TIDMAVM

RNS Number : 5519O

Avocet Mining PLC

08 November 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
----------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                                 Avocet Mining Plc 
  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 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 economic                         n/a 
  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                                                                    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 and date                                        3 November 2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------------------------------------  --------------------------- 
 6. Date on which issuer notified:                                          7 November 2016 
------------------------------------------------------------------------  --------------------------- 
 7. Threshold(s) that is/are crossed                                       10% Section A 
  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 rights 
                  of                of                of shares     rights                    (x) 
                  Shares            Voting 
                                    Rights 
--------------  ----------------  ----------------  ------------  ------------------------  -------------------------- 
                                                     Direct        Direct      Indirect      Direct        Indirect 
                                                                   (xi)         (xii) 
--------------      ------------      ------------  ------------  ----------  ------------  ------------  ------------ 
 
 
  GB00BZBVR613   21,842,192        21,842,192        -             -           2,017,500     -             9.65% 
                ----------------  ----------------  ------------  ----------  ------------  ------------  ------------ 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration        Exercise/                     Number of voting            % of voting 
  instrument          date (xiii)       Conversion Period             rights that may             rights 
                                        (xiv)                         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 rights 
 financial          price             date (xvii)     Conversion    rights instrument           (xix, xx) 
 instrument                                           period        refers to 
                                                      (xviii) 
----------------  ----------------  --------------  ------------  --------------------------  ------------------------ 
 Equity Swaps      -                 23.01.2017      -             1                           Nominal     Delta 
----------------  ----------------  --------------  ------------  --------------------------  ----------  ------------ 
                                                                                               -           0.00% 
--------------      ------------      ------------  ------------    --------  ------------    ----------  ------------ 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  ---------------------------------------------------- 
 2,017,501                                                         9.65% 
----------------------------------------------------------------  ---------------------------------------------------- 
 
 
 
 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 - 
                                                                                                 2,017,500 (9.65%) 
 
 
                                                    - 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:                                                       +41 44 239 8058 
----------------------------------------------------------------------------------  ------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 08, 2016 02:15 ET (07:15 GMT)

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