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Asset management group TEAM is continuing to engage with Tavistock Investment shareholders over a potential bid.
Tavistock has rebuffed previous approaches, but TEAM executive chairman Mark Clubb said his company believed there was 'appetite for change amongst Tavistock shareholders'.
TEAM said 14.6% of shareholders supported its approach.
'We are confident this figure will increase further reflecting their desire for the Tavistock board to engage with us and thereby enable us to make a formal offer for the company,' said Clubb.
At 2:31pm:
(LON:TAVI) Tavistock Investments Plc share price was 0p at 1.7p