REG - Tavistock Investment - Transaction in Own Shares and Total Voting Rights

Tavistock InvestmentsAnnouncement

21/02/2022 07:00

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RNS Number : 2054C  Tavistock Investments PLC  21 February 2022

Tavistock Investments Plc

("Tavistock" or the "Company")

 

Transaction in own shares and total voting rights

 

21 February 2022

 

Tavistock announces that, on 21 February 2022, in accordance with the
authority granted by shareholders at the Company's General Meeting held on 23
July 2021 and as signalled in the Company's 2021 final results announced on 7
September 2021, the Company has purchased 21,219,847 of its own ordinary
shares of 1 penny each ("Ordinary Shares"), representing 3.67 % of the shares
in issue, at a price of 5.85 pence per share (the "Buyback Shares").

 

The Buyback Shares will now be cancelled.

 

Once the Buyback Shares have been cancelled, the Company will have 557,677,576
Ordinary Shares in issue. Therefore, the total number of voting rights in the
Company will be 557,677,576 which may be used by shareholders 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
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Assuming no further issue of Ordinary Shares, the earnings per share is
expected to increase by 3.3% per Ordinary Share as a result of this
transaction.

 For further information

Tavistock Investments Plc                                    Tel: 01753 867000

 Oliver Cooke

 Brian Raven

 Allenby Capital Limited (Nominated adviser and broker)       Tel: 020 3328 5656

 Corporate Finance: Nick Naylor, Nick Athanas, Liz Kirchner

 Sales and Corporate Broking: Tony Quirke

 Powerscourt                                                  Tel: 07711 380 007

 Gilly Lock                                                           020 7250 1446

 Chloe Retief

 

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