Transaction in Own Shares

RNS Number : 1963M

Tavistock Investments PLC

20 September 2021

 

Tavistock Investments Plc

("Tavistock" or the "Company")

Transaction in own shares

20 September 2021

Tavistock announces that on 17 September 2021, in accordance with the authority granted by shareholders at the Company's General Meeting on 23 July 2021 and as signalled in the Company's 2021 final results announced on 7 September 2021, the Company purchased 28,898,378 of its own ordinary shares of 1 penny each ("Ordinary Shares"), representing 4.75% of the shares in issue, at a price of 4.7 pence per share (the "Buyback Shares").

These shares will now be cancelled.

Once the Buyback Shares have been cancelled, the Company will have 578,897,423 ordinary shares in issue. Therefore, the total number of voting rights in the Company will be 578,897,423 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 shares, Earnings Per Share (EPS) for each remaining share in issue will increase by 4.6% as a consequence of this transaction.

For further information Tavistock Investments Plc Oliver Cooke Brian Raven Tel: [phone] Allenby Capital Limited (Nominated adviser and broker) Corporate Finance: Nick Naylor, Nick Athanas, Liz Kirchner Sales and Corporate Broking: Tony Quirke Tel: [phone] Powerscourt Gilly Lock Chloe Retief Tel: [phone]        020 7250 1446

 

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