REG - Tavistock Investment - Transaction in Own Shares

Tavistock InvestmentsAnnouncement

20/09/2021 07:00

RNS Number : 1963M
  
Tavistock Investments PLC
  
20 September 2021
  
 

Tavistock Investments Plc
("Tavistock" or the "Company")
 
Transaction in own shares
 
20 September 2021
 
Tavistock announces that on 17 September 2021, in accordance with the authority granted by shareholders at the Company's General Meeting on 23 July 2021 and as signalled in the Company's 2021 final results announced on 7 September 2021, the Company purchased 28,898,378 of its own ordinary shares of 1 penny each ("Ordinary Shares"), representing 4.75% of the shares in issue, at a price of 4.7 pence per share (the "Buyback Shares").
 
These shares will now be cancelled.
 
Once the Buyback Shares have been cancelled, the Company will have 578,897,423 ordinary shares in issue. Therefore, the total number of voting rights in the Company will be 578,897,423 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 shares, Earnings Per Share (EPS) for each remaining share in issue will increase by 4.6% as a consequence of this transaction.
 
 




 
 
 
For further information
 




Tavistock Investments Plc
Oliver Cooke
Brian Raven
 


Tel: 01753 867000




Allenby Capital Limited
(Nominated adviser and broker)
Corporate Finance:
Nick Naylor, Nick Athanas, Liz Kirchner
Sales and Corporate Broking:
Tony Quirke
 


Tel: 020 3328 5656




Powerscourt
Gilly Lock
Chloe Retief
 


Tel: 07711 380 007
       020 7250 1446




 




 

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