-election of Ms. Carole Whittall | 94,677,300 | 94,615,137 | 100% | 62,163 | 0% | 1,713 |
| 10 | Appointment of PricewaterhouseCoopers Ltd | 94,678,966 | 94,614,931 | 100% | 64,035 | 0% | 47 |
| 11 | To declare a final dividend for the financial year ended 31 December 2023 | 94,677,300 | 94,660,202 | 100% | 17,098 | 0% | 1,713 |
| 12 | Approval of Directors' remuneration report | 94,677,828 | 68,102,204 | 72% | 26,575,624 | 28% | 1,185 |
| 13 | Approval of Directors' remuneration policy | 94,677,828 | 63,485,819 | 67% | 31,192,009 | 33% | 1,185 |
| 14 | Authorise the Directors to grant awards under the LTIP | 90,317,268 | 68,798,135 | 76% | 21,519,133 | 24% | 4,361,745 |
| 15 | To authorise the Directors to allot ordinary shares in the capital | 94,677,298 | 94,614,657 | 100% | 62,641 | 0% | 1,715 |
| 16 | To amend the Articles of Association | 94,677,298 | 94,615,135 | 100% | 62,163 | 0% | 1,715 |
| 17 | Approval of Cross-Border Conversion to Spain | 94,678,966 | 94,660,036 | 100% | 18,930 | 0% | 47 |
| 18 | Submission of application to the Nicosia District Court | 94,678,966 | 94,660,202 | 100% | 18,764 | 0% | 47 |
| 19 | Application and submission of all necessary tax returns with the authorities in Cyprus | 94,678,966 | 94,660,202 | 100% | 18,764 | 0% | 47 |
| 20 | Delegation of powers | 94,677,300 | 94,614,927 | 100% | 62,373 | 0% | 1,746 |
Although the Company is pleased that all resolutions were passed at today's AGM, the Board of Directors note that more than 20% of the proxy votes cast were voted against Resolution 12 (Approval of Directors' remuneration report), Resolution 13 (Approval of Directors' remuneration policy) and Resolution 14 (Authorise the Directors to grant awards under the LTIP).
As disclosed in its 2023 Annual Report, the Company is in the process of implementing a series of changes related to remuneration over the course of 2024.
The Board of Directors intends to engage with the shareholders who were opposed to the resolutions and will provide an update on the consultations within six months as required by the UK Corporate Governance Code.
Contacts:
| SEC Newgate UK | Elisabeth Cowell / Tom Carnegie / Matthew Elliott | +44 20 3757 6882 |
| Atalaya Mining | Michael Rechsteiner | +34 959 59 28 50 |
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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