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Avocet Mining PLC (AVM)

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Monday 15 November, 2010

Avocet Mining PLC

Holding(s) in Company

RNS Number : 2022W
Avocet Mining PLC
15 November 2010
 



 

 

 

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


No

 

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


No

 

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


No

 

An event changing the breakdown of voting rights


YES

 

Other (please specify):

 


No

 

3. Full name of person(s) subject to the notification obligation:

 

Elliott International, L.P.
Elliott Associates, L.P.

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:

 

10 November 2010

6. Date on which issuer notified:

 

12 November 2010

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

 

15%

 

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


Ordinary

Shares 

31,773,701

31,773,701

31,018,701

31,018,701


15.786%



 

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





 

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

 






Nominal

Delta

 



 

Total (A+B+C)

 

Number of voting rights

Percentage of voting rights


31,018,701


15.786%

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

 

 n/a

 

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:

 

Of the 31,018,701 voting rights held, 14,324,038 are held by Elliott International, L.P., and 16,694,663 are held by Elliott Associates, L.P.

14. Contact name:

 

Charlie Eckley

15. Contact telephone number:

 

0203 009 1135

 


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