SOURCE: Atalaya Mining PLC
March 02, 2017 02:00 ET
NICOSIA, CYPRUS--(Marketwired - Mar 2, 2017) - Atalaya Mining PLC (AIM: ATYM) (TSX: AYM)
AIM: ATYM, TSX: AYM
2 March 2017
Atalaya Mining plc ("Atalaya" or the "Company")
Granting of share options
Atalaya (AIM: ATYM, TSX: AYM), the European mining and development company, announces that, in accordance with the Company's incentive share option program, it has granted 800,000 incentive share options to Persons Discharging Managerial Responsibilities ("PDMRs") and management. Such options have been granted pursuant to the resolutions passed by shareholders at the Company's 2016 Annual General Meeting ("AGM") and according to the provisions of the Company's Share Option Plan 2013. In addition, the Company has granted 100,000 share options to Cesar Sanchez, CFO of the Company, as part of his contractual entitlement on joining the Company in July 2016.
The share options expire five years from the date of grant (23 February 2017), have an exercise price of 144.0 pence per share, based on the minimum share price in the five days preceding the grant date and vest in three equal tranches - one third on grant, one third on the first anniversary of the original grant date and one third on the second anniversary of the original grant date.
The 900,000 share options have been allocated as per the table below.
The Company now has an aggregate of 1,765,354 options and warrants on issue.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
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