Tavistock Regulatory News (TAVI)

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Tavistock Investments Plc ("Tavistock" or "Company")

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

5 Victoria Street

Windsor

Berks SL4 1HB

COUNTRY OF INCORPORATION:

England

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.tavistockinvestments.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Background

The principal objective of the Company is to create a large and profitable business in the financial services sector and for shareholders to achieve significant capital appreciation from the profitable growth of a business that combines both financial advisory and investment management services.

In June 2014 the Company completed the acquisition of its existing two operating businesses, Tavistock Partners Limited (formerly known as County Life & Pensions Limited) and Tavistock Wealth Limited (formerly known as Blacksquare Limited).

Tavistock Partners Limited ("TPL")

TPL is a group holding company operating the Sterling McCall wealth management network. The Sterling McCall business was established in 2003 by its three principals, Steve Moseley, Kevin Mee and Paul Millott. It is headquartered in Kegworth, Derbyshire, and has a second office in Grimsby, South Yorkshire. TPL is regulated by the FCA with FRN 449607.

Audited revenues for the year to 31 December 2013 amounted to £2.77 million and the company reported a pre-tax profit for the year of £483,000. As at 31 December 2015, the business had 23 financial advisers, over 5,000 active clients and some £400 million of funds under advice.

Advisers within the Sterling McCall network provide both private and corporate clients with financial advice, model portfolio and discretionary investment management, estate planning, pensions and retirement planning, insurance protection and mortgages.

TPL has developed proprietary software that will enable its advisers to conduct fact finds and risk assessments and to undertake the know-your-client process for new clients on a paperless basis.

Tavistock Wealth Limited ("TWL")

TWL was established in 2005 by Christopher Peel and is authorised and regulated by the Financial Conduct Authority with FRN 568089.

Since its acquisition by the Company, Tavistock Wealth has developed and launched a discretionary fund management ("DFM") service predominantly for use by clients of the advisory business. However, following entry into the strategic relationship with Novia Financial plc, announced on 1 September 2014, this DFM service is also being made available to selected third parties. This service includes provision of an extensive series of risk progressive "model portfolios". To ensure choice in meeting the needs of each investor, many of the models are managed in conjunction with third party specialists with whom Tavistock Wealth has contracted. These arrangements enable Tavistock Wealth to ensure that investment portfolios match clients' defined attitudes to risk and report performance on a true like for like basis to facilitate peer performance comparison.

Proposed Acquisition

The Company is now proposing to acquire Standard Financial Group Limited ("Standard"). In view of the size of the acquisition relative to the Company, it constitutes a reverse acquisition under the AIM Rules for Companies and therefore requires the approval of its shareholders in general meeting.

Overview of proposed acquisition

The main trading subsidiary within Standard is Financial, an independent network of financial advisers that is regulated by the FCA under authorisation number 188153. Financial was founded in 2001 and, from its base near Cheltenham, provides Appointed Representatives (financial advisory firms) with a range of compliance, training and back-office services, together with the regulatory approval required for them to operate. As of 31 December 2014, Financial had 256 Appointed Representatives with a total of 301 Registered Individuals (individual advisers), making it the 7th largest network in the UK. Its network generates gross annual revenues of some £28m and has over 60,000 customers with assets under influence in excess of £2.6 billion.

Further information regarding Standard and the terms of its acquisition are set out in the AIM admission document published by the Company today, which also sets out details of, inter alia, an open offer to existing shareholders.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

274,615,305 ordinary shares of 1 penny each

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

£3.06 million, giving a market capitalisation of £5.49 million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

36.9 per cent.

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Oliver Charles Hewardine Cooke, Executive Chairman

Brian Kenneth Raven, Group Chief Executive

Roderic Henry Patrick Rennison, Non-executive Director

Philip Andrew Young, Non-executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Before Admission:

Stephen Moseley 26.4%

Kevin Mee 22.2%

Paul Millott 22.2%

Paul Simpson 3.3%

Following Admission

Stephen Moseley 11.7%

Kevin Mee 9.9%

Paul Millott 9.8%

Brian Raven 4.9%

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

none

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) 30 June 2014

(iii) 30 June 2015, 30 September 2015, 30 June 2016

EXPECTED ADMISSION DATE:

13 February 2015

NAME AND ADDRESS OF NOMINATED ADVISER:

Northland Capital Partners Limited

131 Finsbury Pavement

London EC2A 1NT

NAME AND ADDRESS OF BROKER:

WH Ireland Limited

24 Martin Lane

London EC4R 0DR

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The AIM Admission Document containing full details of Tavistock, Standard and the re-admission of Tavistock's securities is available on the Company's website, www.tavistockinvestments.com

DATE OF NOTIFICATION:

12 February 2015

NEW/ UPDATE:

UPDATE