30
May 2024
Atalaya Mining
Plc.
("Atalaya" or "the Company")
Chair Succession, Directorate
Change and Board Committee Updates
Atalaya Mining Plc (LSE: ATYM) is
pleased to announce several updates related to the composition of
its Board of Directors as part of the implementation of its
succession plans and Board Diversity Policy.
Chair Succession
Current Senior Independent Director,
Neil Gregson, will succeed Roger Davey as Chair of Atalaya Mining
Plc effective 1 July 2024, following the Company's 2024 Annual
General Meeting ("2024 AGM") on 27 June 2024.
Mr. Gregson was appointed as a
Non-Executive Director of the Company in February 2021 and as
Senior Independent Director in October 2023, providing him with a
strong understanding of Atalaya and its operations. He has over 30
years of experience investing in mining and oil and gas companies,
having served as Managing Director at J.P. Morgan Asset Management
from 2010 to 2020 and before that at Credit Suisse Asset
Management. Mr. Gregson has a BSc (Hons) Mining Engineering from
Nottingham University and previously held various positions at
mining companies, including a role as a mining investment analyst
at Gold Fields of South Africa.
Mr. Davey was appointed as a
Non-Executive Director of the Company in May 2010 and has served as
Chair since December 2014. In order to provide an adequate handover
period for Mr. Gregson in his new role, Mr. Davey will continue as
a Non-Executive Director of the Company until the end of 2024 after
which he will retire.
Senior Independent Director Appointment
Kate Harcourt will be
appointed Senior Independent Director of
the Company upon Mr. Gregson assuming his new role as
Chair.
Ms. Harcourt was appointed as a
Non-Executive Director of the Company in May 2022 and serves as
Chair of the Sustainability Committee. She is a sustainability
professional with over 30 years of experience, having worked with
numerous mining companies on permitting and project finance matters
and with financial institutions like the International Finance
Corporation. Ms. Harcourt has a BSc (Hons) in Natural Environmental
Science from Sheffield University and a MSc in Environmental
Technology (Pollution) from Imperial College.
New
Director Appointment
Carole Whittall has been appointed
as an Independent Non-Executive Director of the Company effective 3
June 2024.
Ms. Whittall is a senior executive
with over 25 years of experience in the natural resources sector
across a broad range of functions including management, finance and
M&A. She is currently CFO and Director of Yellow Cake plc,
where she was part of the founding management team and participated
in its IPO and subsequent capital raises. She is also a co-founder
of Mining Strategies Limited, a consultancy firm providing M&A
and transaction advisory services to the metals and mining
sector.
Previously, Ms. Whittall was Vice
President, Head of M&A at ArcelorMittal Mining and member of
the Mining Executive Team, responsible for global M&A,
including acquisitions, divestments, joint ventures and portfolio
company management and restructuring. She has a BSc (Hons) in
Geology from the University of Cape Town and a MBA from the London
Business School.
Additional Information on Carole Whittall
Current Directorships
|
Past Directorships
|
Yellow Cake plc
|
n/a
|
No further information is required
to be disclosed pursuant to the requirements of Listing Rule
9.6.13R.
Revised Board Committee Composition
As a result of the various changes
described above, the composition of the Company's board committees
will be as follows effective 1 July 2024:
· Audit
Committee
‒ Chair
Hussein Barma
‒ Members
Stephen Scott, Carole Whittall
· Nomination & Governance Committee
‒ Chair
Neil Gregson
‒ Members
Kate Harcourt, Stephen Scott
· Physical Risk Committee
‒ Chair
Stephen Scott
‒ Members
Roger Davey, Jesus Fernandez, Neil Gregson
· Sustainability Committee
‒ Chair
Kate Harcourt
‒ Members
Hussein Barma, Roger Davey
· Remuneration Committee
‒ Chair
Hussein Barma
‒ Members
Neil Gregson, Kate Harcourt, Stephen Scott
Roger Davey, Chair, commented:
"Over the 10 years that I have served as Chair at Atalaya
Mining I have seen the Company firmly establish itself as one of
Europe's leading copper producers. Recent highlights, such as the
move to the London Stock Exchange's Main Market, show how the
Company is well positioned for scale and continued growth, and as
such I see this as the ideal time to step down as Chair. I am
delighted the Board has chosen Neil Gregson to replace me. Neil has
significant industry experience and has already demonstrated his
strong leadership qualities through serving as the Senior
Independent Director. I am confident he is right person to guide
Atalaya through its next stage of growth."
Alberto Lavandeira, CEO, commented:
"I
would like to thank Roger Davey for his decade of service as
Atalaya Chair. Roger's deep industry knowledge and counsel have
played an important role in establishing Atalaya in the strong
position it is in today. Roger will be succeeded by Neil Gregson,
who originally joined the Atalaya Board as a Non-Executive Director
three years ago and brings over 30 years of financial and industry
knowledge. Neil embodies Atalaya's core principles of integrity,
honesty and ambition and will play a core role in the Company's
continued growth.
I
would also like to congratulate Carole Whittall on her appointment.
Carole's immense experience and expertise further strengthen
Atalaya's governance, M&A and financial credentials. Atalaya
firmly believes diversity is essential for growth and we are
pleased to be taking steps to ensure this in line with our
Sustainability Policy and best practice
commitments."
Listing Rules
This announcement has been made in
accordance with the requirements of Listing Rule
9.6.11R.
Contacts:
SEC Newgate UK
|
Elisabeth Cowell / Tom Carnegie /
Matthew Elliott
|
+44 20
3757 6882
|
Atalaya Mining
|
Michael Rechsteiner
|
+34 959 59
28 50
|
Canaccord Genuity
(Joint Broker)
|
James Asensio / George
Grainger
|
+44 20
7523 8000
|
BMO Capital Markets
(Joint Broker)
|
Tom Rider / Andrew
Cameron
|
+44 20
7236 1010
|
Peel Hunt LLP
(Joint Broker)
|
Ross Allister / David
McKeown
|
+44 20
7418 8900
|
About Atalaya Mining Plc
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 (Premium Segment) under the symbol
"ATYM".
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 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, please visit
www.atalayamining.com