Field Fisher Waterhouse advises Avocet Mining on its move from AIM to Main Market
13 December 2011
Field Fisher Waterhouse LLP has advised Avocet
Mining PLC, the gold mining and exploration business, on the
admission of its ordinary shares to the premium listing segment of
the Official List and to trading on the London Stock Exchange's
main market for listed securities, which became effective on 8
December 2011. The company was admitted with a market
capitalisation in excess of £400 million and expects to be included
in the FTSE UK 350 Index in spring 2012. The company was
originally admitted to the Official List in 1996 and returns to the
Main Market after trading for a number of years on AIM.
Corporate partners
Andrew Blankfield and
George Cotter led on the deal, assisted
by associates Rashed Hasan and Aleksandra Cison. As well as acting on the
listing, the firm has recently advised Avocet on the $200m disposal
of its South East Asian assets, which completed earlier this
year.
The transaction rounds off a successful year
for Field Fisher Waterhouse's equity capital markets team, other
highlights of which include acting for Trap Oil Group plc on one of
the largest AIM IPO fundraisings of 2011.
Andrew Blankfield said: “Avocet Mining is a
long-standing and valued client of the firm. Having advised
on the company's original admission to the Official List in 1996,
we are delighted to have done this for a second time. Avocet's
return to the Official List is an endorsement of the company's
recent successes."
Mike Norris, Finance Director of Avocet
Mining, commented: “I thank FFW for its dedicated support and
advice over the last few months - its contribution was a
significant factor in the success of our move up to the main
market.”
Avocet's sponsor and broker, J.P. Morgan
Cazenove, was advised by an Ashurst team led by Nick
Williamson.
For further information, please
contact:
Paula
Nugent, PR Executive, Field Fisher Waterhouse LLP on 020 7861
4526
Louise Eckersley, PR Manager,
Field Fisher Waterhouse LLP on 020 7861 4120