Avocet Mining PLC TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (2182T)

TIDMAVM

RNS Number : 2182T

Avocet Mining PLC

03 January 2017

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
--------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                   Avocet Mining Plc 
  the underlying issuer                                          GB00BZBVR613 
  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                               Yes 
----------------------------------------------------------------  --------------------- 
 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                                                             n/a 
  specify): 
-------------------------------------------------------  -------  --------------------- 
 3. Full name of person(s)                                  UBS Investment Bank 
  subject to the                                             UBS Group AG 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ---------------------------- 
 4. Full name of shareholder(s)                             UBS AG London Branch 
  (if different from 3.):(iv)                                UBS Limited 
---------------------------------------------------------  ---------------------------- 
 5. Date of the transaction                                 19 December 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ---------------------------- 
 6. Date on which issuer                                    21 December 2016 
  notified: 
---------------------------------------------------------  ---------------------------- 
 7. Threshold(s) that is/are                                10% Section A 
  crossed or                                                 10% Section (A+B+C) 
  reached: (vi, vii) 
---------------------------------------------------------  ---------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous                  Resulting situation after the triggering 
  of              to the 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) 
--------------      -------------      -----------  -------------  ---------  --------------  ------------  ---------- 
 
 
  GB00BZBVR613   2,017,500          2,017,500        -              -          2,209,219       -             10.57% 
                -----------------  ---------------  -------------  ---------  --------------  ------------  ---------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration         Exercise/                     Number of voting             % of voting 
  instrument          date               Conversion                    rights that                  rights 
                      (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) 
----------------  -----------------  -------------  -------------  ---------------------------  ---------------------- 
 Equity Swaps      -                  23.01.2017     -              1                            Nominal     Delta 
----------------  -----------------  -------------  -------------  ---------------------------  ----------  ---------- 
                                                                                                 -           0.00% 
--------------      -------------      -----------  -------------    -------  --------------    ----------  ---------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                            Percentage of voting rights 
-----------------------------------------------------------------  --------------------------------------------------- 
 2,209,220                                                          10.57% 
-----------------------------------------------------------------  --------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------------------------------- 
 
                                           UBS Group AG is a group holding company for UBS Investment 
                                         Bank business. Voting rights are held through its controlled 
                                                                       undertakings as set out below. 
 
                                                                                              UBS AG: 
                                           *    directly through its branches: UBS AG London Branch - 
                                                                              2,209,219 (10.57%); and 
 
 
                                                   - indirectly through its subsidiaries: UBS Limited 
                                                                                          - 1 (0.00%) 
 
 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:                                                      Jamie Bonney / David Iglesias 
---------------------------------------------------------------------  ------------------------------ 
 15. Contact telephone number:                                          [phone] 

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This information is provided by RNS

The company news service from the London Stock Exchange

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January 03, 2017 09:30 ET (14:30 GMT)