Avocet Mining PLC Holding(s) in Company (7377P)

TIDMAVM

RNS Number : 7377P

Avocet Mining PLC

21 August 2014

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                               Avocet Mining Plc 
  the underlying issuer                                      GB0000663038 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
---------------------------------------------------------  ----------------------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
---------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                           n/a 
----------------------------------------------------------------------------------------------------  ---- 
 An acquisition or disposal of qualifying financial                                                    n/a 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------------------------------------------------  ---- 
 An acquisition or disposal of instruments with                                                        n/a 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------------------------------------------------  ---- 
 An event changing the breakdown of voting rights                                                      n/a 
----------------------------------------------------------------------------------------------------  ---- 
 Other (please                                             Increase in the total number of ordinary    Yes 
  specify):                                                shares 
--------------------------------------------------------  ------------------------------------------  ---- 
 3. Full name of person(s)                                  UBS Investment Bank 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ----------------------------------------------- 
 4. Full name of shareholder(s)                             UBS AG London Branch 
  (if different from 3.):(iv) 
---------------------------------------------------------  ----------------------------------------------- 
 5. Date of the transaction                                 19 August 2014 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ----------------------------------------------- 
 6. Date on which issuer                                    21 August 2014 
  notified: 
---------------------------------------------------------  ----------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                        10% 
---------------------------------------------------------  ----------------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                  Resulting situation after the 
  of             to the triggering                   triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  ----------------------------------  ------------------------------------------------------------------- 
                Number             Number           Number         Number of voting           % of voting 
                 of                 of               of shares      rights                     rights (x) 
                 Shares             Voting 
                                    Rights 
-------------  -----------------  ---------------  -------------  -------------------------  ------------------------- 
                                                    Direct         Direct         Indirect    Direct        Indirect 
                                                                    (xi)           (xii) 
-------------      -------------      -----------  -------------  -------------  ----------  ------------  ----------- 
 GB0000663038   21,399,240         21,399,240       20,745,591     20,745,591     -           9.92%         - 
               -----------------  ---------------  -------------  -------------  ----------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration         Exercise/                     Number of voting             % of voting 
 financial           date               Conversion                    rights that                  rights 
 instrument          (xiii)             Period (xiv)                  may be 
                                                                      acquired if 
                                                                      the 
                                                                      instrument 
                                                                      is 
                                                                      exercised/ 
                                                                      converted. 
-----------------  -----------------  ----------------------------  ---------------------------  --------------------- 
 -                  -                  -                             -                            - 
-----------------  -----------------  ----------------------------  ---------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise           Expiration     Exercise/      Number of voting             % of voting 
  financial        price              date           Conversion     rights instrument            rights (xix, 
  instrument                          (xvii)         period         refers to                    xx) 
                                                     (xviii) 
---------------  -----------------  -------------  -------------  ---------------------------  ----------------------- 
 -                -                  -              -              -                            Nominal       Delta 
---------------  -----------------  -------------  -------------  ---------------------------  ------------  --------- 
                                                                                                -             - 
-------------      -------------      -----------  -------------    -----------  ----------    ------------  --------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  ---------------------------------------------------- 
 20,745,591                                                        9.92% 
----------------------------------------------------------------  ---------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
--------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
-------------------------------------------------------------  ------------------------------ 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
-------------------------------------------------------------  ------------------------------ 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
-------------------------------------------------------------  ------------------------------ 
 
 
  13. Additional information: 
-------------------------------------------------------------  ------------------------------ 
 14. Contact name:                                              Konstantina Georgaki / Akvile 
                                                                Budrikaite 
-------------------------------------------------------------  ------------------------------ 
 15. Contact telephone number:                                  [phone] 
-------------------------------------------------------------  ------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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