TIDMATYM

RNS Number : 1519D

Atalaya Mining PLC

25 June 2021

25 June 2021

Atalaya Mining Plc.

("Atalaya" or the "Company")

Granting of share options and Director/PDMR Notification

Atalaya Mining Plc (AIM: ATYM; TSX: AYM), the European mining and development company, announces that in accordance with the Company's Long Term Inventive Plan 2020 (the "LTIP20") which was approved by shareholders at the Annual General Meeting on 25 June 2020, it has granted 1,150,000 share options (the "Options") to Persons Discharging Managerial Responsibilities ("PDMRs") and other management.

The Options expire ten years from the deemed date of grant (24 June 2021), have an exercise price of 309.0 pence per ordinary share, based on the average of the mid-market closing prices for the five dealing days immediately preceding the grant date, and vest in two equal tranches, half on grant and half on the first anniversary of the granting date.

The 1,150,000 share options have been allocated as per the table below:

 
 Name             Position           Number of         Total number       Total beneficial    Total beneficial 
                                    share options        of share              holding         holding (options 
                                       granted            options             of shares           + ordinary 
                                                         following            following           shares) as 
                                                     this notification    this notification     % of Company's 
                                                                                                fully diluted 
                                                                                                 issued share 
                                                                                                   capital 
 Alberto          CEO/Managing 
  Lavandeira       Director           400,000           1,550,000             240,000               1.26% 
                 ---------------  ---------------  -------------------  -------------------  ------------------ 
                  General 
 Enrique           Manager 
  Delgado          - Operations       200,000            750,000                 -                  0.53% 
                 ---------------  ---------------  -------------------  -------------------  ------------------ 
 César 
  Sánchez    CFO                 200,000            750,000                 -                  0.53% 
                 ---------------  ---------------  -------------------  -------------------  ------------------ 
  Total                               800,000           3,050,000             240,000               2.32% 
 -------------------------------  ---------------  -------------------  -------------------  ------------------ 
                Other Management      350,000            816,250 
                                  ---------------  ------------------- 
  Total                              1,150,000          3,866,250 
 -------------------------------  ---------------  ------------------- 
 

Following these grants, the Company has granted options over an aggregate of 3,866,250 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          Share options 
       instrument, type of instrument 
       Identification code                   CY0106002112 
     ------------------------------------  --------------------------------- 
 b)   Nature of the transaction             Share options grant 
     ------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)                Price: 309.0p 
                                             Volume: 400,000 share options 
     ------------------------------------  --------------------------------- 
 d)   Aggregated information                Price: 309.0p 
                                             Volume: 400,000 share options 
     ------------------------------------  --------------------------------- 
 e)   Date of the transaction               24 June 2021 
     ------------------------------------  --------------------------------- 
 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 Operation 
     ------------------------------------  --------------------------------- 
 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          Share options 
       instrument, type of instrument 
       Identification code                   CY0106002112 
     ------------------------------------  --------------------------------- 
 b)   Nature of the transaction             Share options grant 
     ------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)                Price: 309.0p 
                                             Volume: 200,000 share options 
     ------------------------------------  --------------------------------- 
 d)   Aggregated information                Price: 309.0p 
                                             Volume: 200,000 share options 
     ------------------------------------  --------------------------------- 
 e)   Date of the transaction               24 June 2021 
     ------------------------------------  --------------------------------- 
 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          Share options 
       instrument, type of instrument 
       Identification code                   CY0106002112 
     ------------------------------------  --------------------------------- 
 b)   Nature of the transaction             Share options grant 
     ------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)                Price: 309.0p 
                                             Volume: 200,000 share options 
     ------------------------------------  --------------------------------- 
 d)   Aggregated information                Price: 309.0p 
                                             Volume: 200,000 share options 
     ------------------------------------  --------------------------------- 
 e)   Date of the transaction               24 June 2021 
     ------------------------------------  --------------------------------- 
 f)   Place of the transaction              Outside a trading venue 
     ------------------------------------  --------------------------------- 
 

This announcement contains information which, prior to its publication constituted inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

Contacts:

 
                        Elisabeth Cowell / Adam Lloyd /      + 44 20 3757 
 SEC Newgate             Tom Carnegie                                6880 
                                                              +44 20 3170 
 4C Communications      Carina Corbett                               7973 
                       -----------------------------------  ------------- 
 Canaccord Genuity 
  (NOMAD and Joint      Henry Fitzgerald-O'Connor / James     +44 20 7523 
  Broker)                Asensio                                     8000 
                       -----------------------------------  ------------- 
 BMO Capital Markets                                          +44 20 7236 
  (Joint Broker)        Tom Rider / Andrew Cameron                   1010 
                       -----------------------------------  ------------- 
 Peel Hunt LLP                                                +44 20 7418 
  (Joint Broker)        Ross Allister / David McKeown                8900 
                       -----------------------------------  ------------- 
 

About Atalaya Mining Plc

Atalaya is an AIM and TSX-listed mining and development group which produces copper concentrates and silver by-product at its wholly owned Proyecto Riotinto site in southwest Spain. Atalaya's current operations include the Cerro Colorado open pit mine and a modern 15 Mtpa processing plant, which has the potential to become a centralised processing hub for ore sourced from its wholly owned regional projects around Riotinto that include Proyecto Masa Valverde and Proyecto Riotinto East. In addition, the Group has a phased, earn-in agreement for up to 80% ownership of Proyecto Touro, a brownfield copper project in the northwest of Spain. For further information, visit www.atalayamining.com

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