13th Aug 2012 07:00
13 August 2012
AVARAE GLOBAL COINS PLC
CHANGE OF ADVISER
Avarae Global Coins plc ("Avarae"), the UK's only publicly traded specialist company dedicated to purchasing, holding and selling rare and high quality coins, is pleased to announce the appointment of Westhouse Securities Limited as its Nominated Adviser and Broker with immediate effect.
For further information on Avarae Global Coins plc, please contact:
Matt Wood / Diane Clarke Avarae Global Coins plc | +44 (0)16 2461 5614 |
Tom Price / Paul Gillam Westhouse Securities Limited | +44 (0)20 7601 6100 |
Toby Hall/Suzanne Johnson-Walsh GTH Communications Limited | +44 (0)20 3103 3900 |
Notes to editors:
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 trades 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. Since its formation in 2006, the Company has achieved a compound annual return of 9.5 per cent. The Company has no borrowings.
Related Shares:
AVR.L