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.

Admitted to AIM on 24 May 2006 with 53,333,34 shares in issue at a subscription price per ordinary share of 12.5p, the market capitalisation of the Company on Admission at the Subscription Price was £6,666,667. In July 2007 with an additional 48,000,000 shares in issue a further £6.0 million (before expenses) was raised.  Avarae purchased 7,000,000 ordinary shares for cancellation on 20 August 2008 , and a further 15,000,000 ordinary shares for cancellation on 30 April 2009, following the latest purchase the share capital consists of 88,133,334 Ordinary Shares.

Number of AIM securities in issue

There are currently 88,133,334 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 64.11% 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 31.3.09:

Link to LSE

Link to the Avarae pages on London Stock Exchange