Tavistock Regulatory News (TAVI)

Tavistock Investments Plc

("Tavistock" or the "Company")

Postponement of general meeting

4 December 2020

Tavistock (AIM:TAVI) announces that it will shortly be writing to shareholders to postpone the general meeting of the Company that had been scheduled to take place at 11.30 am on Wednesday, 16 December 2020 (the "GM"). A copy of this letter will be made available on the Company's website https://tavistockinvestments.com/ 

The purpose of the GM is to seek shareholders' support for a proposal to replace the existing long-term incentive arrangements for members of the Company's leadership team, including the Executive Directors Oliver Cooke and Brian Raven, with an alternative long-term incentive scheme (the "Proposal"). Details of the Proposal were contained in a circular sent to shareholders on 20 November 2020.

The Board has received feedback on the Proposal from a number of shareholders which has highlighted that certain aspects of the Proposal could inappropriately favour the interests of the Company's leadership team over those of shareholders in certain circumstances. This is counter to the Board's intention and, as a consequence, the Board recognises that certain aspects of the Proposal need to be amended.

The Board welcomes constructive engagement with shareholders and now wishes to take the opportunity to reflect on these discussions, to consult further with the Company's advisers and to revise the Proposal as appropriate.

The Board will write to shareholders again in the New Year to provide them with further details.

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