AVR Avarae

    RNS Number : 4375G
  Avarae Global Coins PLC
  22 October 2008
   

    
TR-1:   notification of major interests in shares 

 1. Identity of the issuer or the underlying
 issuer of existing shares to which voting      Avarae Global Coins PLC
 rights are attached:
 2. Reason for the notification   (please tick the appropriate box
 or boxes)
 An acquisition or disposal of voting rights                                 X
 An acquisition or disposal of financial instruments which may
 result in the acquisition of shares already issued to which voting
 rights are attached
 An event changing the breakdown of voting rights
 Other (please specify): Placing _______________________
 3. Full name of person(s) subject to the        Kaupthing Singer & Friedlander Ltd
 notification obligation:
 4. Full name of shareholder(s) (if different   Kaupthing Singer & Friedlander Ltd  
 from 3.):
 5. Date of the transaction (and date on which               03.10.2008
 the threshold is crossed or reached if
 different):
 6. Date on which issuer notified:                          21.10.2008  
 7. Threshold(s) that is/are crossed or                         23%  
 reached:
 8. Notified details:                                    24,090,000

 A: Voting rights attached to shares
 Class/type of shares   Situation previous to the Triggering        Resulting situation after the triggering transaction
  if possible using     transaction 
 the ISIN CODE
                        Number of Shares      Number of Voting      Number of shares   Number of voting        % of voting
                                              Rights                                   rights                  rights
                                                                                       Direct       Indirect   Direct   Indirect
                                                                                                                           
 Ordinary Shares        Below 3%                          Below 3%  24,090,000         24,090,000
 Isin: GB00B137SQ61                                                                                            23.36%

 B: Financial Instruments
 Resulting situation after the triggering transaction 
 Type of financial instrument   Expiration date   Exercise/ Conversion  Number of voting      % of voting rights
                                                  Period/ Date          rights that may be
                                                                        acquired if the
                                                                        instrument is
                                                                        exercised/
                                                                        converted. 
                                                                                                 

 Total (A+B)
 Number of voting rights  % of voting rights
   24,090,000             23.36%

 9. Chain of controlled undertakings through which the voting rights and/or
 the financial instruments are effectively held, if applicable:
 The shares are held in KSF ltd Crest account through Kaupthing, Singer &
 Friedlander Ltd.
 Kaupthing, Singer & Friedlander Limited is in administration. Kaupthing
 Singer & Friedlander Limited (the Company) was placed into administration
 pursuant to a court order made on 8 October 2008. Margaret Elizabeth Mills,
 Patrick Joseph Brazzill, Thomas Merchant Burton and Alan Robert Bloom were
 appointed joint administrators of the Company.

 Proxy Voting:
 10. Name of the proxy holder:                                        
 11. Number of voting rights proxy holder will cease to hold:         
 12. Date on which proxy holder will cease to hold voting rights:     

 13. Additional information:       
 14. Contact name:              Brian Hatton
 15. Contact telephone number:  01624 631692


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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