REG - Tavistock Investment - Exercise of Options and Total Voting Rights

Tavistock InvestmentsAnnouncement

23/06/2022 14:15

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RNS Number : 0046Q  Tavistock Investments PLC  23 June 2022

Tavistock Investments Plc

 

("Tavistock" or the "Company")

 

Exercise of Options and Total Voting Rights

 

23 June 2022

 

Tavistock announces that it has received notice of exercise in relation to
share options over 700,000 ordinary shares of 1 penny each in the Company
("Ordinary Shares"). The options have been exercised at a price of 2.5 pence
per Ordinary Share.

 

Application has been made to the London Stock Exchange for the 700,000
Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected
that Admission will become effective on, or around, 29 June 2022.

 

Total voting rights

 

Upon Admission, the issued share capital of the Company will consist of
558,377,576 Ordinary Shares, with one voting right per share. The Company does
not hold any Ordinary Shares in treasury.

 

Therefore, the total number of Ordinary Shares and voting rights in the
Company will, following Admission, be 558,377,576. From Admission, this figure
may be used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

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
180 advisers across the UK helping 30,000+ 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 140 Registered Individuals (IFAs), providing
compliance, administration, technology, training and accounting services. The
Tavistock Partnership is a network that does the same for 20 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.

 

On 14 June 2021, the Company announced its entry into a ten-year strategic
partnership with Titan Wealth Holdings Limited ("Titan"). Tavistock now acts
as Titan's retail distribution partner and Titan acquired Tavistock Wealth
Limited ("TWL"), Tavistock's multi-asset manager with over £1 billion of FUM,
for a consideration of up to £40 million in cash, together with a ten-year
earn out. Whilst becoming part of Titan, John Leiper, formerly Tavistock's
Chief Investment Officer, and his investment team continue to work closely
with Tavistock and its advisers.

 

A new company, Tavistock Asset Management ("TAM"), continues to market the
Group's centralised investment proposition, both the ACUMEN UCITS funds and
the Group's Model Portfolio Service ("MPS"). TAM retains Titan as investment
manager for the MPS.

 

The strategic partnership will enable Tavistock to accelerate the growth of
its wealth management business both organically and through an acquisition
programme.

 

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