TIDMAVM

RNS Number : 4318M

Avocet Mining PLC

23 August 2013

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i) 
 
 
 1. Identity of the issuer or the        Avocet Mining Plc 
  underlying issuer of existing shares    GB0000663038 
  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 instruments      n/a 
  which may result in the acquisition of shares already 
  issued to which voting rights are attached 
-----------------------------------------------------------------  ------ 
 An acquisition or disposal of instruments with similar              n/a 
  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) subject      UBS Investment Bank 
  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 and date       21 August 2013 
  on which the threshold is crossed 
  or reached: (v) 
-------------------------------------  --------------------- 
 6. Date on which issuer notified:         23 August 2013 
-------------------------------------  --------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                            11% 
-------------------------------------  --------------------- 
 
 
 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 rights 
                  of           of           of shares    rights                  (x) 
                  Shares       Voting 
                               Rights 
--------------  -----------  -----------  -----------  ----------------------  --------------------- 
                                           Direct       Direct       Indirect   Direct     Indirect 
                                                         (xi)         (xii) 
--------------  -----------  -----------  -----------  -----------  ---------  ---------  ---------- 
 GB0000663038    21,945,074   21,945,074   21,400,269   21,400,269   -          10.75%     - 
--------------  -----------  -----------  -----------  -----------  ---------  ---------  ---------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------- 
 Type of financial   Expiration     Exercise/       Number of voting         % of voting 
  instrument          date (xiii)    Conversion      rights that              rights 
                                     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 financial   Exercise   Expiration   Exercise/     Number of voting     % of voting 
  instrument          price      date         Conversion    rights instrument    rights (xix, 
                                 (xvii)       period        refers to            xx) 
                                              (xviii) 
------------------  ---------  -----------  ------------  -------------------  ---------------- 
                                                                                Nominal   Delta 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 21,400,269                 10.75% 
------------------------  ---------------------------- 
 
 
 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 / Zuzana 
                                    Görögová 
-------------------------------  ------------------------------- 
 15. Contact telephone number:     +41 44 239 4071 
-------------------------------  -------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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