Avarae is registered and incorporated in the Isle of Man trading on AIM on 24 May 2006. In October, Avarae's Shareholders voted for Avarae to cancel its admission to AIM and so, on 25 October 2016, Avarae's shares ceased to be traded on AIM.
In conjunction with the de-listing, Avarae undertook a buy-back, via a tender offer, whereby it acquired approximately 9.0 million shares for cancellation. The company expects to undertake further buy-backs in due course to in order to return cash to Shareholders.
Information for shareholders
Please be aware that the Company is only able to communicate with its registered shareholders, i.e. only those whose names appear on the company's share register.
Broker/nominee account holders
If you hold shares through a nominee/broker account which is not in your name (as is likely with most broker/nominee services), you will not receive communications from the Company (for example about future buybacks or any other matter) as these will be directed to the registered shareholder. If you wish to receive shareholder communications, please contact your broker/nominee account provider and instruct them accordingly. Alternatively, you may request that your shares to be transferred from your broker/nominee into certificated form in your own name. You will then be the registered holder and entitled to receive shareholder communications from the Company.
Buying and selling shares in Avarae
As the Company's shares are no longer publicly traded, there is no market facility for buying and selling shares in Avarae. If you do wish to sell or buy shares in Avarae but have not secured a buyer/seller, please contact the Company via the website at www.avarae.com. Share transfers of uncertificated shares can still be effected through CREST (please contact your broker) or, for certificated shares, by submitting a duly completed, signed and (if necessary) stamped stock transfer form and your share certificate (or suitable indemnity) to the Registrar (see the Advisers section for contact details).