AVR Avarae

 

TIDMAVR 
 
RNS Number : 4262R 
Avarae Global Coins PLC 
30 April 2009 
 

Avarae Global Coins Plc 
Purchase of own securities 
 
 
 
 
London (AIM: AVR): 30 April 2009 - Avarae Global Coins Plc ("Avarae" or "the 
Company"), the UK's only publicly traded specialist investment company dedicated 
to investing in rare and high quality coins, announces that, pursuant to the 
authority granted to the Company at its EGM on 23 March 2009, it made market 
purchases for cash of 15,000,000 ordinary shares of 1 pence each ("Ordinary 
Shares") from Kaupthing Singer & Friedlander Ltd (in Administration) for 
cancellation representing 14.54% of the issued share capital of the Company on 
29 April 2009. The Ordinary Shares were purchased at a price of 5 pence each for 
an aggregate consideration of GBP0.75 million. 
 
 
The transaction is a related party transaction under Rule 13 of the AIM Rules 
for Companies. The directors consider, having consulted with the Company's 
Nominated Adviser, that the terms of the transaction are fair and reasonable 
insofar as shareholders are concerned. 
 
 
Following the purchase, the Company's issued share capital consists of 
88,133,334 Ordinary Shares, with one voting right per share. 
 
 
The total number of voting rights in the Company is therefore 88,133,334. 
 
 
 
 
 For further information on Avarae Global Coins Plc, please contact: 
 
 
+------------------------+------------------------+------------------------+ 
| Brian Hatton/Matthew Wood                       | +44 (0)16 2461 5614    | 
+-------------------------------------------------+------------------------+ 
| Avarae Global Coins    |                        |                        | 
| Plc                    |                        |                        | 
+------------------------+------------------------+------------------------+ 
|                        |                        |                        | 
+------------------------+------------------------+------------------------+ 
| Adrian Hadden/Stewart Wallace/Lorraine Delannoy | +44 (0)20 7523 8350    | 
|                                                 |                        | 
+-------------------------------------------------+------------------------+ 
| Collins Stewart Europe Limited                  |                        | 
|                                                 |                        | 
| Sarah Scott/Gordon Puckey                       | +44 (0)20 7947 2857    | 
| Phoenix Financial PR                            |                        | 
+------------------------+------------------------+------------------------+ 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 POSIFFEISRIAFIA 
 

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