An anonymous director reports
ATALAYA MINING PLC ANNOUNCES GRANT OF SHARE OPTIONS AND PDMR SHAREHOLDING
In accordance with Atalaya Mining PLC's long-term incentive plan 2020 (LTIP20) which was approved by shareholders at the annual general meeting on June 25, 2020, it has granted 1,225,000 share options to persons discharging managerial responsibilities (PDMRs) and other employees.
The options expire on June 30, 2027, five years from the deemed date of grant (June 22, 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 attached table.
Following these options, the company has granted options over an aggregate of 3,543,500 ordinary shares.
About Atalaya Mining PLC
Atalaya is an Alternative Investment Market- and Toronto Stock Exchange-listed mining and development group which produces copper concentrates and silver byproduct at its wholly owned Proyecto Riotinto site in southwest Spain. Atalaya's current operations include the Cerro Colorado open-pit mine and a modern 15-million-tonne-per-annum processing plant, which has the potential to become a centralized processing hub for ore sourced from its wholly owned regional projects around Riotinto that include Proyecto Masa Valverde and Proyecto Riotinto East. In addition, the group has a phased, earn-in agreement for up to 80-per-cent ownership of Proyecto Touro, a brownfield copper project in the northwest of Spain.
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