On May 6, 2015 Tavistock Investments PLC, an AIM-listed financial services group, acquired Cornwall-based Duchy Independent Financial Advisers for £350,000.
The acquisition provides for £220,000 of the acquisition price to be paid for in cash and the remaining £130,000 to be provided in shares. It also includes a deferred payment of £156,000, which is contingent on certain performance criteria. Duchy Independent Financial Advisers, which has net assets of £195,000, will become a subsidiary of Tavistock Partners, the advice arm of Tavistock Investments PLC.
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