Grant of Share Options and Director/PDMR Notification

24 June, 2022

Atalaya Mining Plc (AIM: ATYM; TSX: AYM) announces that in accordance with the Company’s Long Term Incentive Plan 2020 (the “LTIP20”) which was approved by shareholders at the Annual General Meeting on 25 June 2020, it has granted 1,225,000 share options (the “Options”) to Persons Discharging Managerial Responsibilities (“PDMRs”) and other employees.

The Options expire on 30 June 2027, five years from the deemed date of grant (22 June 2022), have an exercise price of 357.50 pence per ordinary share, being the last mid-market closing price on the grant date, and vest in three equal tranches, one third on grant and the balance equally on the first and second anniversary of the grant date.

The 1,225,000 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 400,000 1,800,000 430,000 1.55%
Enrique Delgado General Manager – Operations 200,000 400,000 300,000 0.49%
César Sánchez CFO 200,000 300,000 350,000 0.45%
  Total 800,000 2,500,000 1,080,000 2.50%
Other Employees 425,000 1,043,500
  Total 1,225,000 3,543,500

 

Following these Options, the Company has granted options over an aggregate of 3,543,500 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
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: 357.5p

Volume: 400,000 share options

d) Aggregated information

 

GBP 1,430,000.00
e) Date of the transaction 22 June 2022
f) Place of the transaction Outside 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 General Manager of Operation
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: 357.5p

Volume: 200,000 share options

d) Aggregated information

 

GBP 715,000.00
e) Date of the transaction 22 June 2022
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: 357.5p

Volume: 200,000 share options

d) Aggregated information

 

GBP 715,000.00
e) Date of the transaction 22 June 2022
f) Place of the transaction Outside a trading venue