Atalaya Mining PLC Granting of Share Options (2922Y)

TIDMATYM

RNS Number : 2922Y

Atalaya Mining PLC

02 March 2017

2 March 2017

Atalaya Mining plc ("Atalaya" or the "Company")

Granting of share options

Atalaya (AIM: ATYM, TSX: AYM), the European mining and development company, announces that, in accordance with the Company's incentive share option program, it has granted 800,000 incentive share options to Persons Discharging Managerial Responsibilities ("PDMRs") and management. Such options have been granted pursuant to the resolutions passed by shareholders at the Company's 2016 Annual General Meeting ("AGM") and according to the provisions of the Company's Share Option Plan 2013. In addition, the Company has granted 100,000 share options to Cesar Sanchez, CFO of the Company, as part of his contractual entitlement on joining the Company in July 2016.

The share options expire five years from the date of grant (23 February 2017), have an exercise price of 144.0 pence per share, based on the minimum share price in the five days preceding the grant date and vest in three equal tranches - one third on grant, one third on the first anniversary of the original grant date and one third on the second anniversary of the original grant date.

The 900,000 share options have been allocated as per the table below.

 
 Name                     Position               Number                Total         Total 
                                                     of           beneficial    beneficial 
                                              incentive              holding       holding 
                                                  share              (shares       as % of 
                                                options           & options)     Company's 
                                                 issued            following         fully 
                                                           this notification       diluted 
                                                                                    issued 
                                                                                     share 
                                                                                   capital 
                          CEO/Managing 
 Alberto Lavandeira        Director             150,000              450,000         0.38% 
 Julian Sanchez           COO                    95,000              195,000         0.16% 
 Cesar Sanchez            CFO                   100,000              100,000         0.08% 
                          GFC and Company 
 George Hadjineophytou     Secretary             55,000               55,000         0.05% 
  PDMR Total                                    400,000 
  Management                                    500,000 
                                            ----------- 
  Total                                         900,000 
                                            =========== 
 

The Company now has an aggregate of 1,765,354 options and warrants on issue.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

Contacts:

 
 Atalaya Mining         Roger Davey / Alberto        +34 959 
  plc                    Lavandeira                   59 28 50 
---------------------  ---------------------------  ------------ 
 Canaccord Genuity 
  (NOMAD and Joint      Henry Fitzgerald-O'Connor    [phone] 
  Broker)                / Martin Davison             8000 
---------------------  ---------------------------  ------------ 
 BMO Capital Markets    Jeffrey Couch/Neil           [phone] 
  (Joint Broker)         Haycock/Tom Rider            1010 
---------------------  ---------------------------  ------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 02, 2017 02:01 ET (07:01 GMT)