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28 Apr 2016 13:00
Tavistock Investments plc
Payment of Deferred Consideration
28 April 2016
On 13 February 2015 Tavistock Investments Plc ("Tavistock" or "Company") completed the acquisition of Standard Financial Group Limited together with its two operating subsidiaries Financial Limited and Investments Limited ("Standard").
Tavistock has today allotted 10,057,938 new ordinary shares of 1p each in the capital of the Company to the vendors of Standard in full settlement of the £434,000 deferred consideration provisions contained in the Sale and Purchase Agreement.
Application will be made for these shares to be admitted to trading on AIM with effect from 6 May 2016. Following admission, the Company will have a total of 346,106,708 Ordinary Shares in issue.
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
WH Ireland Limited
Tim Feather Tel: 0113 394 6600
Mark Leonard Tel: 020 7220 1666
Templars Communications Limited Tel: 020 3642 3140
Kitty Parry
Kate Boothman Meier
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