Tavistock Investments PLC Update re disposal of Tavistock Wealth (0549I)
09 Agosto 2021 - 9:15AM
UK Regulatory
TIDMTAVI
RNS Number : 0549I
Tavistock Investments PLC
09 August 2021
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the UK Market Abuse Regulation.
With the publication of this announcement, this information is now
considered to be in the public domain.
Tavistock Investments Plc
("Tavistock" or the "Company")
Update re disposal of Tavistock Wealth
9 August 2021
The Company announced on 14 June 2021 that it had entered into a
10-year strategic partnership with Titan Wealth Holdings Limited
("Titan"). As a part of these arrangements Titan has agreed to
acquire Tavistock Wealth Limited ("TWL") for a consideration of up
to GBP40 million in cash, together with a ten-year earn out.
Tavistock's shareholders gave their approval for the transaction
on 23 July 2021.
Tavistock is pleased to confirm that Titan has now received
change in control approval from the Financial Control Authority in
relation to its acquisition of TWL.
It is currently anticipated that formal completion of the
transaction will take place at, or around, the end of August
2021.
A further announcement will be made once completion has taken
place.
For further information:
Tavistock Investments Plc Tel: 01753 867000
Oliver Cooke
Brian Raven
Allenby Capital Limited (Nominated adviser Tel: 020 3328
and broker) 5656
Nick Naylor/Nick Athanas/Liz Kirchner
(Corporate Finance)
Tony Quirke (Sales)
Powerscourt (PR adviser to Tavistock) Tel: 07711 380
007
Gilly Lock 020 7250 1446
Chloe Retief
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END
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