Issue of Equity and Total Voting Rights


 

TIDMAVM 
 
RNS Number : 1201X 
Avocet Mining PLC 
01 December 2010 
 

                  AVOCET MINING PLC ('Avocet' or the 'Company') 
 
 
                    Issue of Equity and Total Voting Rights 
 
 
Avocet Mining PLC announces that on 30 November 2010 the Company issued and 
allotted 1,055,108 ordinary shares of 5 pence each ('Shares') following the 
exercise of 913,415 share options at a price of 82 pence per Share, 950,000 
share options at a grant price of 103.25 pence per Share, and 50,000 shares 
options at a grant price of 135.50 pence per Share.  A number of these options 
have been exercised net in accordance with the Avocet Share Options Scheme 
Rules, in order to reduce the number of new shares issued and to reduce the cash 
payable by the option holder at the time of exercise. 
 
Application has been made for the admission of the Shares to trading on the AIM 
market of the London Stock Exchange with admission expected to occur on or 
around 6 December 2010. 
 
The Company also announces that, pursuant to the requirements of the Disclosure 
and Transparency Rules, the total number of voting rights in respect of each 
class of share in issue and admitted to trading on AIM at the date of this 
announcement is as follows: 
 
 
 
                                                Number of shares 
Number of voting 
                                                   in issue 
            rights 
 
Ordinary shares of 5p each        196,491,602 
196,491,602 
 
 
Following the allotment and admission of the shares in respect of the above 
option exercise,  the issued share capital of the Company and total voting 
rights of shares admitted to AIM will increase to 197,546,710. 
 
Contacts: 
 
Jim Wynn, Company Secretary, Avocet Mining PLC, 020 7766 7676 
 
Richard Brown,  Ambrian Partners Limited, 020 7634 4700 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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