30 Sep 2011 17:30

NOTIFICATION OF INTEREST IN TOTAL VOTING RIGHTS
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A form TR-1 containing the following information has been received by the Company.
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TR-1 notification of major interests in shares
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Avocet Mining PLC
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2. Reason for the notification
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments.
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3. Full name of person(s) subject to the notification obligation:
Elliott International LP, Elliott Associates LP.
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4. Full name of shareholder(s) (if different from 3):
n/a
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5. Date of the transaction (and date on which the threshold
is crossed or reached if different):
28th September 2011
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6. Date on which issuer notified:
30th September 2011
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7. Threshold(s) that is/are crossed or reached:
16%
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8. Notified details:
A: Voting rights attached to shares
Class/type of shares Ā 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 | 25,695,037 | 25,695,037 | 25,695,037 | 25,695,037 | 12.9213% | ||
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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 |
C:Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction | ||||
Type of financial instrument | Expiration date | Exercise/ Conversion Period/ Date | Number of voting rights instrument refers to: | % of voting rights |
CFD | N/A | N/A | 6,311,000 Ā | Nominal: 3.17362% |
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Total (A+B+C)
Number of voting rights | % of voting rights |
32,006,037 | 16.09492% |
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9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Elliott International LP, Elliott Associates LP
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Proxy Voting:
10. Name of the Proxy holder:
n/a
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11. Number of voting rights proxy holder will cease to hold:
n/a
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12. Date on which proxy holder cease to hold voting rights:
n/a
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13. Additional information:
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Contact Name: Charles Eckley
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Telephone Number: 0203 009 1135
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