Director/PDMR Share Award
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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.
About Atalaya Mining Copper, S.A.
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
| 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 |
| a) | Name | Atalaya Mining Copper, S.A. |
| b) | LEI | 549300QNQPXVRXGXOX56 |
| 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) | Price(s) Volumes(s) Nil consideration 218,000 |
| d) | Aggregated information | Volume: 218,000 Price: 0 p |
| 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 | C é sar S á nchez |
| 2 | Reason for the notification | |
| a) | Position/status | PDMR |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Atalaya Mining Copper, S.A. |
| b) | LEI | 549300QNQPXVRXGXOX56 |
| 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) | Price(s) Volumes(s) Nil consideration 113,091 |
| d) | Aggregated information | Volume: 113,091 Price: 0 p |
| 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 |
| a) | Name | Atalaya Mining Copper, S.A. |
| b) | LEI | 549300QNQPXVRXGXOX56 |
| 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) | Price(s) Volumes(s) Nil consideration 112,431 |
| d) | Aggregated information | Volume: 112,431 Price: 0 p |
| e) | Date of the transaction | 23/04/2025 |
| f) | Place of the transaction | Outside of a trading venue |
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