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4 Jul 2008 17:04
Avocet Mining PLC ('Avocet' or the 'Company')
Share Incentive Plan
Directors' Shareholding
The Trustees of the Avocet Employee Share Incentive plan ("SIP") informed the Company today that it had released 20,000 ordinary shares of 5p each in the Company ('Shares') to the beneficial ownership of plan members of the SIP. These SIP Shares, having vested after a five year period, were allocated to employees of the Company as deferred share bonus awards in 2003. As a result of the releases, the Trustees of the SIP now hold a total of 33,799 Shares representing 0.03 per cent. of the Company's issued share capital.
Jonathan Henry, the Company's Chief Executive Officer, received 10,000 Shares from the SIP. This brings his holding to 801,470 Shares, representing 0.66 per cent. of the Company's issued share capital.
Contacts:
Alan McFarlane, Company Secretary, Avocet Mining PLC, 020 7907 9000
Richard Brown, Richard Greenfield, Ambrian Partners Limited, 020 7634 4700
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