9 Nov 2011 17:00
Avocet Mining PLC ('Avocet' or 'The Company')
Purchase and Transfer of Own Shares
Avocet Mining PLC ("Avocet" or "the Company") announces that it has purchased 500,000 Ordinary Shares of 5 pence each in Avocet ('Shares') at an average price of 236.77 pence. These Shares will be transferred to parties pursuant to the agreement with Mathanha Mining as the final settlement of the Company's obligations with regard to the Doup project in Indonesia. The Doup project is owned by PT Arafura Surya Alam, in which Avocet's 60 per cent interest was sold on 30 September 2011. The cost of these Shares will form part of the cost of the disposal of Avocet's South East Asian assets.
For further information please contact:
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Avocet Mining PLC | Buchanan | Ambrian Partners Limited
| JPMorgan Cazenove | Arctic Securities | SEB Enskilda |
Financial PR Consultants | NOMAD & Joint Broker | Lead Broker | Financial Adviser & Market Maker | Market Maker | |
Brett Richards, CEO Mike Norris, FD Angela Parr, IR | Bobby Morse James Strong | Samantha Harrison Jen Boorer | Michael Wentworth-Stanley Neil Passmore | Arne Wenger Petter Bakken | Fredrik Cappelen |
+44 20 7766 7674 | +44 20 7466 5000 +44 78 7260 4783 | +44 20 7634 4700 | +44 20 7588 2828 | +47 2101 3100 | +47 2100 8500
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www.avocet.co.uk | www.buchanan.uk.com | www.ambrian.com | www.jpmorgancazenove.com | www.arcticsec.no | www.sebenskilda.no |