Grant of Conditional Share Awards
Conditional share awards granted to CEO, CFO and other employees under LTIP 2020.
- Maximum shares awarded to CEO 100,513
- Maximum shares awarded to CFO 54,750
- Maximum shares awarded to other employees 152,141
- Grant price per share 787.45p
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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 (the "2020 LTIP").
Pursuant to these awards, participants who are Persons Discharging Managerial Responsibilities ("PDMRs") 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 2025 Annual Report, the Company confirms that the vesting of the conditional share awards to the Chief Executive Officer will depend on the achievement of certain performance conditions, full details of which can be found in the 2025 Directors' Remuneration Report.
The vesting date for the conditional share awards to PDMRs 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.
In addition, conditional share awards have been made to employees who are not PDMRs. Pursuant to these awards, participants will receive an allocation of shares on grant equal to one third of the maximum number of shares comprised in the award immediately following the Company's 2026 Annual General Shareholders' Meeting. Participants may receive two further allocations of shares (up to one third each on the first and second anniversaries of grant) subject to the achievement of an underpin condition on each anniversary related to performance of the Company and performance of the individual employee.
The conditional share awards are as follows:
| Name | Role | Maximum № of Shares |
|---|---|---|
| Alberto Lavandeira | Chief Executive Officer Director | 100,513 |
| César Sánchez | Chief Financial Officer PDMR | 54,750 |
| Other employees | 152,141 |
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 787.45 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.
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 the Proyecto Touro 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 Ad á n |
| 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 100,513 |
| d) | Aggregated information | Volume: 100,513 Price: 0 p |
| e) | Date of the transaction | 24/04/2026 |
| 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 Fern á ndez |
| 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 award pursuant to a The Atalaya Mining Long-Term Incentive Plan 2020 |
| c) | Price(s) and volume(s) | Price(s) Volumes(s) Nil consideration 54,750 |
| d) | Aggregated information | Volume: 54,750 Price: 0 p |
| e) | Date of the transaction | 24/04/2026 |
| f) | Place of the transaction | Outside of a trading venue |
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