Avarae Global Coins PLC Holding(s) in Company (5696W)

TIDMAVR

RNS Number : 5696W

Avarae Global Coins PLC

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

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