LONDON - Atalaya Mining Plc (LSE: ATYM), a European copper producer, has granted 150,000 share options to an employee as part of its Long Term Incentive Plan 2020 (LTIP2020), which was ratified by shareholders on June 25, 2020. The options, issued under the company's incentive scheme, carry an exercise price of 333.50 pence per ordinary share, aligning with the closing price on the deemed date of grant, December 22, 2024.
The options are set to expire on December 21, 2029, and are structured to vest in three equal parts: one-third upon the grant, with the remaining portions vesting on the first and second anniversaries of the grant date. Following this grant, Atalaya now has options outstanding over an aggregate of 5,423,666 ordinary shares.
Atalaya operates the Proyecto Riotinto complex in southwest Spain and is listed on the London Stock Exchange (LON:LSEG)'s Main Market. The company's facilities include the Cerro Colorado open pit mine and a modern processing plant with a capacity of 15 million tonnes per annum. Atalaya is also engaged in regional projects such as Proyecto Masa Valverde and Proyecto Riotinto East, and holds a phased earn-in agreement for up to 80% ownership of Cobre San Rafael S.L., which owns the Proyecto Touro copper project, as well as a 99.9% interest in Proyecto Ossa Morena.
This move is part of Atalaya's ongoing efforts to incentivize and retain key personnel within the organization. The information regarding the grant of share options is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange.
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