Payment of Deferred Consideration

RNS Number : 6913W

Tavistock Investments PLC

28 April 2016

 

Tavistock Investments plc

Payment of Deferred Consideration

28 April 2016

On 13 February 2015 Tavistock Investments Plc ("Tavistock" or "Company") completed the acquisition of Standard Financial Group Limited together with its two operating subsidiaries Financial Limited and Investments Limited ("Standard").

Tavistock has today allotted 10,057,938 new ordinary shares of 1p each in the capital of the Company to the vendors of Standard in full settlement of the £434,000 deferred consideration provisions contained in the Sale and Purchase Agreement.

Application will be made for these shares to be admitted to trading on AIM with effect from 6 May 2016.  Following admission, the Company will have a total of 346,106,708 Ordinary Shares in issue.

For further information:

Tavistock Investments plc                                                                                                              Tel: [phone]

Oliver Cooke, Executive Chairman

Brian Raven, Group Chief Executive

Northland Capital Partners Limited                                                                                             Tel: [phone]

William Vandyk

Matthew Johnson

WH Ireland Limited

Tim Feather                                                                                                                                       Tel: [phone]

Mark Leonard                                                                                                                                    Tel: [phone]

Templars Communications Limited                                                                                          Tel: [phone]

Kitty Parry

Kate Boothman Meier

 

END

 

 

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