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Board Change

16th Nov 2010 10:30

RNS Number : 2566W
Avarae Global Coins PLC
16 November 2010
 



16 November 2010

 

AVARAE GLOBAL COINS PLC

("Avarae" or the "Company")

 

BOARD CHANGE

 

Avarae Global Coins Plc (AIM:AVR), the UK's only publicly traded specialist company dedicated to investing in rare and high quality coins, is today pleased to announce that Clement Hadrian Chambers has been appointed to the board of Avarae as a Non-executive Director with immediate effect.

 

Clement, 47, is the Managing Director and co-founder of ADVFN plc, the AIM listed online financial information group, which has successfully grown into one of the leading online financial portals in the UK. Clem has been a director of publicly listed and private companies for more than 15 years and is able to bring a wealth of experience into the Non-executive role with Avarae. Clem's other current directorships are ALL IPO plc, On-line plc, Equity Holdings Limited, Cupid Bay Limited, Advessel Limited, Equity Development Limited and Throgmorton Street Capital Ltd. Clem is also an officer of InvestorsHub.com Inc. Clem does not have a shareholding in Avarae.

 

In accordance with Schedule 2 paragraph (g) of the AIM Rules, the Company announces the following information:

 

Clement Chambers holds or has held the following directorships, and is or was a member of the following partnerships during the past 5 years:

 

Current directorships/partnerships

Past directorships/partnerships

ADVFN plc

 N/a

ALL IPO plc

On-line plc

Equity Holdings Limited

Equity Development Limited

Cupid Bay Limited

Throgmorton Street Capital Ltd

Advessel Limited

 

Clement was a director of CRL Group plc ("CRL") from 1982, until the point that CRL went into administration in 1987. CRL subsequently won a legal settlement against a large US company that reneged on a contract responsible for the CRL's financial difficulties. Clement was also a director of Advertwizard Limited in 2003 when the Company went into liquidation. The company was liquidated as part of a rationalisation of On-line plc's subsidiaries.

 

There is no further information required to be disclosed under Schedule 2, Paragraph (g) of the AIM Rules for Companies, pursuant to Clement's appointment.

 

For further information on Avarae Global Coins plc, please contact:

 

Diane Clarke/Matthew Wood

+44 (0)16 2461 5614

Avarae Global Coins plc

Adrian Hadden/Stewart Wallace

+44 (0)20 7523 8350

Collins Stewart Europe Limited

Gordon Puckey/Deborah Cavanagh

+44 (0)20 7947 2856

Phoenix Financial PR

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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