Business
Statement Regarding Shareholder Consultation
Atalaya Mining Copper, S.A. is providing an update following its Annual General Meeting on 24 June 2025, noting that while all resolutions passed, four received less than 80% shareholder support: the re-election of Jesús Fernández (71.66%), approval of the directors' remuneration report (72.13%), approval of long-term incentive plan awards (73.70%), and approval of a one-off transitional award to the CEO (71.13%). The company has addressed shareholder concerns regarding past incentive structures and the CEO's award, and anticipates improved support for future remuneration resolutions, especially given the new Directors' Remuneration Policy received 96.35% approval. No shareholders have requested further consultation on these matters. Disclaimer*
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n\n \n19 December 2025\n \nAtalaya Mining Copper, S.A.\n(\"Atalaya\" or the \"Company\")\nStatement Regarding Shareholder Consultation\n \nAtalaya 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.\nAt 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:\n\n\n\n\nResolution 5a\n\n\nre-election of Jesús Fernández\n\n\n71.66%\n\n\n\n\nResolution 6\n\n\napproval of directors' remuneration report\n\n\n72.13%\n\n\n\n\nResolution 8\n\n\napproval of grant of awards pursuant to the long-term incentive plan\n\n\n73.70%\n\n\n\n\nResolution 9\n\n\napproval of the grant of a one-off transitional award to the CEO.\n\n\n71.13%\n\n\n\n\nIn 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.\nIn 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:\n· 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;\n· 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. \nWith 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.\nNot...