Business
Payment of Deferred Consideration
Payment of Deferred Consideration.
About this update from Tavistock Investments Plc
[{"type":"text","content":"\n \nRNS Number : 6913W Tavistock Investments PLC 28 April 2016 \n\nTavistock Investments plc\nPayment of Deferred Consideration\n28 April 2016\nOn 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\").\nTavistock 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.\nApplication 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.\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 \nWH Ireland Limited\nTim Feather &nb...