31 May 2011 07:00
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TR-1: NOTIFICATION OF MAJOR INTEREST 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 (please tick the appropriate box or boxes): | ||
ย An acquisition or disposal of voting rights | ||
ย An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | ||
ย An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | X | |
ย An event changing the breakdown of voting rights | ||
ย Other (please specify): |
| |
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3. Full name of person(s) subject to the notification obligation: ย | Elliot International L.P Elliot Associates L.P |
4. Full name of shareholder(s) (if different from 3.): ย | n/a |
5. Date of the transaction and date on which the threshold is crossed or reached: ย | 25th May 2011 |
6. Date on which issuer notified: ย | 27th May 2011 |
7. Threshold(s) that is/are crossed or reached: ย | 14% |
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8. Notified details: | |||||||
A: Voting rights attached to shares ย | |||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights | |||
Direct | Direct | Indirect | Direct | Indirect | |||
Ordinary Shares | 25,695,037 | 25,695,037 | 25,695,037 | 25,695,037 | 12.8767% | ||
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B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction ย | ||||
Type of financialinstrument | Expirationdate | Exercise/ConversionPeriod | Number of votingrights that may beacquired if theinstrument isexercised/ converted. ย | % of votingrights |
N/A | N/A | N/A | N/A | N/A |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
Resulting situation after the triggering transaction ย | ||||||
Type of financialinstrument | Exerciseprice | Expirationdate | Exercise/Conversionperiod | Number of votingrights instrumentrefers to | % of voting rights ย | |
CFD over Ordinary Shares GB0000663038 | 2,315,000 | Nominal | Delta ย | |||
1.1601% | ||||||
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Total (A+B+C) ย | |
Number of voting rights | Percentage of voting rights |
28,010,037 | 14.0368% |
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9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: |
ย n/aย |
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Proxy Voting: ย | |
10. Name of the proxy holder: ย | n/a |
11. Number of voting rights proxy holder will cease to hold: ย | n/a |
12. Date on which proxy holder will cease to hold voting rights: ย | n/a |
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13. Additional information: ย | |
14. Contact name: ย | Charles Eckley |
15. Contact telephone number: ย | 0203 009 1135 |
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