4th Aug 2008 09:46
Avocet Mining PLC ("Avocet" or "the Company")
Purchase of Shares
The Board of Avocet announces that, on 1 August 2008, the Company purchased 250,000 Ordinary Shares of 5p ('Shares') on the market at an average price of 120p per Share. These Shares will be held in treasury by the Company until such time as they are used for:
cancellation;
to satisfy the Company's obligations for employee share options or other share awards; or
issuance to third parties in order to complete one or more transactions or other corporate purposes.
The Company now holds 910,000 Shares in treasury representing 0.75 per cent of the Company's issued share capital. The total number of Shares in issue (excluding those held in treasury) amounts to 120,666,530.
Contacts:
Alan McFarlane, Company Secretary, Avocet Mining PLC, 020 7907 9000
Richard Brown, Richard Greenfield, Ambrian Partners Limited, 020 7634 4700
Related Shares:
AVM.L