22 Nov 2011 11:45
Avocet Mining PLC ('Avocet' or 'The Company')
Share Awards to Employees
The Company announces that on 17 November 2011 it awarded 10,747 Treasury Shares to Brett Richards in respect of his contribution to the disposal of South East Asian assets, including the receipt of further proceeds as announced on 4 October 2011.
In addition, the Company announces that on 17 November 2011 Jim Wynn, a Person Discharging Managerial Responsibility ('PDMR'), has exercised 25,000 options with an exercise price of 59.75 pence. The options were settled through Treasury Shares.
Share Dealing by PDMR / Primary Insider
The Company announces that on 21 November 2011, Brett Richards (a person discharging managerial responsibility) bought 25,000 shares in the Company at a price of 220.0 pence.
As a result of the above transactions, interests in shares held by the following directors and senior managers (primary insiders), either directly, through connected persons (eg family members), or within the EBT or Avocet Shareholder Incentive Plan (SIP) will be as follows:
Shares owned | Restricted shares held in EBT/SIP | Share options | |||||
Unrestricted | Restricted | Total | EBT | SIP | Total | ||
B Richards | 702,939 | 69,363 | 772,302 | - | - | - | 934,838 |
M Norris | 430,783 | 57,802 | 488,585 | - | 1,951 | 1,951 | 1,250,000 |
R Edey | - | - | - | 91,500 | - | 91,500 | - |
R Pilkington | 222,763 | - | 222,763 | - | - | - | - |
M Donoghue | 38,029 | - | 38,029 | - | - | - | - |
H Arnet | 74,495 | - | 74,495 | - | - | - | - |
B Rourke | - | - | - | - | - | - | - |
R Gray | 521,109 | 521,109 | - | - | - | 300,000 | |
P Flindell | 560,099 | 39,835 | 599,934 | - | - | - | 700,000 |
J Wynn | 30,368 | - | 30,368 | 31,346 | 2,367 | 33,713 | 140,000 |
2,580,585 | 167,000 | 2,747,585 | 122,846 | 4,318 | 127,164 | 3,324,838 | |
The Company now holds 652,965 Ordinary Shares in treasury representing less than 0.3 per cent of the total ordinary shares in issue. The total number of voting rights (being ordinary shares in issue less those held in treasury) amounts to 198,893,745.
Contacts:
Jim Wynn, Company Secretary, Avocet Mining PLC +44 20 7766 7684
Samantha Harrison / Jen Boorer Ambrian Partners Limited, +44 20 7634 4700