Information  X 
Enter a valid email address
  Print      Mail a friend       More announcements

Tuesday 17 January, 2017

Teathers App

Launch of Live Market Bookbuild service

RNS Number : 3306U
Teathers App
17 January 2017
 

17 January 2016

 

Teathers Financial plc

("Teathers" or the "Company")

 

Teathers App launches Live Market Bookbuild service

 

The Teathers App, the unique mobile app designed to give private investors access to placements, is pleased to announce the launch of its Live Market Bookbuild service. This service will enable companies to raise money from private investors during market hours, through a pre-announced transaction. Only onboarded users of the Teathers App will be able to participate in Live Market Bookbuilds.

Live Market Bookbuilds

Live Market Bookbuilds will operate very simply.

Prior to launching a Live Market Bookbuild the company raising money will issue a market announcement that it plans to offer a Live Market Bookbuild through the Teathers App. This announcement will contain:

·    Details of the maximum number of shares on offer

·    Details of the terms of the deal, including price

·    Details of any associated financial incentives e.g. warrants

·    Timescale for the Live Market Bookbuild, including start date and time and closing date and time

Only onboarded users of the Teathers App will be able to participate in Live Market Bookbuilds.

Becoming an onboarded user of the Teathers App

The Teathers App is available for free download for iOS smartphone devices from the iTunes App Store (https://itunes.apple.com/gb/app/teathers/id973433084).   New users can on-board from within the App. 

Shard Capital is the broker supporting the re-launch of the Teathers App. By completing the onboarding process, users of the Teathers App set up an execution only brokerage account with Shard Capital. Shard Capital is regulated by the FCA.

Becoming an onboarded user of the Teathers App is simple. Only onboarded users can participate in deals offered through the Teathers App. To become an onboarded user of the Teathers App, download the App from the App Store and complete the account application process.

A version of the Teathers App will be released to Google Play in Q1 2017.

 

Ben Turney, Chief Executive Office of Teathers, commented:

"The introduction of the Live Market Bookbuild service is entirely in keeping with Teathers' strategy of helping to level the playing field for the funding of publicly owned companies in favour of private investors.

The great advantage of the Live Book Build service is that it can be conducted in the market immediately after a company raises money through a placement, in an open and transparent manner. Existing shareholders will be able to participate in deals on the same terms as placement participants. They will be able to manage their dilution fairly, as well as benefit from any additional financial incentives offered.

This is not only an excellent innovation for the market, but also a step in the right direction towards helping safeguard the interests of existing shareholders."

 

Teathers App

W: www.teathersapp.com

Twitter: @teathersapp

 

Teathers Financial Plc

 

Ben Turney

E: [email protected]

T: +46 (0) 7697 406 06

CEO | Teathers Financial PLC

83 Ducie Street, Manchester M1 2JQ

 

 

About the Teathers App

The Teathers App is a unique mobile app, designed to give all private investors access to placements & Initial Public Offerings (IPOs), predominantly on the London Stock Exchange's Alternative Investment Market (AIM). There are currently 993 companies listed on AIM. During the course of 2016 these companies have so far raised £3.27 billion in secondary fundraisings (placements) (DATA: AIM Statistics to end Nov. 2016). 

The Teathers App is an execution only platform. When an AIM-listed company raises money, "onboarded" users of the Teathers App have the opportunity to participate in the placement on the same terms as other insiders. An "onboarded" user of the Teathers App is one who has already opened a brokerage account with Shard Capital. Shard Capital is the broker supporting the re-launch of the Teathers App and provides the necessary environment, including compliance oversight and client identification. Shard Capital is regulated by the FCA. 

The Teathers App is currently available in the App Store.  A version of the Teathers App will be released in Google Play in Q1 2017.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAUBSBRBBAAARR

a d v e r t i s e m e n t