Issue of Equity

RNS Number : 7095X
Tavistock Investments PLC
23 February 2017
 

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

 


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