9 May 2011 15:00
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
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
3. Full name of person(s) subject to the notification obligation:
BlackRock, Inc.
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):
6th May 2011
6. Date on which issuer notified:
9th May 2011
7. Threshold(s) that is/are crossed or reached:
Holding has gone below 10%
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 | Indirect | Direct | Indirect | ||||
GB0000663038 | 14,652,051 | 14,652,051 | N/A | N/A | 14,624,816 | N/A | 7.33%* |
*Situation previous was based on a total of 197,546,710 voting rights issued and resulting situation is based on a total of 199,546,710 voting rights issued.
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 xv, xvi | ||||||
Resulting situation after the triggering transaction | ||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
| |
CFD | 5,313,015 | Nominal | Delta | |||
2.66% | 2.66% | |||||
Total (A+B+C)
Number of voting rights | % of voting rights |
19,937,831 | 9.99% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
BlackRock Investment Management (UK) Limited - 19,937,831 (9.99%)
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:
BlackRock International Threshold Reporting Team
Contact Name: Andrew Manchester
Telephone Number: 020 7743 5773