Tavistock Investments Plc (AIM:TAVI) acquired Precise Protect Ltd for £7.03 million on April 11, 2023. £0.28 million of the consideration is to be settled through the issue of 3.571429 million new ordinary shares of 1 penny each in the capital of Tavistock Investments Plc at an issue price of 7p per share. £2.75 million of the cash consideration is being paid now, together with the issue of the Consideration Shares. The balance of the cash consideration, totalling up to some £4 million, is payable in three subsequent annual instalments, the value of each being linked to the future performance of the Precise Protect business. Tavistock has received change in control consent for the Transaction from the Financial Conduct Authority. In the year ended 31 October 2022, Precise Protect reported a profit before taxation of £1.45 million on turnover of £6.5 million and net assets of £1.23 million. Nick Naylor, Nick Athanas and Daniel Dearden-Williams of Allenby Capital Limited acted as financial advisor to Tavistock Investments Plc.

Tavistock Investments Plc (AIM:TAVI) completed the acquisition of Precise Protect Ltd on April 11, 2023.