8th Mar 2005 10:06
Avocet Mining PLC08 March 2005 AVOCET MINING PLC ("Avocet" or the "Company") Directors' shareholding The Company was informed on 8 March 2005 that Jonathan Henry, Finance Director,had on 8 March 2005 exercised 120,000 approved share options with an exerciseprice of 25p and sold 50,000 ordinary shares (to pay the related tax and otherexpenses) at 95p per share. His total resultant holding following thisnotification is therefore increased to 210,000 ordinary shares (representing 0.2per cent. of the issued share capital of the Company). The 50,000 ordinary shares noted above were acquired off market by Nigel McNairScott, Chairman, bringing his total holding to 5,805,000 ordinary shares(representing 5.58 per cent. of the issued share capital of the Company). The Company was also informed on 8 March 2005 that an employee had on 8 March2005 exercised 50,000 approved share options with an exercise price of 25p. Application has been made for the 170,000 new ordinary shares issued pursuant tothe exercise of options to be admitted to trading on AIM, and admission isexpected on 14 March 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AVM.L