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Tavistock Investment (TAVI)

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Tuesday 03 May, 2022

Tavistock Investment

Completion of purchase of minority holding in LEBC

RNS Number : 9574J
Tavistock Investments PLC
03 May 2022
 

Tavistock Investments Plc

("Tavistock" or the "Company")

Completion of purchase of a minority shareholding in LEBC Holdings Limited

 

3 May 2022

 

Further to the announcement made on 10 January 2022, Tavistock (AIM: TAVI) is pleased to announce that the Company received approval from the FCA on 29 April 2022 to become a "controller" (as per the FCA's rules) of LEBC Holdings Limited ("LEBC").  The acquisition of 21% of the issued share capital of LEBC has now completed.

 

 

For further information:

 

Tavistock Investments Plc

Oliver Cooke

Brian Raven

 

Tel: 01753 867000

Allenby Capital Limited

(Nominated adviser and broker)

Corporate Finance:

Nick Naylor, Liz Kirchner, Freddie Wooding

Sales and Corporate Broking:

Tony Quirke

 

Tel: 020 3328 5656

Powerscourt

Gilly Lock

Chloe Retief

 

Tel: 07711 380 007

  020 7250 1446

 

About Tavistock Investments Plc

 

Tavistock Investments Plc is an AIM listed financial services group that has over 175 advisers across the UK helping 40,000+ clients look after more than £4 billon of investments. The Company was established in 2013.

 

Tavistock's advisory business operates throughout the UK. The Tavistock Partners network supports over 130 Registered Individuals (IFAs), providing compliance, administration, technology, training and accounting services. The Tavistock Partnership is a network that does the same for 30 Appointed Representative firms. Tavistock Private Client provides wealth management and financial planning to high-net-worth individuals.

 

The Tavistock Platform, launched in 2020, provides a low-cost platform service to the Group's advisory and investment clients.

 

Tavistock Asset Management ("TAM") markets the Group's centralised investment proposition, both the ACUMEN UCITS funds and the Group's Model Portfolio Service ("MPS"). In June 2021 the Company announced its entry into a ten-year strategic partnership with Titan Wealth Holdings Limited ("Titan Wealth"). Tavistock acts as Titan Wealth's retail distribution partner. TAM retains Titan Wealth as investment manager for the MPS.

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