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Avocet Mining PLC (AVM)

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Monday 09 May, 2011

Avocet Mining PLC

Holding(s) in Company

RNS Number : 2191G
Avocet Mining PLC
09 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 interests 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

An acquisition or disposal of voting rights

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

 

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 if different):

6th May 2011

 

6. Date on which issuer notified:

9th May 2011

 

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

Holding has gone below 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

Indirect

Direct

Indirect

GB0000663038

14,652,051

14,652,051

N/A

N/A

14,624,816

N/A

7.33%*

*Situation previous was based on a total of 197,546,710 voting rights issued and resulting situation is based on a total of 199,546,710 voting rights issued.

 

 

 

 

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion  Period/ Date

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 xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

CFD




5,313,015

Nominal

Delta

2.66%

2.66%


 

 

Total (A+B+C)

Number of voting rights

% of voting rights

19,937,831

9.99%

 

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 - 19,937,831 (9.99%)

 

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 cease to hold voting rights:

n/a

 

 

13. Additional information:

BlackRock International Threshold Reporting Team

Contact Name:          Andrew Manchester

Telephone Number:  020 7743 5773


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