Avarae Global Coins PLC Holding(s) in Company (5696W)
30 Décembre 2013 - 3:06PM
UK Regulatory
TIDMAVR
RNS Number : 5696W
Avarae Global Coins PLC
30 December 2013
30 December 2013
Avarae Global Coins plc
(the "Company")
Holding(s) in Company
The Directors of Avarae Global Coins plc (AIM: AVR.L), the UK's
only publicly traded company dedicated to investing in rare and
high quality coins, were today notified by Mr Paul Dewinter that
following the purchase of 500,000 ordinary shares of 1 pence each
in the capital of the Company ("Ordinary Shares") on 19 December
2013, Mr Dewinter and his connected parties are now interested in
2,523,160 Ordinary Shares, representing approximately 3.1% of the
Company's issued ordinary share capital.
For further information on Avarae Global Coins plc, please
contact:
Diane Clarke/Matt Wood +44 (0)16 2461 5614
Avarae Global Coins plc
Tom Griffiths/Paul Gillam +44 (0)20 7601 6100
Westhouse Securities Ltd
Toby Hall +44 (0)20 7822 7493
GTH Communications Limited +44 (0)7713 341072
Notes to editors:
Avarae Global Coins plc ("Avarae") provides access for
institutions and individuals wanting to diversify their investment
portfolios away from the traditional asset classes such as
equities, property and bonds without the need to be an expert in
the coin-collecting sector.
The Company's investment policy is to invest in rare, high
quality antique coins and coin collections from across the world.
It continues to build up an impressive portfolio of extremely high
quality, rare coins which it intends to hold both for the long-term
(i.e. 3 to 5 years), in order to achieve long-term capital growth
for our shareholders, and also the short-term, in order to take
advantage of short-term trading opportunities, as the market for
rare coins continues to grow.
A principal objective of the Company is to achieve long-term
capital growth through the appreciation in the value of the coins
acquired. Since its formation in 2006, the Company has achieved a
compound annual return of 9.5 per cent. The Company has no
borrowings.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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