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Other Information
Description of business
Atalaya Mining Plc is a European copper producer with operations in Spain.
Atalaya is focused on the sustainable production of copper and other critical metals that support modern economies and the energy transition.
The company’s flagship assets are located in the Riotinto District in southwest Spain and 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 Atalaya’s portfolio of growth projects in the region including 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, and a 99.9% interest in Proyecto Ossa Morena, which consists of a package of exploration permits in southwest Spain.
Country of incorporation
Cyprus. On 12 December 2023, the Shareholders of Atalaya Mining plc approved the re-domiciliation to Spain.
Proposed Re-domiciliation and Notice of Extraordinary General Meeting
Main country of operation
Spain.
Current constitutional documents
Details of any other exchanges or trading platforms
Main Market of the London Stock Exchange (Premium Segment)
The number of securities in issue
The percentage of securities that is not in public hands together with the identity and percentage holdings of its significant shareholders
Details of any restrictions on the transfer of its securities
Financial reports
All notifications the company has made in the past 12 months
Most recent admission document together with any circulars or similar publications
Corporate governance code
Names of directors and biographical details
Directors’ responsibility and board committees
Rights of shareholders
Since Atalaya Mining is incorporated in Cyprus, the rights of its shareholders may be different from the rights of shareholders in a UK incorporated company.
UK City Code on Takeovers and Mergers
As there are no provisions in Cyprus law or practice applicable to Atalaya Mining equivalent to the UK City Code on Takeovers and Mergers (the “City Code”), which prevent persons acquiring 30% or more of the voting rights in a company without making a general offer on the same terms to all shareholders (as set out in Rule 9 of the City Code), such provisions have been included in Atalaya Mining’s Articles of Association. In order to afford shareholders equivalent protection to that offered by the City Code, Atalaya Mining’s Articles of Association prohibit a person, and those acting in concert with him, from acquiring 20% or more of the voting rights, or from increasing their holding if it is above 20% and under 50%, unless either the Board consents to the acquisition, or the procedure set out in Rule 9 of the UK City Code is followed. Atalaya Mining’s Articles of Association give the Board full power inter alia to require a shareholder to provide any appropriate information, make such determinations as it sees fit, determine that voting rights on any shares held in breach of the Articles of Association (“Excess Shares”) be suspended, and act as the Member’s attorney in selling such Excess Shares. Cyprus law contains no provisions applicable to Atalaya Mining equivalent to the UK law requirement on shareholders to disclose their level of holding in shares in a company once the Board has served a disclosure notice on them. Atalaya Mining’s Articles of Association (regulations 35 to 41) give the Board the ability to serve such a notice, and in default of compliance, a defaulting Shareholder can have his right to dividends suspended, and his shares may not be transferred until the requested information has been obtained.
Key advisors
Date of last update of information
22nd February 2024