REG - Tavistock Investment - Transaction in Own Shares

Tavistock InvestmentsAnnouncement

12/03/2025 07:00

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RNS Number : 2479A  Tavistock Investments PLC  12 March 2025

 

Tavistock Investments Plc

("Tavistock" or the "Company")

 

Transaction in Own Shares

 

and

 

Total Voting Rights

 

12 March 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 an aggregate total of 166,667 of its own ordinary
shares of 1 penny each (the "Buyback Shares" ), representing 0.038% of the
current total voting rights of the Company, at a price of 5.26 pence per
Buyback Share from a former adviser.

 

The Buyback Shares will initially be placed into treasury and may subsequently
be placed into a trust for the benefit of the Company's employees or
cancelled. Shares placed into trust would 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
119,498,780. Therefore, the total number of voting rights in the Company is
440,930,225 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.

   For further information

Tavistock Investments Plc                               Tel: 01753 867000

 Johanna Rager

 Brian Raven

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

 Corporate Finance: Nick Naylor, Dan Dearden-Williams

 Sales and Corporate Broking: Tony Quirke

 Flagstaff Communications                                tavistock@flagstaffcomms.com

 (Financial PR/IR)                                       Tel: 0207 (Tel:0207) 129 1474

 Tim Thompson

 Alison Allfrey

 Anna Probert

 

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