REG - Tavistock Investment - Completion of purchase of minority holding in LEBC

Tavistock InvestmentsAnnouncement

03/05/2022 07:00

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RNS Number : 9574J  Tavistock Investments PLC  03 May 2022

Tavistock Investments Plc

("Tavistock" or the "Company")

Completion of purchase of a minority shareholding in LEBC Holdings Limited

 

3 May 2022

 

Further to the announcement made on 10 January 2022, Tavistock (AIM: TAVI) is
pleased to announce that the Company received approval from the FCA on 29
April 2022 to become a "controller" (as per the FCA's rules) of LEBC Holdings
Limited ("LEBC").   The acquisition of 21% of the issued share capital of
LEBC has now completed.

 

 

For further information:

 

 Tavistock Investments Plc                    Tel: 01753 867000

 Oliver Cooke

 Brian Raven

 Allenby Capital Limited                      Tel: 020 3328 5656

 (Nominated adviser and broker)

 Corporate Finance:

 Nick Naylor, Liz Kirchner, Freddie Wooding

 Sales and Corporate Broking:

 Tony Quirke

 Powerscourt                                  Tel: 07711 380 007

 Gilly Lock                                           020 7250 1446

 Chloe Retief

 

About Tavistock Investments Plc

 

Tavistock Investments Plc is an AIM listed financial services group that has
over 175 advisers across the UK helping 40,000+ clients look after more than
£4 billon of investments. The Company was established in 2013.

 

Tavistock's advisory business operates throughout the UK. The Tavistock
Partners network supports over 130 Registered Individuals (IFAs), providing
compliance, administration, technology, training and accounting services. The
Tavistock Partnership is a network that does the same for 30 Appointed
Representative firms. Tavistock Private Client provides wealth management and
financial planning to high-net-worth individuals.

 

The Tavistock Platform, launched in 2020, provides a low-cost platform service
to the Group's advisory and investment clients.

 

Tavistock Asset Management ("TAM") markets the Group's centralised investment
proposition, both the ACUMEN UCITS funds and the Group's Model Portfolio
Service ("MPS"). In June 2021 the Company announced its entry into a ten-year
strategic partnership with Titan Wealth Holdings Limited ("Titan Wealth").
Tavistock acts as Titan Wealth's retail distribution partner. TAM retains
Titan Wealth as investment manager for the MPS.

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