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The Board of Tavistock announces that it has received further letters from Neil Thomas, Kathryn McKimmie, John McKimmie and the estate of Alan Raven (deceased) stating their intention to reject the possible all share offer by TEAM plc ( TEAM ) for the issued and to be issued share capital of Tavistock (the Possible Offer ).
These letters of intent (which are non-binding) represent, in aggregate, 1.47% of the Company s issued share capital and when taken with the previous letters of intent (as announced on 14 April 2021 and set out in the table below) represent 26.39% of the Company s issued share capital. As also announced on 14 April 2021, the Board of Tavistock, who beneficially own, in aggregate, 97,337,016 Tavistock Shares, representing 16.01% of the Company s issued share capital, would also not be minded to recommend or accept any offer from TEAM were one to be made at the level of the Possible Offer. Accordingly, taking the ....