18th Jul 2007 07:01
Avocet Mining PLC18 July 2007 For immediate release Avocet Mining PLC ("Avocet" or "The Company") 18 July 2007 Purchase of Shares The Board of Avocet announces that, on 17 July 2007, the Company purchased1,400,000 Ordinary Shares of 5p on the market at an average price of 144.98p.These shares will be held in treasury by the Company until such time as they areused for: i) cancellation;ii) to satisfy the Company's obligations for employee share options or other share awards; oriii) issuance to third parties in order to complete one or more transactions or other corporate purposes. Furthermore the Company has issued 115,000 of these treasury shares to satisfythe exercise of share options. The Company now holds 1,997,000 Ordinary Sharesin treasury representing 1.67 per cent of the total ordinary shares in issue.The total number of ordinary shares in issue (excluding those held in treasury)amounts to 119,579,530. Contacts: Alan McFarlane, Company Secretary, Avocet Mining PLC 020 7907 9000Fiona Kindness, Director, Grant Thornton Corporate Finance (Nominated Adviser)020 7728 3414 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AVM.L