Tavistock Investments PLC Issue of Equity (7095X)
24 February 2017 - 1:00AM
UK Regulatory
TIDMTAVI
RNS Number : 7095X
Tavistock Investments PLC
23 February 2017
Tavistock Investments Plc
Issue of Equity
23 February 2017
Tavistock Investments Plc ("Tavistock" or the "Company") the
financial services business, announces that, following the general
meetings held on 22 February, Oliver Cooke, Chairman, and Brian
Raven, Chief Executive, have today exercised their right to convert
the G Ordinary Shares held by them, into ordinary shares of 1p each
in the Company ("Ordinary Shares").
As a result, the Company has today issued to each of Mr Cooke
and Mr Raven 22,927,017 new Ordinary Shares.
The interests of Mr Cooke and Mr Raven in the share capital of
the Company following this issue are:
Ordinary Shares % Options to
subscribe for
Ordinary Shares
-------- ---------------- ------- -----------------
Oliver
Cooke 25,388,556 4.76% 1,600,000
-------- ---------------- ------- -----------------
Brian
Raven 62,319,379 11.68% 1,600,000
-------- ---------------- ------- -----------------
Application will be made for the 45,854,034 new Ordinary Shares
to be admitted to trading on AIM with effect from 1 March 2017.
Upon admission of these shares to trading on AIM, the Company's
issued share capital will comprise 533,614,616 Ordinary Shares with
each share carrying the right to one vote. No Ordinary Shares are
held in treasury and accordingly, the figure of 533,614,616
Ordinary Shares 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 Financial Conduct Authority's Disclosure and
Transparency Rules.
For further information:
Tavistock Investments plc Tel: 01753 867000
Oliver Cooke, Executive Chairman
Brian Raven, Group Chief Executive
Northland Capital Partners Limited Tel: 020 3861 6625
William Vandyk
Matthew Johnson
Allenby Capital Limited Tel: 020 3328 5656
Nick Naylor
Nick Athanas
Templars Communications Limited Tel: 020 3642 3140
Kitty Parry
Alice Osborn
This information is provided by RNS
The company news service from the London Stock Exchange
END
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