Tavistock Investments PLC Transaction in Own Shares and Total Voting Rights

RNS Number : 8997P

Tavistock Investments PLC

12 December 2024

 

 

Tavistock Investments Plc

("Tavistock" or the "Company")

 

Transaction in Own Shares

 

and

 

Total Voting Rights

 

12 December 2024

 

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 333,333 of its own ordinary shares of 1 penny each (the "Ordinary Shares"), representing 0.07% of the Ordinary Shares in issue (the "Buyback Shares"), at a price of 4.7 pence per Buyback Share from an adviser who has left the Company following the recent disposal of the Group's network of Registered Individuals to The Saltus Partnership LLP.

 

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 111,062,520. Therefore, the total number of voting rights in the Company is 449,366,485 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 Oliver Cooke Brian Raven   Tel: [phone] Allenby Capital Limited (Nominated adviser and broker) Corporate Finance: Nick Naylor, Liz Kirchner, Dan Dearden-Williams Sales and Corporate Broking: Tony Quirke   Tel: [phone] Flagstaff Communications (Financial PR/IR) Tim Thompson Alison Allfrey Anna Probert [e-mail]

 

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