Tavistock Investments Plc
("Tavistock" or the "Company")
Transaction in Own Shares
Director Dealing
and
Total Voting Rights
11 February 2025
Tavistock announces that, in accordance with the authority granted by shareholders at a General Meeting of the Company held on 30 October 2024, it has agreed to purchase 8,600,000 of its own ordinary shares of 1 penny each (the "Buyback Shares"), representing 1.91% of the current total voting rights of the Company, at a price of 4.3 pence per ordinary share from Oliver Cooke, Non-Executive Chairman.
The Buyback Shares will initially be placed into treasury and may subsequently either be placed into a trust for the benefit of the Company's employees or cancelled. Shares placed into trust could be used to satisfy the exercise of share options without causing dilution to the Company's other shareholders.
Following the purchase of the Buyback Shares, the total number of ordinary shares in issue at today's date is 560,429,005 and following this transaction, the total number of Ordinary Shares held as treasury shares by the Company is 119,332,113. Therefore, the total number of voting rights in the Company is 441,096,892 which 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 FCA's Disclosure Guidance and Transparency Rules.
Following this transaction, Mr Cooke is interested in 22,000,000 Ordinary Shares, representing 4.99% of the total voting rights of the Company.
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For further information
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The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Oliver Cooke | ||||
| 2 | Reason for the notification
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| a) | Position/status | Non-Executive Chairman | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Tavistock Investments Plc | ||||
| b) | LEI | 21380078QEABEGTVT16 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.01 each
ISIN: GB00BLNMLS43 | ||||
| b) | Nature of the transaction | Sale of shares | ||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information - Aggregated volume - Price |
8,600,000 N/A | ||||
| e) | Date of the transaction | 10 February 2025 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
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