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Tavistock Investment (TAVI)

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Thursday 10 February, 2022

Tavistock Investment

Termination of proposed acquisition

RNS Number : 3331B
Tavistock Investments PLC
10 February 2022
 

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.

 

 

Tavistock Investments Plc

("Tavistock" or the "Company")

Termination of proposed acquisition of Morgan Financial Group Holdings Limited

 

 

 

10 February 2022

 

Further to the announcement made by the Company on 17 January 2022, Tavistock today announces that its proposed acquisition of Morgan Financial Group Holdings Limited (the "Transaction") will no longer take place.

 

Brian Raven, Tavistock's Chief Executive, said ; "The Transaction is no longer in Tavistock's strategic interests and therefore will not proceed. We wish the Morgans team well with the future development of their business."

 

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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