18th Apr 2005 13:17
Avocet Mining PLC18 April 2005 Avocet Mining PLC (the "Company") Directors shareholding Notification of interests - Employee Benefit Trust Maitland Trustees Limited as Trustee of the Avocet Mining Employee Benefit Trustinformed the Company on 18 April 2005 that it had purchased 200,000 ordinaryshares of 25p each in the Company at an average price of 80.75p per share over athree day period of 6 - 8 April 2005. As a result of the acquisition MaitlandTrustees Limited as Trustee of the Avocet Mining Employee Benefit Trust nowholds a total of 1,431,433 ordinary shares, representing 1.37 per cent of theissued ordinary share capital of the Company. Maitland Trustees Limited acts as the trustee for the Company's Employee BenefitTrust ("EBT"), a plan set up in order to reward employees for the performance ofthe Company on a long term basis and to enable the Company to continue toattract a high calibre of management and operational personnel. The directorsof the Company are potential beneficiaries under the EBT and are deemed to beinterested in those shares held or dealt in by the EBT for the purposes ofsection 324 of the Companies Act 1985. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AVM.L