REG - Atalaya Mining PLC - Voluntary Delisting from the TSX

Atalaya MiningAnnouncement

20/02/2023 07:00

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RNS Number : 3606Q  Atalaya Mining PLC  20 February 2023

Atalaya Mining Plc

1 Lampousas Street

1095 Nicosia, Cyprus

Tel: +357 22442705

Fax: +357 22442708

www.atalayamining.com

 

20 February 2023

Atalaya Mining Plc.

("Atalaya" or "the Company")

Voluntary Delisting from the Toronto Stock Exchange

 

Atalaya Mining plc ("Atalaya" or the "Company") (AIM: ATYM; TSX: AYM)
announces that it has applied for a voluntary delisting of its ordinary shares
from the Toronto Stock Exchange (the "TSX") to be effective as of the closing
of trading on 7 March 2023. Ordinary shares in the Company will continue to
trade on the AIM market of the London Stock Exchange under the symbol "ATYM".

Over the past three years, daily trading activity in the Company's ordinary
shares on AIM has increased materially and, in the last twelve months, has
accounted for around 99% of the aggregate trading volume on both platforms. As
a result of the minimal trading volumes on the TSX, the Company believes that
the financial costs and administrative requirements associated with
maintaining the TSX listing are no longer justified.

Shareholder approval is not required for the delisting because the Company's
shares trade on AIM, which is an acceptable alternative market in accordance
with Section 720(b) of the TSX Company Manual.

Additional Information for Shareholders on the Canadian Register

Following the delisting from the TSX, Canadian shareholders wishing to trade
their shares on AIM will require that such shares are made eligible to be
transferred and settled though CREST, the United Kingdom ("UK") based share
transfer and settlement system. Shares cannot be transferred and settled
through CREST until a shareholder's CDS Participant broker or the shareholder,
if the shares are held in certificated form, as applicable, validly instructs
Computershare Trust Company of Canada ("Computershare") to arrange for the
shares to be held by a CREST participant broker. This can be done by
completing a 'Register Removal Request (Canadian Register to United Kingdom
Register) form, with valid CREST participant account details, and submitting
such form to Computershare via email at
globaltransactionteam@computershare.com.

For any questions on this process please contact Computershare's global
transaction unit by phone at +1 (877) 624-5999. The Company intends to
maintain CDS eligibility for its shares until 10 April, 2023 in order to
provide Canadian shareholders with time to complete the process contemplated
above.

The Company encourages shareholders holding shares in Canadian brokerage
accounts to contact their brokers to confirm how they may hold and trade in
Atalaya's shares either through the holding of a certificated share or UK
depositary interests.

Contacts:

 SEC Newgate UK             Elisabeth Cowell / Axaule Shukanayeva      + 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              +44 20 7418 8900

 (Joint Broker)

 

About Atalaya Mining Plc

Atalaya is an AIM and TSX-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 centralised 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)

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