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: [phone]
Allenby Capital Limited (Nominated adviser and broker) Corporate Finance: Nick Naylor, Liz Kirchner, Freddie Wooding Sales and Corporate Broking: Tony Quirke	Tel: [phone]
Powerscourt Gilly Lock Chloe Retief	Tel: [phone]   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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