23 Sep 2015 15:35
Avarae Global Coins PLC
("Avarae" or the "Company")
Results of Annual General Meeting and Director Change
Avarae (AIM: AVR.L), the UK's only publicly traded specialist company dedicated to purchasing, holding and selling rare and high quality coins, is pleased to announce that at the Annual General Meeting of the Company held today all resolutions were duly passed by Shareholders.
The Company was also informed today by Mr Guus Berting, non-executive director of the Company, that he wishes to step down from the board of Avarae with immediate effect to pursue his other business interests. The board of Avarae would like to express their thanks to Guus for his service over the last 7 years and wish him well for the future.
For further information on Avarae, please contact:
Diane Clarke/Matt Wood +44 (0)16 2461 5614
Avarae Global Coins plc
Adrian Hadden/James Bavister +44 (0)20 7220 1666
WH Ireland Ltd (nomad and broker)
Toby Hall +44 (0)7713 341072
gth Media Relations Financial PR
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.