Holding(s) in Company (3337K)
July 13 2011 - 11:00AM
UK Regulatory
TIDMAVM
RNS Number : 3337K
Avocet Mining PLC
13 July 2011
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
-----------------------------------------------
1. Identity of the issuer or the Avocet Mining PLC
underlying issuer of existing shares
to which voting rights are attached:
-------------------------------------- ------------------
2 Reason for the notification (please tick the appropriate box
or boxes):
-------------------------------------------------------------------------
An acquisition or disposal of voting rights X
----------------------------------------------------------------- ------
An acquisition or disposal of qualifying financial instruments
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 effect to qualifying financial instruments
----------------------------------------------------------------- ------
An event changing the breakdown of voting rights
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Other (please
specify):
----------------- ---------------------------------------------- ------
3. Full name of person(s) subject BlackRock Inc
to the notification obligation:
------------------------------------ ---------------------------
4. Full name of shareholder(s) (if n/a
different from 3.):
------------------------------------ ---------------------------
5. Date of the transaction and date 11th July 2011
on which the threshold is crossed
or reached:
------------------------------------ ---------------------------
6. Date on which issuer notified: 13th July 2011
------------------------------------ ---------------------------
7. Threshold(s) that is/are crossed Holding has gone below 10%
or reached:
------------------------------------ ---------------------------
8. Notified details:
-------------------------------------------------------------------------------------------
A: Voting rights attached to shares
-------------------------------------------------------------------------------------------
Class/type of
shares if
possible Situation previous
using the to the triggering Resulting situation after the triggering
ISIN CODE transaction transaction
-------------- ------------------------ -------------------------------------------------
Number
Number of Number
of Voting of Number of voting % of voting
Shares Rights shares rights rights
-------------- ----------- ----------- ------- -------------------- ------------------
Direct Direct Indirect Direct Indirect
-------------- ----------- ----------- ------- ------- ----------- ------- ---------
GB0000663038 14,765,454 14,765,540 N/A N./A 14,467,462 N/A 7.25%
----------- ----------- ------- ------- ----------- ------- ---------
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 may rights
Period be acquired if
the instrument
is exercised/
converted.
------------------ ----------- ------------ ----------------- ------------
N/A N/A N/A N/A N/A
------------------ ----------- ------------ ----------------- ------------
C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments
------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------
Number of
Type of Exercise/ voting rights
financial Expiration Conversion instrument % of voting
instrument date period refers to rights
--------------- ------------ ------------- -------------- ----------------
CFD N /A N/A 5,195,287 Nominal Delta
--------------- ------------ ------------- -------------- -------- ------
2.60% 2.60%
--------------------------------------------------------- -------- ------
Total (A+B+C)
------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------ ----------------------------
19,662,749 9.85%
------------------------ ----------------------------
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 - 19,662,749 (9.85%)
---------------------------------------------------------------------------
Proxy Voting:
------------------------------------------
10. Name of the proxy holder: n/a
------------------------------------ ----
11. Number of voting rights proxy n/a
holder will cease to hold:
------------------------------------ ----
12. Date on which proxy holder will n/a
cease to hold voting rights:
------------------------------------ ----
13. Additional information: BlackRock International Threshold
Reporting Team
------------------------------ ----------------------------------
14. Contact name: Andrew Manchester
------------------------------ ----------------------------------
15. Contact telephone number: 020 7743 5773
andrew.manchester@blackrock.com
------------------------------ ----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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