Business
Early Settlement Agreement
Early Settlement Agreement.
About this update from Tavistock Investments Plc
[{"type":"text","content":"\n \nRNS Number : 4700U Tavistock Investments PLC 24 October 2017 \n\nEarly Settlement Agreement\n24 October 2017\nFurther to the announcement of 21 March 2016, the Company is pleased to announce that it has agreed early settlement of the performance related deferred consideration payable on the acquisition of Abacus Associates Financial Services Limited (\"Abacus\"). The Company has agreed, in full settlement, to pay a total of £1.4 million in cash to the vendors of Abacus, representing a significant discount to the anticipated payment the Company may otherwise have been required to make in July 2018. As a part of the agreement, the obligation to make a cash adjustment payment if the Company's share price does not reach 7.5 pence by July 2018 has lapsed.\n \nENDS\nEnquiries:\n\n\n\n\nTavistock Investments Plc\nOliver Cooke\nBrian Raven\n\n\nTel: 01753 867000\n \n\n\n\n\n \n\n\n \n\n\n\n\nArden Partners Plc\nWilliam Vandyk\n\n\nTel: 020 7614 5900\n\n\n\n\n \n\n\n \n\n\n\n\nAllenby Capital Limited\nNick Naylor\nNick Athanas\n\n\nTel: 020 3328 5656\n\n\n\n\n \n\n\n \n\n\n\n\nTemplars Communications Limited\nKitty Parry\nMalika Shermatova\n\n\nTel: 020 3642 3140\n \n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END AGRBGBDGIDDBGRS\n ","length":2622,"tagName":"div"}]