Holding(s) in Company (0196Y)

TIDMAVR TIDM49IP
RNS Number : 0196Y
Avarae Global Coins PLC
15 December 2010
 
 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 
------------------------------------------------------------------------------ 
     1. Identity of the issuer or the           Avarae Global Coins plc 
     underlying issuer of existing 
     shares to which voting rights are 
     attached: 
----------------------------------------  ------------------------------------ 
  2. Reason for the notification (please tick the appropriate 
   box or boxes): 
------------------------------------------------------------------------------ 
  An acquisition or disposal of voting         X 
  rights 
------------------------------------------  ---------------------------------- 
  An acquisition or disposal of qualifying 
  financial instruments which may result 
  in the acquisition of shares already 
  issued to which voting rights are 
  attached 
------------------------------------------  ---------------------------------- 
  An acquisition or disposal of 
  instruments with similar economic effect 
  to qualifying financial instruments 
------------------------------------------  ---------------------------------- 
  An event changing the breakdown of 
  voting rights 
------------------------------------------  ---------------------------------- 
  Other (please specify): 
------------------------------------------  ---------------------------------- 
  3. Full name of person(s) subject         LANDSBANKI ISLANDS HF. 
   to the 
  notification obligation: 
--------------------------------------  -------------------------------------- 
  4. Full name of shareholder(s)            PERSHING NOMINEES LIMITED 
   (if different from 3.): 
--------------------------------------  -------------------------------------- 
  5. Date of the transaction and            10 December 2010 
   date on 
   which the threshold is crossed 
   or 
   reached: 
--------------------------------------  -------------------------------------- 
  6. Date on which issuer notified:         14 December 2010 
--------------------------------------  -------------------------------------- 
  7. Threshold(s) that is/are crossed       ALL THRESHOLDS BETWEEN 18% AND 
   or                                        5% 
  reached: 
--------------------------------------  -------------------------------------- 
 
 
 
 8. Notified details: 
 --------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------- 
   Class/type 
   of shares if 
   possible       Situation previous 
   using the       to the triggering          Resulting situation after the triggering 
   ISIN CODE       transaction                 transaction 
---------------  ------------------------  --------------------------------------------------- 
                                Number of    Number 
                  Number of     Voting       of        Number of voting       % of voting 
                  Shares        Rights       shares     rights                rights 
 --------------  ----------  ------------  --------- 
                                             Direct    Direct     Indirect   Direct   Indirect 
 --------------  ----------  ------------  ---------  ---------  ---------  -------  --------- 
 GB00B137SQ61    15,200,000   15,200,000   4,200,000  4,200,000      0        5.2       5.2 
---------------  ----------  ------------  ---------  ---------  ---------  -------  --------- 
 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------- 
    Type of                Expiration    Exercise/     Number of voting        % of 
  financial                 date         Conversion    rights that may be      voting 
 instrument                              Period        acquired if the         rights 
                                                       instrument is 
                                                       exercised/converted 
-----------  ------------------------  ------------  ---------------------  ------------ 
 
 
 
 C: Financial Instruments with similar economic effect to Qualifying 
  Financial Instruments 
--------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------- 
    Type of                Exercise    Expiration    Exercise/     Number of      % of voting 
  financial                 price       date         Conversion    voting          rights 
 instrument                                          period        rights 
                                                                   instrument 
                                                                   refers to 
-----------  ----------------------  ------------  ------------  ------------  -------------- 
                                                                               Nominal  Delta 
-----------  ----------------------  ------------  ------------  ------------  -------  ----- 
 
 
 
   Total (A+B+C) 
------------------------------------------------------------------ 
 Number of voting rights               % of voting rights 
------------------------------------  ---------------------------- 
   4,200,000                            5.2 
------------------------------------  ---------------------------- 
  9. Chain of controlled undertakings through which the voting 
   rights and/or the financial instruments are effectively held, 
   if applicable: 
------------------------------------------------------------------ 
 
 
 
  Proxy Voting: 
------------------------------------------------- 
         10. Name of the proxy holder:        N/A 
------------------------------------------  ----- 
         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: 
---------------------------------------  --------------------------- 
                                           Bupa Gandhi, 
         14. Contact name:                  Landsbanki London Branch 
---------------------------------------  --------------------------- 
         15. Contact telephone number:     +44(0)20 7866 5081 
---------------------------------------  ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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