Atalaya Mining PLC: Granting of share options
NICOSIA, CYPRUS--(Marketwired - Mar 2, 2017) - Atalaya Mining plc (AIM: ATYM) (TSX: AYM)
AIM: ATYM, TSX: AYM
2 March 2017
Atalaya Mining plc ("Atalaya" or the "Company")
Granting of share options
Atalaya (AIM: ATYM, TSX: AYM), the European mining and development company, announces that, in accordance with the Company's incentive share option program, it has granted 800,000 incentive share options to Persons Discharging Managerial Responsibilities ("PDMRs") and management. Such options have been granted pursuant to the resolutions passed by shareholders at the Company's 2016 Annual General Meeting ("AGM") and according to the provisions of the Company's Share Option Plan 2013. In addition, the Company has granted 100,000 share options to Cesar Sanchez, CFO of the Company, as part of his contractual entitlement on joining the Company in July 2016.
The share options expire five years from the date of grant (23 February 2017), have an exercise price of 144.0 pence per share, based on the minimum share price in the five days preceding the grant date and vest in three equal tranches - one third on grant, one third on the first anniversary of the original grant date and one third on the second anniversary of the original grant date.
The 900,000 share options have been allocated as per the table below.
| Name | Position | Number of incentive share options issued | Total beneficial holding (shares & options) following this notification | Total beneficial holding as % of Company's fully diluted issued share capital | ||||
| Alberto Lavandeira | CEO/Managing Director | 150,000 | 450,000 | 0.38% | ||||
| Julian Sanchez | COO | 95,000 | 195,000 | 0.16% | ||||
| Cesar Sanchez | CFO | 100,000 | 100,000 | 0.08% | ||||
| George Hadjineophytou | GFC and Company Secretary | 55,000 | 55,000 | 0.05% | ||||
| PDMR Total | 400,000 | |||||||
| Management | 500,000 | |||||||
| Total | 900,000 |
The Company now has an aggregate of 1,765,354 options and warrants on issue.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
Contacts:
| Atalaya Mining plc | Roger Davey / Alberto Lavandeira | +34 959 59 28 50 |
| Canaccord Genuity (NOMAD and Joint Broker) | Henry Fitzgerald-O'Connor / Martin Davison | +44 20 7523 8000 |
| BMO Capital Markets (Joint Broker) | Jeffrey Couch/Neil Haycock/Tom Rider | +44 20 7236 1010 |
This information is provided by RNS
The company news service from the London Stock Exchange
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