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Tavistock Investment (TAVI)

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Monday 21 February, 2022

Tavistock Investment

Transaction in Own Shares and Total Voting Rights

RNS Number : 2054C
Tavistock Investments PLC
21 February 2022
 

Tavistock Investments Plc

("Tavistock" or the "Company")

 

Transaction in own shares and total voting rights

 

21 February 2022

 

Tavistock announces that, on 21 February 2022, in accordance with the authority granted by shareholders at the Company's General Meeting held on 23 July 2021 and as signalled in the Company's 2021 final results announced on 7 September 2021, the Company has purchased 21,219,847 of its own ordinary shares of 1 penny each ("Ordinary Shares"), representing 3.67 % of the shares in issue, at a price of 5.85 pence per share (the "Buyback Shares").

 

The Buyback Shares will now be cancelled.

 

Once the Buyback Shares have been cancelled, the Company will have 557,677,576 Ordinary Shares in issue. Therefore, the total number of voting rights in the Company will be 557,677,576 which 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 FCA's Disclosure Guidance and Transparency Rules.

 

Assuming no further issue of Ordinary Shares, the earnings per share is expected to increase by 3.3% per Ordinary Share as a result of this transaction.

 

For further information

 

Tavistock Investments Plc

Oliver Cooke

Brian Raven

 

Tel: 01753 867000

Allenby Capital Limited (Nominated adviser and broker)

Corporate Finance: Nick Naylor, Nick Athanas, Liz Kirchner

Sales and Corporate Broking: Tony Quirke

 

Tel: 020 3328 5656

Powerscourt

Gilly Lock

Chloe Retief

 

Tel: 07711 380 007

   020 7250 1446

 

 

 

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