Business
Issue of Equity
Issue of Equity.
About this update from Tavistock Investments Plc
[{"type":"text","content":"\n \nRNS Number : 7095X Tavistock Investments PLC 23 February 2017 \n\nTavistock Investments Plc \nIssue of Equity\n23 February 2017\nTavistock 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\").\nAs a result, the Company has today issued to each of Mr Cooke and Mr Raven 22,927,017 new Ordinary Shares.\nThe interests of Mr Cooke and Mr Raven in the share capital of the Company following this issue are:\n\n\n\n\n\n\n\nOrdinary Shares\n\n\n%\n\n\nOptions to subscribe for Ordinary Shares\n\n\n\n\nOliver Cooke\n\n\n25,388,556\n\n\n4.76%\n\n\n1,600,000\n\n\n\n\nBrian Raven\n\n\n62,319,379\n\n\n11.68%\n\n\n1,600,000\n\n\n\n\n \nApplication will be made for the 45,854,034 new Ordinary Shares to be admitted to trading on AIM with effect from 1 March 2017.\n \nUpon 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.\n \nFor further information:\nTavistock Investments plc Tel: 01753 867000\nOliver Cooke, Executive Chairman\nBrian Raven, Group Chief Executive\n \nNorthland Capital Partners Limited Tel: 020 3861 6625\nWilliam Vandyk\nMatthew Johnson\n \nAllenby Capital Limited &...