Atalaya Mining completes re-domiciliation to Spain; changes name
Atalaya Mining Copper SA on Friday said the re-domiciliation of the business to Seville, Spain from Cyprus has now completed.
The copper exploration company, formerly Atalaya Mining PLC, will now begin trading under the new name Atalaya Mining Copper SA.
The name change became retrospectively effective for Spanish corporate law purposes from December 27, when the firm filed a cross-border conversion deed with the Spanish Commercial Registry.
The nominal value of Atalaya’s shares has also changed to 9 euro cents per share, from 7.5 pence.
Holders of depositary interests, which are to be cancelled, will receive CREST depositary interest shares that will continue trading in GBP.
Atalaya owns regional mining projects around the Riotinto district in southern Spain. It also has an earn-in agreement for 80% of Cobre San Rafael SL, owner of northwest Spain’s Proyecto Tourou brownfield copper venture, and a 99.9% interest in Proyecto Ossa Morena.
Chief Executive Officer Alberto Lavandeira said: ‘We are delighted to have completed this re-domiciliation process, which follows our move to the Main Market. Combined, these initiatives open the possibility for Atalaya to be included in the FTSE UK Index Series, and support our commitment to expanding our investor base and fulfilling our ambition to become a multi-asset copper producer with a portfolio of sustainable, scalable and low-risk operations.’
Shares in Atalaya were up 1.1% at 376.00 pence each in London on Friday morning.
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