Holding(s) in Company (7209U)

TIDMAVM

RNS Number : 7209U

Avocet Mining PLC

29 December 2011

NOTIFICATION OF INTEREST IN TOTAL VOTING RIGHTS

A form TR-1 containing the following information has been received by the Company.

TR-1 notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Avocet Mining PLC

2. Reason for the notification

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

3. Full name of person(s) subject to the notification obligation:

Elliott International, L.P, Elliott Associates LP

Liverpool Limited Partnership

4. Full name of shareholder(s) (if different from 3):

n/a

5. Date of the transaction (and date on which the threshold

is crossed or reached if different):

22 December 2011

6. Date on which issuer notified:

28 December 2011

7. Threshold(s) that is/are crossed or reached:

19%

8. Notified details:

A: Voting rights attached to shares

 
 Class/type      Situation previous        Resulting situation after 
  of shares       to the Triggering         the triggering transaction[1] 
  if possible     transaction 
  using 
  the ISIN 
  CODE 
--------------  ------------------------  --------------------------------------------------------- 
                 Number       Number       Number       Number of               % of voting 
                  of           of           of shares    voting rights           rights 
                  Shares       Voting 
                               Rights 
--------------  -----------  -----------  -----------  ----------------------  -------------------- 
                                           Direct       Direct       Indirect   Direct     Indirect 
--------------  -----------  -----------  -----------  -----------  ---------  ---------  --------- 
 GB0000663038    25,695,037   25,695,037   25,695,037   25,695,037              12.9189% 
--------------  -----------  -----------  -----------  -----------  ---------  ---------  ---------

B: Financial Instruments

 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------- 
 Type of                 Expiration     Exercise/         Number of             % of voting 
  financial              date           Conversion         voting rights         rights 
  instrument                            Period/ Date       that may 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 
--------------------------------------------------------------------------------------------- 
 Type of financial         Expiration     Exercise/         Number of           % of voting 
  instrument                date           Conversion        voting rights       rights 
                                           Period/           instrument 
                                           Date              refers to: 
------------------------  -------------  ----------------  ------------------  -------------- 
    CFD over Ordinary          N/A              N/A         12,097,773          Nominal: 
          Shares                                                                 6.0825% 
       GB0000663038 
------------------------  -------------  ----------------  ------------------  --------------

Total (A+B+C)

 
 Number of voting rights   % of voting rights 
------------------------  ------------------- 
 37,792,810                19.0015% 
------------------------  -------------------

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

n/a

Proxy Voting:

10. Name of the Proxy holder:

n/a

11. Number of voting rights proxy holder will cease to hold:

n/a

12. Date on which proxy holder cease to hold voting rights:

n/a

13. Additional information: