Avarae Global Coins PLC Result of AGM (1421U)

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RNS Number : 1421U

Avarae Global Coins PLC

13 October 2014

Avarae Global Coins PLC

("Avarae" or the "Company")

Results of Annual General Meeting

Avarae (AIM: AVR.L), the UK's only publicly traded specialist company dedicated to purchasing, holding and selling rare and high quality coins, is pleased to announce that at the Annual General Meeting of the Company held today, all resolutions were duly passed by Shareholders.

For further information on Avarae, please contact:

 
 Matt Wood / Diane Clarke 
 Avarae Global Coins plc             +44 (0)16 2461 5614 
 
   Adrian Hadden / James Bavister 
 WH Ireland Limited                  +44 (0)20 7220 1666 
 
   Toby Hall 
 GTH Media Relations                 +44 (0)7713 341 072

Notes to editors:

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 trades 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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