20
December 2024
Atalaya Mining
Plc.
("Atalaya" or "the Company")
Statement Regarding
Shareholder Consultation
Atalaya Mining Plc (LSE: ATYM) is
providing this update, in accordance with the UK Corporate
Governance Code, following the outcome of the Annual General
Meeting ("AGM") on 27 June 2024 (the "AGM").
At the AGM, all resolutions were
successfully passed with the requisite majority of votes, although
the following three resolutions (together the "Resolutions")
received less than 80% shareholder support:
· Resolution 12 (to approve the Directors' Remuneration Report)
was approved by 72% of votes cast;
· Resolution 13 (to approve the Directors' Remuneration Policy)
was approved by 67% of votes cast; and
· Resolution 14 (to authorise the directors to grant awards
under the Atalaya Mining Plc Long-Term Incentive Plan 2020) was
approved by 76% of votes cast.
Feedback received from shareholders
and the main shareholder representatives at the time of the AGM was
largely centred around a desire for greater levels of disclosure in
respect of annual and long-term incentives (such as quantum,
performance metrics, and targets) and a requirement for greater
shareholder protections (such as the operation of bonus deferral,
post vesting holding periods, and in- and post-employment
shareholding requirements) (the "AGM Feedback").
Following consideration of the AGM
Feedback, the Remuneration Committee (the "Committee") formulated
the outline of a new Directors' Remuneration Policy and sought
engagement on the proposed approach with the Company's 30 largest
shareholders (comprising more than 78% of the Company's current
issued share capital) and the main shareholder
representatives.
During the engagement process, the
Committee received written feedback and the Committee Chair and
Company Chair attended a number of meetings with major
shareholders. The Committee is grateful to those shareholders who
engaged with the process and thanks them for their time and for the
feedback received.
The Committee will reflect on the
feedback received when formulating the new Directors' Remuneration
Policy to put to shareholders at the Company's 2025 Annual General
Meeting.
The Company will continue to engage
with shareholders and main shareholder representatives on
remuneration related matters and will address feedback provided by
shareholders through narrative disclosures in the 2024 Directors'
Remuneration Report.
Contacts:
|
SEC Newgate UK
|
Elisabeth Cowell / Tom Carnegie /
Matthew Elliott
|
+44 20
3757 6882
|
|
Atalaya Mining
|
Michael Rechsteiner
|
+34 959 59
28 50
|
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 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 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
