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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tavistock Investments Plc | LSE:TAVI | London | Ordinary Share | GB00BLNMLS43 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.75 | 4.50 | 5.00 | 4.75 | 4.75 | 4.75 | 320,666 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 33.95M | -1.4M | -0.0025 | -19.00 | 26.62M |
From Apr 2019 to Apr 2024
TIDMTAVI
RNS Number : 0281C
Tavistock Investments PLC
16 January 2018
Tavistock Investments plc
Shareholder Support for
Proposed Reduction of Share Premium Account
16 January 2018
Tavistock Investments plc ("Company") announces that shareholders gave overwhelming support to the resolution passed at today's general meeting that the Share Premium Account of the Company be reduced by GBP23 million.
The purpose of the reduction ("Capital Reduction") is to eliminate the historic deficit on the Company's profit and loss account and to create distributable reserves. This will enable the Company to pay a dividend to shareholders, should the Board decide to do so.
The Capital Reduction requires the approval of the Court, as well as shareholders. Accordingly, an application to the Court will now be made to confirm and approve the Capital Reduction, which it is anticipated will become effective in February 2018.
One of the Company's stated objectives is to introduce and manage, a dividend stream for the benefit of shareholders. It should be noted however, that the Capital Reduction itself does not guarantee the payment of a dividend.
Enquiries:
Tavistock Investments Tel: 01753 867000 Plc Oliver Cooke, Brian Raven Arden Partners Plc Tel: 020 7614 5900 Paul Shackleton Allenby Capital Limited Tel: 020 3328 5656 Nick Naylor, Nick Athanas Vested Tel: 020 3890 8118 Kitty Parry, Elspeth Rothwell
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
January 16, 2018 07:16 ET (12:16 GMT)
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