REG - Tavistock Investment - Transaction in Own Shares,Director Dealing and TVR

Tavistock InvestmentsAnnouncement

11/02/2025 07:00

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RNS Number : 5756W  Tavistock Investments PLC  11 February 2025

 

Tavistock Investments Plc

("Tavistock" or the "Company")

 

Transaction in Own Shares

 

Director Dealing

 

and

 

Total Voting Rights

 

11 February 2025

 

Tavistock announces that, in accordance with the authority granted by
shareholders at a General Meeting of the Company held on 30 October 2024, it
has agreed to purchase 8,600,000 of its own ordinary shares of 1 penny each
(the "Buyback Shares"), representing 1.91% of the current total voting rights
of the Company, at a price of 4.3 pence per ordinary share from Oliver Cooke,
Non-Executive Chairman.

 

The Buyback Shares will initially be placed into treasury and may subsequently
either be placed into a trust for the benefit of the Company's employees or
cancelled. Shares placed into trust could be used to satisfy the exercise of
share options without causing dilution to the Company's other shareholders.

 

Following the purchase of the Buyback Shares, the total number of ordinary
shares in issue at today's date is 560,429,005 and following this transaction,
the total number of Ordinary Shares held as treasury shares by the Company is
119,332,113. Therefore, the total number of voting rights in the Company is
441,096,892 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.

 

Following this transaction, Mr Cooke is interested in 22,000,000 Ordinary
Shares, representing 4.99% of the total voting rights of the Company.

 

   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, Liz Kirchner, Dan Dearden-Williams

 Sales and Corporate Broking: Tony Quirke

 Flagstaff Communications                                             tavistock@flagstaffcomms.com

 (Financial PR/IR)

 Tim Thompson

 Alison Allfrey

 Anna Probert

The notifications below, made in accordance with the requirements of the UK
Market Abuse Regulation, provide further detail.

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Oliver Cooke
 2    Reason for the notification

 a)   Position/status                                              Non-Executive Chairman
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Tavistock Investments Plc
 b)   LEI                                                           21380078QEABEGTVT16
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument   Ordinary Shares of £0.01 each

      Identification code

                                                                    ISIN: GB00BLNMLS43
 b)   Nature of the transaction                                    Sale of shares
 c)   Price(s) and volume(s)                                        Price                No. of shares
                                                                   4.3p                  8,600,000
 d)   Aggregated information

      - Aggregated volume                                          8,600,000

      - Price                                                        N/A
 e)   Date of the transaction                                      10 February 2025
 f)   Place of the transaction                                     London Stock Exchange

d)

Aggregated information

- Aggregated volume

- Price

 

8,600,000

  N/A

e)

Date of the transaction

10 February 2025

f)

Place of the transaction

London Stock Exchange

 

 

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