27 Sep 2011 12:00
Avocet Mining PLC ('Avocet' or 'The Company')
Share Awards to Employees
The Company announces that it has awarded 35,187 Treasury Shares to employees in respect of their contribution to the disposal of South East Asian assets, including the receipt of further proceeds as announced on 7 September 2011.
These include the following awards, in respect of Shares, to Persons Discharging Managerial Responsibility ('PDMR's):
Number of Share awards | |
Brett Richards (Director) | 6,983 |
Mike Norris (Director) | 11,639 |
Peter Flindell | 5,184 |
Jim Wynn | 2,112 |
As a result of the above transactions, interests in shares held by the following directors and senior managers (primary insiders), either directly, through connected persons (eg family members), or within the EBT or Avocet Shareholder Incentive Plan (SIP) will be as follows:
Shares owned | Restricted shares held in EBT/SIP | Share options | |||||
Unrestricted | Restricted | Total | EBT | SIP | Total | ||
B Richards | 667,192 | 69,363 | 736,555 | - | - | - | 934,838 |
M Norris | 430,783 | 57,802 | 488,585 | - | 1,951 | 1,951 | 1,250,000 |
R Edey | - | - | - | 91,500 | - | 91,500 | - |
R Pilkington | 222,763 | - | 222,763 | - | - | - | - |
M Donoghue | 38,029 | - | 38,029 | - | - | - | - |
H Arnet | 74,495 | - | 74,495 | - | - | - | - |
B Rourke | - | - | - | - | - | - | - |
R Gray | 521,109 | 521,109 | - | - | - | 300,000 | |
P Flindell | 560,099 | 39,835 | 599,934 | - | - | - | 700,000 |
J Wynn | 5,368 | - | 5,368 | 31,346 | 2,367 | 33,713 | 165,000 |
2,519,838 | 167,000 | 2,686,838 | 122,846 | 4,318 | 127,164 | 3,349,838 | |
The Company now holds 688,712 Ordinary Shares in treasury representing less than 0.4 per cent of the total ordinary shares in issue. The total number of voting rights (being ordinary shares in issue less those held in treasury) amounts to 198,857,998.
Contacts:
Jim Wynn, Company Secretary, Avocet Mining PLC +44 20 7766 7684
Samantha Harrison / Jen Boorer Ambrian Partners Limited, +44 20 7634 4700