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Investegate |Tavistock Investment Announcements | Tavistock Investment: Update re support to reject possible offer by TEAM

    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 Board of Tavis

Investegate |Tavistock Investment Announcements | Tavistock Investment: Support to reject any possible offer by TEAM plc

  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.   CERTAIN INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 AS AMENDED BY MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.  UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.   TEAM PLC HAS NOT ANNOUNCED A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE CODE ) AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE.

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