Tavistock Investments PLC Termination of proposed acquisition (3331B)
February 10 2022 - 12:23PM
UK Regulatory
TIDMTAVI
RNS Number : 3331B
Tavistock Investments PLC
10 February 2022
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")
Termination of proposed acquisition of Morgan Financial Group
Holdings Limited
10 February 2022
Further to the announcement made by the Company on 17 January
2022, Tavistock today announces that its proposed acquisition of
Morgan Financial Group Holdings Limited (the "Transaction") will no
longer take place.
Brian Raven, Tavistock's Chief Executive, said ; "The
Transaction is no longer in Tavistock's strategic interests and
therefore will not proceed. We wish the Morgans team well with the
future development of their business."
For further information:
Tavistock Investments Plc Tel: 01753 867000
Oliver Cooke
Brian Raven
Allenby Capital Limited Tel: 020 3328 5656
(Nominated adviser and broker)
Corporate Finance:
Nick Naylor, Liz Kirchner, Freddie
Wooding
Sales and Corporate Broking:
Tony Quirke
Powerscourt Tel: 07711 380 007
Gilly Lock 020 7250 1446
Chloe Retief
About Tavistock Investments Plc
Tavistock Investments Plc is an AIM listed financial services
group that has over 175 advisers across the UK helping 40,000+
clients look after more than GBP4 billon of investments. The
Company was established in 2013.
Tavistock's advisory business operates throughout the UK. The
Tavistock Partners network supports over 130 Registered Individuals
(IFAs), providing compliance, administration, technology, training
and accounting services. The Tavistock Partnership is a network
that does the same for 30 Appointed Representative firms. Tavistock
Private Client provides wealth management and financial planning to
high-net-worth individuals.
The Tavistock Platform, launched in 2020, provides a low-cost
platform service to the Group's advisory and investment
clients.
Tavistock Asset Management ("TAM") markets the Group's
centralised investment proposition, both the ACUMEN UCITS funds and
the Group's Model Portfolio Service ("MPS"). In June 2021 the
Company announced its entry into a ten-year strategic partnership
with Titan Wealth Holdings Limited ("Titan Wealth"). Tavistock acts
as Titan Wealth's retail distribution partner. TAM retains Titan
Wealth as investment manager for the MPS.
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END
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