Director share purchase, granting of share options and Director/PDMR Shareholding

30 May, 2019

Atalaya Mining Plc (AIM: ATYM; TSX: AYM), the European mining and development company, announces that it was notified on 29 May 2019, that Alberto Lavandeira, Chief Executive Officer and Managing Director of the Company, purchased 50,000 ordinary shares in Atalaya at an average price of 206.5 pence per share.

In addition, the Company announces that, in accordance with the Company’s approved Share Option Plan 2013 (the “Option Plan”), it has granted 1,500,000 share options (the “Options”) to Persons Discharging Managerial Responsibilities (“PDMRs”) and management.

The Options expire five years from the date of grant (29 May 2019), have an exercise price of 201.5 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 1,500,000 share options have been allocated as per the table below:

Name Position Number of share options granted Total number of share options following this notification Total beneficial holding of shares following this notification Total beneficial holding (options + ordinary shares) as % of Company’s fully diluted issued share capital
Alberto Lavandeira CEO/Managing Director 600,000 750,000 210,000 0.69%
Julian Sánchez COO 400,000 595,000 0.43%
César Sánchez CFO 250,000 350,000 0.25%
  Total 1,250,000 1,695,000 210,000 1.36%
Other Management 250,000 718,000
  Total 1,500,000 2,413,000

Following these grants, the Company has granted options over an aggregate of 2,413,000 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 Alberto Lavandeira
2 Reason for the notification
a) Position/status CEO and Managing Director
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 instrument, type of instrument

Identification code

Share purchase

 CY0106002112

b) Nature of the transaction Share purchase
c) Price(s) and volume(s) Price: £2.065

Volume: 50,000 shares

d) Aggregated information Price: £2.065

Volume: 50,000 shares

e) Date of the transaction 29 May 2019
f) Place of the transaction London Stock Exchange

 

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 instrument, type of instrument

Identification code

Share options

CY0106002112

b) Nature of the transaction Share options grant
c) Price(s) and volume(s) Price: £2.015

Volume: 600,000 share options

d) Aggregated information Price: £2.015

Volume: 600,000 share options

e) Date of the transaction 29 May 2019
f) Place of the transaction Outside a trading venue

 

1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Julian Sanchez
2 Reason for the notification
a) Position/status COO
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 instrument, type of instrument

Identification code

Share options

 CY0106002112

b) Nature of the transaction Share options grant
c) Price(s) and volume(s) Price: £2.015

Volume: 400,000 share options

d) Aggregated information Price: £2.015

Volume: 400,000 share options

e) Date of the transaction 29 May 2019
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 instrument, type of instrument

Identification code

Share options

 CY0106002112

b) Nature of the transaction Share options grant
c) Price(s) and volume(s) Price: £2.015

Volume: 250,000 share options

d) Aggregated information Price: £2.015

Volume: 250,000 share options

e) Date of the transaction 29 May 2019
f) Place of the transaction Outside a trading venue

 

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

 Download the announcement here.

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:

Newgate Communications Elisabeth Cowell / Adam Lloyd / Tom Carnegie + 44 20 3757 6880
4C Communications Carina Corbett +44 20 3170 7973
Canaccord Genuity (NOMAD and Joint Broker) Henry Fitzgerald-O’Connor / James Asensio +44 20 7523 8000
BMO Capital Markets (Joint Broker) Jeffrey Couch / Tom Rider / Michael Rechsteiner +44 20 7236 1010