Avarae Global Coins : Result of EGM and cancellation of admission of Ordinary Shares to trading on AIM - 13.10.2016

RNS Number : 4834M Avarae Global Coins PLC 13 October 2016

AVARAE GLOBAL COINS PLC

("Avarae" or the "Company")

Result of Extraordinary General Meeting and

Cancellation of admission of Ordinary Shares to trading on AIM

Avarae (AIM: AVR.L) is pleased to announce that at the Extraordinary General Meeting of the Company held today, the delisting resolution was duly passed by Shareholders.

Accordingly, as announced on 19 September 2016, Avarae intends to:

• cancel the admission of its Ordinary Shares to trading on AIM;

• provide Qualifying Shareholders with an opportunity to realise some or all of their investment in

Avarae Global Coins by accepting the Tender Offer pursuant to which WH Ireland will conditionally offer to purchase up to 16,156,667 Ordinary Shares at 11.5 pence per Ordinary Share; and

• to undertake further buybacks of up to 16,156,667 Ordinary Shares following completion of the Tender Offer and the De-Listing.

Cancellation of the admission of the Company's ordinary shares to trading on AIM is expecting to occur on or around 7.00am on 25 October 2016. A further announcement will be made in due course.

Shareholders looking to partake in the in the Tender Offer should refer to the circular which was previously sent to shareholders and is available at: http://www.avarae.com/investor-relations- 2/documentation-sent-to-shareholders/ for further details.

Nigel Gautrey/Matt Wood	[phone]
Avarae Global Coins plc
Paul Shackleton/Nick Prowting	[phone]
WH Ireland Ltd

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

2016
Latest time and date for receipt of Tender Forms and TTE Instructions in relation to the Tender Offer and Tender Offer closes	11.00 a.m. on 20 October
Record Date for Tender Offer	5.00 p.m. on 20 October
Announcement of results of the Tender Offer by WH Ireland and the Company	21 October
Purchase of Tender Offer Shares under the Tender Offer	On or around 24 October
Earliest date for the De-Listing and cancellation of admission of the Ordinary Shares to trading on AIM	7.00 a.m. on 25 October
Despatch of cheques for Tender Offer proceeds	No later than 1 November
CREST accounts credited with Tender Offer proceeds	No later than 1 November
Despatch of share certificates in respect of any revised holdings of Ordinary Shares following the Tender Offer, and any Ordinary Shares held in CREST not tendered pursuant to the Tender Offer	No later than 1 November
Proposed Buybacks	Anticipated to complete by 31 March 2018

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