REG - Atalaya MiningCopper - Statement Regarding Shareholder Consultation

Atalaya Mining Copper SAAnnouncement

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RNS Number : 1832M  Atalaya Mining Copper, S.A.  19 December 2025

 

19 December 2025

 

Atalaya Mining Copper, S.A.

("Atalaya" or the "Company")

Statement Regarding Shareholder Consultation

 

Atalaya Mining (LSE: ATYM) is providing this update following the outcome of
the Annual General Meeting on 24 June 2025 (the "2025 AGM") and in accordance
with the UK Corporate Governance Code.

At the 2025 AGM, all resolutions put to the meeting were successfully passed
with the requisite majority of votes, although the following four resolutions
received less than 80% shareholder support:

 Resolution 5a  re-election of Jesús Fernández                                        71.66%
 Resolution 6   approval of directors' remuneration report                            72.13%
 Resolution 8   approval of grant of awards pursuant to the long-term incentive plan  73.70%
 Resolution 9   approval of the grant of a one-off transitional award to the CEO.     71.13%

In respect of Resolution 5a (the re-election of Jesús Fernández as a
director), the Board is aware that the votes against were as a result of
concerns on Board meeting attendance. In this regard, Mr Fernández has
confirmed his commitment to meeting attendance expectations going forward.

In respect of Resolutions 6, 8 and 9, the reasons for the voting outcomes were
extensively discussed with major shareholders and shareholder representative
bodies during an engagement exercise carried out in the final quarter of
2024.  These included shareholder concerns regarding:

·      the Company's previous approach to long-term incentive provision
(i.e. the absence of performance conditions, length of vesting periods and
lack of a post-vesting holding period for the share option award made in June
2024) and;

·      the one-off 'transitional' share award ultimately granted to the
CEO in July 2025 which was intended to bridge the vesting gap between the
previous market value option approach and the Company's new long-term
incentive policy.

With these legacy issues now behind the Company, and with future incentive
awards being operated in line with the new Directors' Remuneration Policy,
which received 96.35% shareholder support at the 2025 AGM, the Board
anticipates an increase in shareholder support for remuneration-related
resolutions at future AGMs.

Notwithstanding the above, the Board has re-engaged with those shareholders
who participated in the Company's previous engagement exercise to ascertain
whether they are of the view that further consultation would be beneficial. No
shareholder has thus far responded indicating that they wish to have further
consultation.

Contacts:

 SEC Newgate UK  Clotilde Gros / George Esmond / Gwen Samuel  +44 20 3757 6882
 Atalaya Mining  Michael Rechsteiner                          +34 959 59 28 50

About Atalaya Mining Copper, S.A.

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 under the symbol "ATYM" and Atalaya is a FTSE 250
Index constituent.

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 Cobre San
Rafael S.L., which fully owns the Proyecto Touro 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
(http://www.atalayamining.com)

 

 

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