Atalaya Mining PLC Granting of share options and PDMR Shareholding (9951E)

TIDMATYM

RNS Number : 9951E

Atalaya Mining PLC

10 July 2019

10 July 2019

Atalaya Mining Plc

("Atalaya", "Company" and/or the "Group")

Granting of share options and PDMR Shareholding

Atalaya Mining Plc (AIM: ATYM; TSX: AYM), the European mining and development company, announces that, in accordance with the Company's approved Share Option Plan 2013 (the "Option Plan"), it has granted 400,000 share options (the "Options") to Persons Discharging Managerial Responsibilities ("PDMRs").

The Options expire five years from the date of grant (8 July 2019), have an exercise price of 204.5 pence per ordinary share, based on the minimum share price in the five days preceding the grant date, and vest in two equal tranches, half on grant and half on the first anniversary of the granting date.

The 400,000 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 
                    General 
                     Manager 
 Enrique Delgado     of Operations       400,000            400,000                 -                  0.29% 
                   ----------------  ---------------  -------------------  -------------------  ------------------ 
  Total                                  400,000            400,000                 -                  0.29% 
 ----------------------------------  ---------------  -------------------  -------------------  ------------------ 
 

Following these grants, the Company has granted options over an aggregate of 2,713,000 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                                  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          Share options 
       instrument, type of instrument 
       Identification code                   CY0106002112 
     ------------------------------------  --------------------------------- 
 b)   Nature of the transaction             Share options grant 
     ------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)                Price: GBP2.045 
                                             Volume: 400,000 share options 
     ------------------------------------  --------------------------------- 
 d)   Aggregated information                Price: GBP2.045 
                                             Volume: 400,000 share options 
     ------------------------------------  --------------------------------- 
 e)   Date of the transaction               8 July 2019 
     ------------------------------------  --------------------------------- 
 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          + 44 20 3757 
 Newgate Communications           Lloyd / Tom Carnegie             6880 
                                                                  [phone] 
 4C Communications               Carina Corbett                    7973 
                                -------------------------------  ------------- 
 Canaccord Genuity (NOMAD        Henry Fitzgerald-O'Connor        [phone] 
  and Joint Broker)               / James Asensio                  8000 
                                -------------------------------  ------------- 
 BMO Capital Markets (Joint      Jeffrey Couch / Tom Rider        [phone] 
  Broker)                         / Michael Rechsteiner            1010 
                                -------------------------------  ------------- 
                                                                  [phone] 
 Peel Hunt LLP (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. 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 which is currently in the permitting stage. For further information, visit www.atalayamining.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 10, 2019 02:00 ET (06:00 GMT)