Grant of Conditional Share Awards
Summary by AI BETAClose X
28 April 2026
Atalaya Mining Copper, S.A.
("Atalaya" or "the Company")
Grant of Conditional Share Awards and PDMR Notification
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.
Contacts:
|
SEC Newgate UK |
Clotilde Gros / George Esmond / Gwen Samuel |
+44 20 3757 6882 |
|
Atalaya Mining |
Michael Rechsteiner |
+34 959 59 28 50 |
About Atalaya Mining Copper, S.A.
Atalaya is a European copper producer that owns and operates the Proyecto Riotinto complex in southwest Spain. Atalaya's shares trade on the London Stock Exchange's Main Market under the symbol "ATYM" and Atalaya is a FTSE 250 Index constituent.
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 Adán |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Executive Officer |
||||
|
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 Copper, S.A. |
||||
|
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 |
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)
|
|
||||
|
d) |
Aggregated information |
Volume: 100,513 Price: 0p
|
||||
|
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 |
César Sánchez Fernández |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR |
||||
|
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 Copper, S.A. |
||||
|
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 |
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)
|
|
||||
|
d) |
Aggregated information |
Volume: 54,750 Price: 0p
|
||||
|
e) |
Date of the transaction |
24/04/2026
|
||||
|
f) |
Place of the transaction |
Outside of a trading venue |
||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 14 minutes ago AVI Global Trust
- 25 minutes ago LSL Property Services
- 28 minutes ago Bluebird Merchant Ventures (DI)
- 39 minutes ago Power Probe PLC
- 39 minutes ago Origin Enterprises (CDI)