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Atalaya Mining Copper, S.A. announced on April 24, 2025, the grant of conditional share awards on April 23, 2025, under its Long-Term Incentive Plan 2020. These awards, granted with no consideration at a share price of 358.60 pence for award purposes, allocated a maximum of 218,000 shares to CEO Alberto Lavandeira, 113,091 shares to CFO César Sánchez, and 112,431 shares to PDMR Enrique Delgado.
| Date | 24 Apr 2025 |
| Time | 07:00:12 |
| Category | Director/PDMR dealings |
| ID | 9281F |
24 April 2025
Atalaya Mining Copper, S.A.
("Atalaya" or "the Company")
Director/PDMR Share Award
Atalaya Mining (LSE: ATYM) announces that the following conditional share awards have been granted pursuant to the Atalaya Mining Long-Term Incentive Plan 2020. Pursuant to these awards, a participant may receive an allocation of shares following the normal vesting date, subject to the extent to which the applicable performance conditions have been satisfied at the end of the three-year performance period and their continuing employment at that time.
As indicated in the Company's 2024 Annual Report, the Company confirms that the vesting of the LTIP awards will depend on the achievement of certain performance conditions, full details of which can be found on page 99.
The vesting date will be the later of the third anniversary of the award date and the day following the end of the performance period on which the performance conditions have been assessed and notified to the participant. Any vested shares will be subject to a holding period of two years from the vesting date and subject to customary malus and clawback events.
The conditional share awards to Persons Discharging Managerial Responsibilities ("PDMR") are as follows:
|
Name |
Role |
Maximum № of Shares |
|
Alberto Lavandeira |
Chief Executive Officer Director |
218,000 |
|
César Sánchez |
Chief Financial Officer PDMR |
113,091 |
|
Enrique Delgado |
General Manager Riotinto PDMR |
112,431 |
No consideration was paid for the grant of the awards. For the purposes of these awards, the grant was made at a share price of 358.60 pence.
Further details are set out in the notification in the appendix, made in accordance with the requirements of the EU Market Abuse Regulation (EU) № 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.
Contacts:
|
SEC Newgate UK |
Elisabeth Cowell / Tom Carnegie / Gwen Samuel |
+44 20 3757 6882 |
|
Atalaya Mining |
Michael Rechsteiner |
+34 959 59 28 50 |
About Atalaya Mining Copper, S.A.
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 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 Cobre San Rafael S.L., which fully owns 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.
Appendix
Notification and public disclosure of transactions of persons discharging managerial responsibilities and persons closely associated with them:
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Alberto Lavandeira |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Executive Officer |
||||
|
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 Copper, S.A. |
||||
|
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 |
Ordinary Shares of €0.09 each nominal value CY0106002112 |
||||
|
b) |
Nature of the transaction |
Grant of conditional share awards pursuant to a The Atalaya Mining Long-Term Incentive Plan 2020
|
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information |
Volume: 218,000 Price: 0p
|
||||
|
e) |
Date of the transaction |
23/04/2025
|
||||
|
f) |
Place of the transaction |
Outside of a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
César Sánchez |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR |
||||
|
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 Copper, S.A. |
||||
|
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 |
Ordinary Shares of €0.09 each nominal value CY0106002112 |
||||
|
b) |
Nature of the transaction |
Grant of conditional share awards pursuant to a The Atalaya Mining Long-Term Incentive Plan 2020
|
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information |
Volume: 113,091 Price: 0p
|
||||
|
e) |
Date of the transaction |
23/04/2025
|
||||
|
f) |
Place of the transaction |
Outside of 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 |
PDMR |
||||
|
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 Copper, S.A. |
||||
|
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 |
Ordinary Shares of €0.09 each nominal value CY0106002112 |
||||
|
b) |
Nature of the transaction |
Grant of conditional share awards pursuant to a The Atalaya Mining Long-Term Incentive Plan 2020
|
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information |
Volume: 112,431 Price: 0p
|
||||
|
e) |
Date of the transaction |
23/04/2025
|
||||
|
f) |
Place of the transaction |
Outside of a trading venue |
||||