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4 Aug 2008 09:46
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Avocet Mining PLC ("Avocet" or "the Company")
Purchase of Shares
The Board of Avocet announces that, onΒ 1 AugustΒ 2008,Β the Company purchasedΒ 250,000Β Ordinary Shares of 5pΒ ('Shares')Β on the market at an average price ofΒ 120pΒ per Share. TheseΒ Shares will be held in treasury by the Company until such time as they are used for:
cancellation;
to satisfy the Company's obligations for employee share options orΒ other share awards; or
issuance to third parties in order to complete one or more transactions or other corporate purposes.
The Company now holdsΒ 910,000Β Shares in treasury representingΒ 0.75Β per centΒ of theΒ Company's issued share capital. The total number ofΒ Shares in issue (excluding those held in treasury) amounts toΒ 120,666,530.
Contacts:
Alan McFarlane, Company Secretary, Avocet Mining PLC, 020 7907 9000
Richard Brown,Β Richard Greenfield, Ambrian Partners Limited, 020 7634 4700
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