REG - Atalaya Mining PLC - Intention to Move from AIM to Main Market

Atalaya MiningAnnouncement

13/11/2023 07:00

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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                Ross Allister / David McKeown / Georgia Langoulant  +44 20 7418 8900

 (Sponsor and Joint Broker)
 Canaccord Genuity            Henry Fitzgerald-O'Connor / James Asensio           +44 20 7523 8000

 (NOMAD and Joint Broker)
 BMO Capital Markets          Tom Rider / Andrew Cameron                          +44 20 7236 1010

 (Joint Broker)
 SEC Newgate UK               Elisabeth Cowell / Tom 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
(http://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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