Atalaya faces delay to main market move

Atalaya Mining updated the market on Thursday on its application for its shares to be admitted to the premium listing segment for trading on London’s main market.

The AIM-traded company first announced its intention on 13 November.

It said on Thursday that it was actively advancing its application process, but admission remained contingent on several conditions, including the approval of a prospectus by the Financial Conduct Authority.

Contrary to the original expectation of admission occurring by the end of December, Atalaya said it now expected that it would only take place after the release of its 2023 results.

As a result of the delay, Atalaya said its ordinary shares would continue to be traded on AIM.

It said it would provide additional updates regarding the application process and the timeline for admission.

At 1336 GMT, shares in Atalaya Mining were down 0.81% at 369p.

Reporting by Josh White for Sharecast.com.