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Avocet Mining PLC (AVM)

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Tuesday 31 May, 2011

Avocet Mining PLC

Holding(s) in Company

RNS Number : 5428H
Avocet Mining PLC
31 May 2011
 



 

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 INTEREST 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 (please tick the appropriate box or boxes):

 

An acquisition or disposal of voting rights


X

 

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached


 

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments


 

An event changing the breakdown of voting rights


 

Other (please specify):

 


 

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:

 

25th May 2011

6. Date on which issuer notified:

 

27th May 2011

7. Threshold(s) that is/are crossed or reached:

 

Holding has gone above 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

Direct

Indirect

Direct

Indirect


GB0000663038

14,624,816

14,624,816

N/A

N/A

14,765,540

N/A

7.40%


 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

 

Type of financial
instrument

Expiration
date

Exercise/
Conversion
Period

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

Resulting situation after the triggering transaction

 

Type of financial
instrument

Exercise
price

Expiration
date

Exercise/
Conversion
period

Number of voting
rights instrument
refers to

% of voting rights

 

CFD




5,313,015

Nominal

Delta

 

2.66%

2.66%

 

Total (A+B+C)

 

Number of voting rights

Percentage of voting rights


20,078,555


10.06%

 

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  -  20,078,555    (10.06%)

 

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 will cease to hold voting rights:

 

n/a

 

13. Additional information:

 

BlackRock International Threshold Reporting Team

14. Contact name:

 

Andrew Manchester

15. Contact telephone number:

 

+44 20 7743 5773

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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