Avocet Mining PLC Holding(s) in Company (5519O)
November 08 2016 - 2:15AM
UK Regulatory
TIDMAVM
RNS Number : 5519O
Avocet Mining PLC
08 November 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or the underlying Avocet Mining Plc
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 instruments n/a
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 similar economic n/a
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):
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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
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5. Date of the transaction and date 3 November 2016
on
which the threshold is crossed
or
reached: (v)
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6. Date on which issuer notified: 7 November 2016
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7. Threshold(s) that is/are crossed 10% Section A
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 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
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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 (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)
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Number of voting rights Percentage of voting rights
---------------------------------------------------------------- ----------------------------------------------------
2,017,501 9.65%
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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)
------------------------------------------------------------------------------------------------------------------
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:
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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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