Here you will find an overview of Avarae Global Coins plc (Avarae) including financial results, news releases and RNS announcements, research and other shareholder information.

Information on these pages are being disclosed for the purposes of Rule 26 of the AIM Rules. For further information on Avarae, including Investment Strategy, please click here.

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About Avarae Global Coins Plc

Incorporated on 6 February 2006 and based in Douglas, Isle of Man, Avarae’s strategy is to achieve long term capital growth for its Shareholders through purchase, holding and collection of coins from around the world.

Avarae was admitted to trading on AIM in May 2006 with 53,333,334 shares in issue.  In July 2007, an additional 48,000,000 shares were issued in connection with a placing to raise a further £6.0 million (before expenses).  In March 2010, Avarae completed the purchases of 7,000,000 ordinary shares and 15,000,000 ordinary shares for cancellation.  In August 2010, a further 1,350,000 ordinary shares were purchased by the Company for cancellation. Following the latest purchase the Company's issued share capital consists of 86,783,334 Ordinary Shares.

Number of AIM securities in issue

There are currently 86,783,334 Avarae AIM securities in issue. There are no securities held as treasury shares.

Rights of shareholders

Avarae Global is incorporated in the Isle of Man and accordingly, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.  The rights, including voting rights attaching to the ordinary shares of Avarae are set out in paragraph 6 of Part IV of Avarae's AIM Admission Document. The Board in its opinion, having taken all the necessary legal advice, is compliant with the relevant securities laws applicable to the Company.

Restrictions on the transfer of securities

There are no restrictions on the transfer of Avarae's securities.

% of AIM securities in issue that are not in public hands

A total of 57.18% of Avarae shares are not in public hands.

Trade on other exchanges or trading platforms

Other than AIM Avarae does not trade on any other exchanges or trading platforms.

Significant shareholders

At 24.3.10:

Link to LSE

Link to the Avarae pages on London Stock Exchange