Last checked at 23 Feb 2017 14:00
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: 01753 867000
Oliver Cooke, Executive Chairman
Brian Raven, Group Chief Executive
Northland Capital Partners Limited Tel: 020 3861 6625
William Vandyk
Matthew Johnson
Allenby Capital Limited Tel: 020 3328 5656
Nick Naylor
Nick Athanas
Templars Communications Limited Tel: 020 3642 3140
Kitty Parry
Alice Osborn