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Payment of Deferred Consideration

28 Apr 2016 13:00

RNS Number : 6913W
Tavistock Investments PLC
28 April 2016
 

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

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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