AVM.L Regulatory News (AVM)

28 Sep 2006 07:01

Avocet Mining PLC28 September 2006 Avocet Mining PLC (the "Company") Directors shareholding The Company was informed today that Nigel McNair Scott, the Company's Chairman,has purchased 100,000 ordinary shares at a price of 91p per share. This bringshis holding to 6,100,000 ordinary shares, representing 5.02 per cent. of theissued share capital. Notification of interests - Employee Benefit Trust Maitland Trustees Limited as Trustee of the Avocet Mining Employee Benefit Trustinformed the Company today that it had purchased 300,000 ordinary shares at aprice of 91p per share and 700,000 ordinary shares at a price of 95p per share.As a result of the acquisition Maitland Trustees Limited as Trustee of theAvocet Mining Employee Benefit Trust now holds a total of 1,499,179 ordinaryshares, representing 1.23 per cent of the issued ordinary share capital of theCompany. Maitland Trustees Limited acts as the trustee for the Company's Employee BenefitTrust ("EBT"), a plan set up in order to reward employees for the performance ofthe Company on a long term basis and to enable the Company to continue toattract a high calibre of management and operational personnel. The directors ofthe Company are potential beneficiaries under the EBT and are deemed to beinterested in those shares held or dealt in by the EBT for the purposes ofsection 324 of the Companies Act 1985. Alan McFarlaneCompany Secretary28 September 2006 This information is provided by RNS The company news service from the London Stock Exchange