TIDMAVM

RNS Number : 9948O

Avocet Mining PLC

27 September 2011

Avocet Mining PLC ('Avocet' or 'The Company')

Share Awards to Employees

The Company announces that it has awarded 35,187 Treasury Shares to employees in respect of their contribution to the disposal of South East Asian assets, including the receipt of further proceeds as announced on 7 September 2011.

These include the following awards, in respect of Shares, to Persons Discharging Managerial Responsibility ('PDMR's):

 
                              Number of Share awards 
---------------------------  ----------------------- 
 Brett Richards (Director)                     6,983 
---------------------------  ----------------------- 
 Mike Norris (Director)                       11,639 
---------------------------  ----------------------- 
 Peter Flindell                                5,184 
---------------------------  ----------------------- 
 Jim Wynn                                      2,112 
---------------------------  ----------------------- 
 

As a result of the above transactions, interests in shares held by the following directors and senior managers (primary insiders), either directly, through connected persons (eg family members), or within the EBT or Avocet Shareholder Incentive Plan (SIP) will be as follows:

 
                                                         Restricted             Share 
                        Shares owned               shares held in EBT/SIP     options 
-----------  -----------------------------------  ------------------------  --------- 
             Unrestricted  Restricted      Total      EBT    SIP     Total 
-----------  ------------  ----------  ---------  -------  -----  --------  --------- 
B Richards        667,192      69,363    736,555        -      -         -    934,838 
-----------  ------------  ----------  ---------  -------  -----  --------  --------- 
M Norris          430,783      57,802    488,585        -  1,951     1,951  1,250,000 
-----------  ------------  ----------  ---------  -------  -----  --------  --------- 
R Edey                  -           -          -   91,500      -    91,500          - 
-----------  ------------  ----------  ---------  -------  -----  --------  --------- 
R 
 Pilkington       222,763           -    222,763        -      -         -          - 
-----------  ------------  ----------  ---------  -------  -----  --------  --------- 
M Donoghue         38,029           -     38,029        -      -         -          - 
-----------  ------------  ----------  ---------  -------  -----  --------  --------- 
H Arnet            74,495           -     74,495        -      -         -          - 
-----------  ------------  ----------  ---------  -------  -----  --------  --------- 
B Rourke                -           -          -        -      -         -          - 
-----------  ------------  ----------  ---------  -------  -----  --------  --------- 
R Gray            521,109                521,109        -      -         -    300,000 
-----------  ------------  ----------  ---------  -------  -----  --------  --------- 
P Flindell        560,099      39,835    599,934        -      -         -    700,000 
-----------  ------------  ----------  ---------  -------  -----  --------  --------- 
J Wynn              5,368           -      5,368   31,346  2,367    33,713    165,000 
-----------  ------------  ----------  ---------  -------  -----  --------  --------- 
                2,519,838     167,000  2,686,838  122,846  4,318   127,164  3,349,838 
-----------  ------------  ----------  ---------  -------  -----  --------  --------- 
 

The Company now holds 688,712 Ordinary Shares in treasury representing less than 0.4 per cent of the total ordinary shares in issue. The total number of voting rights (being ordinary shares in issue less those held in treasury) amounts to 198,857,998.

Contacts:

Jim Wynn, Company Secretary, Avocet Mining PLC +44 20 7766 7684

Samantha Harrison / Jen Boorer Ambrian Partners Limited, +44 20 7634 4700

This information is provided by RNS

The company news service from the London Stock Exchange

END

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