Avocet Mining PLC TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (2182T)
January 03 2017 - 9:30AM
UK Regulatory
TIDMAVM
RNS Number : 2182T
Avocet Mining PLC
03 January 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or Avocet Mining Plc
the underlying issuer GB00BZBVR613
of existing shares to which
voting rights are
attached: (ii)
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2 Reason for the notification (please tick the appropriate
box or boxes):
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An acquisition or disposal of voting rights Yes
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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
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An acquisition or disposal of instruments with n/a
similar economic effect to qualifying financial
instruments
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An event changing the breakdown of voting rights n/a
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Other (please n/a
specify):
------------------------------------------------------- ------- ---------------------
3. Full name of person(s) UBS Investment Bank
subject to the UBS Group AG
notification obligation:
(iii)
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4. Full name of shareholder(s) UBS AG London Branch
(if different from 3.):(iv) UBS Limited
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5. Date of the transaction 19 December 2016
and date on
which the threshold is
crossed or
reached: (v)
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6. Date on which issuer 21 December 2016
notified:
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7. Threshold(s) that is/are 10% Section A
crossed or 10% Section (A+B+C)
reached: (vi, vii)
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8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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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
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Resulting situation after the triggering transaction
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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)
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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)
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Number of voting rights Percentage of voting rights
----------------------------------------------------------------- ---------------------------------------------------
2,209,220 10.57%
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9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
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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:
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10. Name of the proxy holder:
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11. Number of voting rights proxy
holder will cease to hold:
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12. Date on which proxy holder will
cease to hold voting rights:
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13. Additional information:
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14. Contact name: Jamie Bonney / David Iglesias
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15. Contact telephone number: +41 44 239 8058
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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