7 Jan 2011 07:00
NOTIFICATION OF INTEREST IN TOTAL VOTING RIGHTS
A form TR-1 containing the following information has been received by the Company.
TR-1 notification of major interests 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
An acquisition or disposal of voting rights
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 if different):
04 January 2011
6. Date on which issuer notified:
06 January 2011
7. Threshold(s) that is/are crossed or reached:
15% to 14%
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 | |||
GB0000663038 | 29,650,037 | 29,650,037 | 29,025,037 | 29,025,037 | 14.6927 % | ||
B: Financial Instruments
Resulting situation after the triggering transaction | ||||
Type of financial instrument | Expiration date | Exercise/ Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
N/A | N/A | N/A | N/A | N/A |
Total (A+B)
Number of voting rights | % of voting rights |
29,025,037 | 14.6927%
|
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
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 cease to hold voting rights:
n/a
13. Additional information: Of the 29,025,037 voting rights held, 13,451,716 are held by Elliot Associates, L.P and 15,573,321 are held by Elliot International L.P
Contact Name: Charles Eckley
Telephone Number: 0203 009 1135