Follow up to Titan termination announcement

Tavistock Investments PLC

11 July 2024

 

11 July 2024

Tavistock Investments Plc

("Tavistock" or the "Company")

Follow up to Titan termination announcement

Tavistock confirms the accuracy of the announcement that it made to the market on 8 July 2024.  The table below demonstrates the unacceptable performance by Titan.

	Performance  27th Aug 22 - 4th Jan 24
	Performance vs Benchmark	Quartile Rank	Fund Rank	Percentile Rank
ACUMEN Portfolio 4	-7.89%	4th	176/177	100th
ACUMEN Portfolio 5	-8.27%	4th	177/177	100th
ACUMEN Portfolio 6	-9.72%	4th	212/215	99th
ACUMEN Portfolio 7	-11.19%	4th	214/215	100th
ACUMEN Portfolio 8	-13.51%	4th	157/159	99th
Average	-10.12%	4th		100th

Source of data: FE Analytics

 A claim against Titan has been intimated and is being progressed by Tavistock's legal representatives.

The statement made to the press by Titan on 9 July 2024 appears to reflect Titan's view of the dispute, following Tavistock's decision to terminate.  Tavistock strongly denies the suggestion of wrongful conduct and considers that Titan's allegations are false and have been put forward as a retaliatory step.

The matter is now subject to pre-action correspondence and Tavistock does not propose to comment further at this stage.

For further information: Tavistock Investments Plc Oliver Cooke Tel: [phone] Brian Raven Allenby Capital Limited (Nominated adviser and broker) Corporate Finance: Nick Naylor, Liz Kirchner, Daniel Dearden-Williams Sales and Corporate Broking: Tony Quirke Tel: [phone]

 

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