TIDMATYM
RNS Number : 1576T
Atalaya Mining PLC
13 November 2023
THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES
NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY,
SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN ATALAYA MINING PLC IN
ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE
UNLAWFUL.
13 November 2023
Atalaya Mining Plc.
("Atalaya" or "the Company")
Intention to Move from AIM to Main Market
Premium listing expected to broaden appeal to new institutional
investors
Atalaya Mining Plc (AIM: ATYM) is pleased to announce its
intention to apply for the Company's ordinary shares ("Ordinary
Shares") to be admitted to the premium listing segment of the
Official List maintained by the Financial Conduct Authority ("FCA")
("Official List") and to trading on the London Stock Exchange plc's
("London Stock Exchange") main market for listed securities ("Main
Market") (together, "Admission").
Since restarting operations at Proyecto Riotinto in 2016,
Atalaya has become a leading European producer of copper, which is
a key commodity for economic growth and the energy transition.
Atalaya has assembled a portfolio of growth projects across several
world-class mineral districts in Spain and maintains a sustainable
dividend policy. In order to build on this success, Atalaya's Board
of Directors believes that the move to the Main Market would
further enhance the Company's corporate profile and broaden its
appeal to new institutional investors.
Atalaya does not intend to raise any funds or offer any new
securities in connection with Admission or the publication of the
related prospectus. The Admission will be effected through an
introduction of the Company's existing Ordinary Shares.
Admission is subject to the approval by the FCA of a prospectus
and the Ordinary Shares being admitted by the FCA to the premium
listing segment of the Official List and by the London Stock
Exchange to trading on the Main Market. Subject to the satisfaction
of these conditions, Admission is expected to occur before the end
of December 2023. Accordingly, the Company hereby gives notice of
the intended cancellation of trading of its Ordinary Shares on AIM
in accordance with Rule 41 of the AIM Rules for Companies. The
Company's listing on AIM is expected to be to be cancelled before
the end of December 2023.
Atalaya will make a further announcement on the status of the
proposed applications for Admission, together with the timeline for
Admission, in due course.
Admission is not expected to be conditional upon shareholder
approval. Atalaya shareholders should consult their own
professional advisors regarding the consequences of Admission on
their personal tax position.
Peel Hunt LLP is acting exclusively as sponsor to the Company
and no one else in connection with Admission.
Alberto Lavandeira, CEO of Atalaya, commented:
"In the last eight years we have established Atalaya as one of
Europe's leading copper producers, achieving scale, growth and
consistency. At the same time, copper has become widely regarded as
a strategic metal due to its important role in the energy
transition.
We are committed to building upon the significant growth we have
achieved to date and our intention to seek admission to the premium
listing segment of the Official List reflects our confidence in our
future prospects, our expanding investor base and our ambition to
become a multi-asset producer with a portfolio of sustainable,
scalable and low-risk operations."
Contacts:
Peel Hunt LLP
(Sponsor and Joint Ross Allister / David McKeown
Broker) / Georgia Langoulant +44 20 7418 8900
Canaccord Genuity
(NOMAD and Joint Henry Fitzgerald-O'Connor
Broker) / James Asensio +44 20 7523 8000
------------------------------- ------------------
BMO Capital Markets
(Joint Broker) Tom Rider / Andrew Cameron +44 20 7236 1010
------------------------------- ------------------
Elisabeth Cowell / Tom
SEC Newgate UK Carnegie / Matthew Elliott + 44 20 3757 6882
------------------------------- ------------------
4C Communications Carina Corbett +44 20 3170 7973
------------------------------- ------------------
About Atalaya Mining Plc
Atalaya is an AIM-listed mining and development group which
produces copper concentrates and silver by-product 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
Mtpa processing plant, which has the potential to become a central
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% ownership of Proyecto Touro, a brownfield
copper project in the northwest of Spain, as well as a 99.9%
interest in Proyecto Ossa Morena. For further information, visit
www.atalayamining.com
Important Notice
This announcement contains statements that are, or may be deemed
to be, "forward-looking statements". These forward-looking
statements can be identified by the use of words such as "will",
"expect", "could", "believe", "intend", "should" and words of
similar meaning. All statements other than statements of historical
facts included in this announcement, including those regarding the
Company's strategy, plans and objectives and the anticipated
Admission are forward-looking statements. Readers are cautioned not
to place undue reliance on such statements. Forward-looking
statements involve a number of known and unknown risks,
uncertainties and other factors, many of which are difficult to
predict and generally beyond the control of Atalaya. These
forward-looking statements speak only as of the date of this
announcement. Atalaya expressly disclaims any obligation or
undertaking to update or revise any forward-looking statement
(except to the extent legally required).
Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated
in the United Kingdom by the FCA, is acting exclusively for the
Company as Sponsor and no one else in connection with Admission and
it will not regard any other person as a client in relation to
Admission and will not be responsible to anyone other than the
Company for providing the protections afforded to its clients or
for providing advice in relation to Admission or any other
transaction, matter, or arrangement referred to in this
announcement.
This announcement has been issued by, and is the sole
responsibility of, the Company. No representation or warranty,
express or implied, is or will be made as to, or in relation to,
and no responsibility or liability is or will be accepted by Peel
Hunt or by any of its affiliates, partners, directors, officers,
employees, advisers or agents as to or in relation to, the accuracy
or completeness of this announcement or any other written or oral
information made available to or publicly available to any
interested party or its advisers, and any liability therefore is
expressly disclaimed.
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END
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