Tavistock Investments PLC Issue of Equity (7095X)

TIDMTAVI

RNS Number : 7095X

Tavistock Investments PLC

23 February 2017

Tavistock Investments Plc

Issue of Equity

23 February 2017

Tavistock Investments Plc ("Tavistock" or the "Company") the financial services business, announces that, following the general meetings held on 22 February, Oliver Cooke, Chairman, and Brian Raven, Chief Executive, have today exercised their right to convert the G Ordinary Shares held by them, into ordinary shares of 1p each in the Company ("Ordinary Shares").

As a result, the Company has today issued to each of Mr Cooke and Mr Raven 22,927,017 new Ordinary Shares.

The interests of Mr Cooke and Mr Raven in the share capital of the Company following this issue are:

 
           Ordinary Shares     %         Options to 
                                        subscribe for 
                                       Ordinary Shares 
--------  ----------------  -------  ----------------- 
 Oliver 
  Cooke      25,388,556      4.76%       1,600,000 
--------  ----------------  -------  ----------------- 
 Brian 
  Raven      62,319,379      11.68%      1,600,000 
--------  ----------------  -------  ----------------- 
 

Application will be made for the 45,854,034 new Ordinary Shares to be admitted to trading on AIM with effect from 1 March 2017.

Upon admission of these shares to trading on AIM, the Company's issued share capital will comprise 533,614,616 Ordinary Shares with each share carrying the right to one vote. No Ordinary Shares are held in treasury and accordingly, the figure of 533,614,616 Ordinary Shares 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 Financial Conduct Authority's Disclosure and Transparency Rules.

For further information:

   Tavistock Investments plc                                         Tel: [phone] 

Oliver Cooke, Executive Chairman

Brian Raven, Group Chief Executive

   Northland Capital Partners Limited                         Tel: [phone] 

William Vandyk

Matthew Johnson

   Allenby Capital Limited                                              Tel: [phone] 

Nick Naylor

Nick Athanas

   Templars Communications Limited                          Tel: [phone] 

Kitty Parry

Alice Osborn

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 23, 2017 09:00 ET (14:00 GMT)