REG - Atalaya Mining PLC - Proposed Re-domiciliation and Notice of EGM

Atalaya MiningAnnouncement

14/11/2023 07:15

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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
(http://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 Voting Instructions  5:00pm GMT

                                                                6 December 2023
 Latest time and date for receipt of Forms of Instruction       5:00pm GMT

                                                                6 December 2023
 Latest time and date for receipt of Forms of Proxy             5:00pm GMT

                                                                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:

 SEC Newgate UK             Elisabeth Cowell / Tom Carnegie / Matthew Elliott   + 44 20 3757 6882
 4C Communications          Carina Corbett                                      +44 20 3170 7973
 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)
 Peel Hunt LLP              Ross Allister / David McKeown / Georgia Langoulant  +44 20 7418 8900

 (Joint Broker)

 

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, 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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