TIDMAVR

RNS Number : 7192Y

Avarae Global Coins PLC

05 March 2012

For Immediate release 5 March 2012

Avarae Global Coins plc

( the "Company")

Holding(s) in Company

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 1. Identity of the issuer or the 
  underlying issuer of existing shares    Avarae Global Coins Plc 
  to which voting rights are attached: 
--------------------------------------  ------------------------- 
 
 
 2 Reason for the notification (please tick the appropriate box 
  or boxes): 
-------------------------------------------------------------------------- 
 
  An acquisition or disposal of voting rights                         Yes 
------------------------------------------------------------------  ------ 
 
  An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already 
  issued to which voting rights are attached 
------------------------------------------------------------------  ------ 
 
  An acquisition or disposal of instruments with similar 
  economic effect to qualifying financial instruments 
------------------------------------------------------------------  ------ 
 
  An event changing the breakdown of voting rights 
------------------------------------------------------------------  ------ 
 
  Other (please 
  specify): 
------------------  ----------------------------------------------  ------ 
 
 
 
 3. Full name of person(s) subject 
  to the notification obligation:        John Edmond Chambers 
-------------------------------------  ---------------------- 
 4. Full name of shareholder(s) (if 
  different from 3.): 
-------------------------------------  ---------------------- 
 5. Date of the transaction and date 
  on which the threshold is crossed      2(nd) March 2012 
  or reached: 
-------------------------------------  ---------------------- 
 6. Date on which issuer notified: 
                                         2(nd) March 2012 
-------------------------------------  ---------------------- 
 7. Threshold(s) that is/are crossed 
  or reached:                            3% 
-------------------------------------  ---------------------- 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------- 
 Class/type         Situation previous      Resulting situation after the triggering 
  of                 to the triggering       transaction 
  shares             transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-----------------  ----------------------  --------------------------------------------------------- 
                    Number      Number      Number       Number of voting       % of voting rights 
                     of          of          of shares    rights 
                     Shares      Voting 
                                 Rights 
-----------------  ----------  ----------  -----------  ---------------------  --------------------- 
                                            Direct       Direct      Indirect   Direct     Indirect 
-----------------  ----------  ----------  -----------  ----------  ---------  ---------  ---------- 
 Ordinary Shares    2,350,000   2,350,000   2,450,000    2,450,000              3.03% 
                   ----------  ----------  -----------  ----------  ---------  ---------  ---------- 
 GB00B137SQ61 
-----------------  ----------  ----------  -----------  ----------  ---------  ---------  ---------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------ 
 Type of financial   Expiration   Exercise/     Number of voting         % of voting 
  instrument          date         Conversion    rights that              rights 
                                   Period        may be 
                                                 acquired if 
                                                 the 
                                                 instrument is 
                                                 exercised/ converted. 
------------------  -----------  ------------  -----------------------  ------------ 
 
 
 
 C: Financial Instruments with similar economic effect to Qualifying 
  Financial Instruments 
----------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------- 
 Type of financial   Exercise   Expiration   Exercise/     Number of voting     % of voting 
  instrument          price      date         Conversion    rights instrument    rights 
                                              period        refers to 
------------------  ---------  -----------  ------------  -------------------  ---------------- 
                                                                                Nominal   Delta 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
  2,450,000                 3.03% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
--------------------------------------------------------------------------- 
 
 
 
 Proxy Voting: 
------------------------------------ 
 10. Name of the proxy holder: 
------------------------------------ 
 11. Number of voting rights proxy 
  holder will cease to hold: 
------------------------------------ 
 12. Date on which proxy holder will 
  cease to hold voting rights: 
------------------------------------ 
 
 
 13. Additional information: 
--------------------------------  ------------------------- 
 
  14. Contact name:                 Avarae Global Coins Plc 
--------------------------------  ------------------------- 
 
  15. Contact telephone number:     +44(0)16 2461 5614 
--------------------------------  -------------------------

For further information, please contact:

Collins Stewart Europe Limited

Matt Goode +44 (0)20 7523 8350

GTH Media Relations

Toby Hall +44 (0)20 3103 3903

This information is provided by RNS

The company news service from the London Stock Exchange

END

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