Atalaya Mining PLC Proposed Re-domiciliation and Notice of EGM (3019T)
14 Novembre 2023 - 8:00AM
UK Regulatory
TIDMATYM
RNS Number : 3019T
Atalaya Mining PLC
14 November 2023
14 November 2023
Atalaya Mining Plc.
("Atalaya" or "the Company")
Proposed Re-domiciliation and Notice of Extraordinary General
Meeting
Atalaya Mining Plc (AIM: ATYM) is pleased to announce its
intention to re-domicile the Company by transferring its registered
office from the Republic of Cyprus to the Kingdom of Spain
("Proposed Re-domiciliation").
This change in corporate structure is subject to shareholder
approval and regulatory consents. The Company is convening an
Extraordinary General Meeting ("EGM") to consider and, if thought
advisable, to approve the resolutions which are necessary to
approve the Proposed Re-domiciliation. If approved, the Proposed
Re-domiciliation is expected to be completed before end of May
2024.
Rationale for the Proposed Re-domiciliation
The re-domiciliation is being proposed as the incorporation in
Cyprus no longer reflects the Company's geographic and strategic
focus, and therefore represents a legacy structure for the
Company.
The Proposed Re-domiciliation follows the Company's announcement
on 13 November 2023 confirming its intention to move to the Main
Market of the London Stock Exchange ("Step-up"). In the event the
Step-up occurs, the Proposed Re-domiciliation also opens the
possibility for the Company to be eligible for inclusion in the
FTSE UK Index Series (subject to other eligibility criteria being
satisfied at the time of application), which the Company believes
would be in the interest of all its shareholders.
The proposed Re-domiciliation and the Step-up are independent of
each other, and neither is conditional upon the other
occurring.
Notice of EGM
The Company will host an EGM on Tuesday, 12 December 2023 at
11:00 am GMT at Hamilton House, 1 Temple Avenue, London EC4Y 0HA to
consider the Proposed Re-domiciliation and related matters as a
consequence of the Proposed Re-domiciliation.
A circular, incorporating the Notice of EGM and further
background and information on the Proposed Re-domiciliation,
together with forms of proxy are available on the Company's website
at www.atalayamining.com .
Shareholders on register on 14 November 2023 are eligible to
attend the meeting and vote at the EGM and should refer to the
voting instructions set out in the Notice of EGM.
Expected Timetable
Circular posted to Shareholders 14 November 2023
Latest time and date for receipt of CREST 5:00pm GMT
Voting Instructions 6 December 2023
------------------
Latest time and date for receipt of Forms 5:00pm GMT
of Instruction 6 December 2023
------------------
Latest time and date for receipt of Forms 5:00pm GMT
of Proxy 7 December 2023
------------------
Extraordinary General Meeting 11:00am GMT
12 December 2023
------------------
Tentative Effective Date of the Re-domiciliation End of May 2024
(1)
------------------
(1) The Effective Date of the Re-domiciliation will be announced
to a regulatory information service following receipt of all
required approvals.
If the Proposed Re-domiciliation is approved by shareholders and
subsequently implemented:
-- Atalaya's corporate seat and registered office will be
transferred from the Republic of Cyprus to the Kingdom of
Spain;
-- Atalaya will no longer be governed by the laws of the Republic of Cyprus;
-- Atalaya will continue to exist as a legal entity governed by Spanish law; and
-- Atalaya Mining plc's name will change to Atalaya Mining Copper, S.A.
Alberto Lavandeira, CEO of Atalaya, commented:
" The decision to re-domicile is consistent with our strategic
focus on broadening our shareholder base and creating further
shareholder value. We believe this move, along with our intention
to move to the Main Market of the London Stock Exchange, position
the Company for continued growth at a time when investor interest
in copper and the related energy transition thematic continues to
accelerate . "
Contacts:
Elisabeth Cowell / Tom
SEC Newgate UK Carnegie / Matthew Elliott + 44 20 3757 6882
4C Communications Carina Corbett +44 20 3170 7973
------------------------------- ------------------
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
------------------------------- ------------------
Peel Hunt LLP Ross Allister / David McKeown
(Joint Broker) / Georgia Langoulant +44 20 7418 8900
------------------------------- ------------------
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, the Proposed
Re-domiciliation, the possibility of inclusion in the FTSE UK Index
Series and the intended Step-up 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).
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END
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