1 Jul 2009 16:23
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Avocet Mining plc |
2 Reason for the notification (please tick the appropriate box or boxes): | ||
An acquisition or disposal of voting rights | No | |
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | No | |
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | No | |
An event changing the breakdown of voting rights | Yes | |
Other (please specify): |
| No |
3. Full name of person(s) subject to the notification obligation: | Elliott International, L.P. Elliott Associates, L.P. |
4. Full name of shareholder(s) (if different from 3.): | n/a |
5. Date of the transaction and date on which the threshold is crossed or reached: | N/A |
6. Date on which issuer notified: | 1 July 2009 |
7. Threshold(s) that is/are crossed or reached: | 16% |
8. Notified details: | |||||||
A: Voting rights attached to shares | |||||||
Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||
Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights | |||
Direct | Direct | Indirect | Direct | Indirect | |||
Ordinary | 31,773,701 | 31,773,701 | 31,773,701 | 31,773,701 |
| 16.3961% |
|
Shares |
B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction | ||||
Type of financial instrument | Expiration date | Exercise/ Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
n/a |
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|
|
|
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
Resulting situation after the triggering transaction | ||||||
Type of financial instrument | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights | |
|
|
|
|
| Nominal | Delta |
|
|
Total (A+B+C) | |
Number of voting rights | Percentage of voting rights |
31,773,701 | 16.3961% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
n/a |
Proxy Voting: | |
10. Name of the proxy holder: | n/a |
11. Number of voting rights proxy holder will cease to hold: | n/a |
12. Date on which proxy holder will cease to hold voting rights: | n/a |
13. Additional information: | Of the 31,773,701 voting rights held, 14,626,038 are held by Elliott International, L.P., and 17,147,663 are held by Elliott Associates, L.P. |
14. Contact name: | Charlie Eckley |
15. Contact telephone number: | 0203 009 1135 |