REG - Tavistock Investment - Termination of proposed acquisition

Tavistock InvestmentsAnnouncement

10/02/2022 16:00

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RNS Number : 3331B  Tavistock Investments PLC  10 February 2022

Prior to publication, the information contained within this announcement was
deemed by the Company to constitute inside information as stipulated under the
UK Market Abuse Regulation. With the publication of this announcement, this
information is now considered to be in the public domain.

 

 

Tavistock Investments Plc

("Tavistock" or the "Company")

Termination of proposed acquisition of Morgan Financial Group Holdings Limited

 

 

 

10 February 2022

 

Further to the announcement made by the Company on 17 January 2022, Tavistock
today announces that its proposed acquisition of Morgan Financial Group
Holdings Limited (the "Transaction") will no longer take place.

 

Brian Raven, Tavistock's Chief Executive, said; "The Transaction is no longer
in Tavistock's strategic interests and therefore will not proceed. We wish the
Morgans team well with the future development of their business."

 

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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