TIDMAVR

RNS Number : 9080X

Avarae Global Coins PLC

14 December 2010

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
--------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying 
  issuer 
  of existing shares to which voting rights 
  are 
  attached:                                         Avarae Global Coins plc 
--------------------------------------------  ----------------------------- 
 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:                      Montoya Investments Limited 
--------------------------------------------  ----------------------------- 
 4. Full name of shareholder(s) 
 (if different from 3.):                        Montoya Investments Limited 
--------------------------------------------  ----------------------------- 
 5. Date of the transaction and date 
  on 
  which the threshold is crossed or 
  reached:                                                 10 December 2010 
--------------------------------------------  ----------------------------- 
 6. Date on which issuer notified:                         13 December 2010 
--------------------------------------------  ----------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached:                                                              14% 
--------------------------------------------  ----------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
------------------------------------------------------------------------------------------------------------------- 
 Class/type 
 of shares if 
 possible       Situation previous 
 using the       to the triggering                Resulting situation after the triggering 
 ISIN CODE       transaction                       transaction 
-------------  --------------------------------  ------------------------------------------------------------------ 
                                 Number 
                Number            of 
                 of               Voting          Number         Number of voting 
                 Shares           Rights           of shares      rights                   % of voting rights 
-------------  ---------------  ---------------  -------------  ------------------------  ------------------------- 
                                                  Direct         Direct         Indirect   Direct        Indirect 
-------------      -----------    -----------    -------------  -------------  ---------  ------------  ----------- 
 Ordinary 
 Shares 
 GB00B137SQ61   10,300,000       11.8%            12,300,000     12,300,000                14.1% 
-------------  ---------------  ---------------  -------------  -------------  ---------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------- 
                                                                   Number of voting 
                                                                    rights that may 
                                                                    be 
 Type of                                                            acquired if the 
 financial          Expiration     Exercise/                        instrument is              % of voting 
 instrument          date           Conversion Period               exercised/ converted.       rights 
-----------------  -------------  ------------------------------  --------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------- 
 Type of                                        Exercise/        Number of voting 
 financial        Exercise       Expiration     Conversion        rights instrument 
 instrument        price         date           period            refers to                  % of voting rights 
---------------  -------------  -------------  ---------------  --------------------------  ----------------------- 
                                                                                             Nominal       Delta 
---------------  -------------  -------------  ---------------  --------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                            Percentage of voting rights 
-------------------------------------------------  ---------------------------------------------------------------- 
 12,300,000                                         14.1% 
-------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 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:                                                Guy Walker 
---------------------------------------------------------  ----------------- 
 15. Contact telephone number:                              +(642) 1124 1391 
---------------------------------------------------------  -----------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLTIBMTMBIBBJM

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