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Monday 13 February, 2017

Teathers App

Teathers Financial Plc AGM Result

RNS Number : 7286W
Teathers App
13 February 2017
 

 

 

13 February 2017

 

Teathers Financial plc

("Teathers" or the "Company")

 

Teathers Financial Plc AGM Result

 

Teathers Financial Plc, the owner of the Teathers App, is pleased to announce the results of the Company's Annual General Meeting ("AGM"), held on Saturday 11 February at 11am. All resolutions passed on a show of hands.

Result of AGM

The Teathers AGM was held at Ashfords Solicitors LLP, 1 New Fetter Lane, London. The company solicitor and a number of shareholders attended the meeting. Minutes of the AGM will be made available to the Teathers Shareholder Email List and on the Company's website. The results of the AGM were as follows:

ORDINARY RESOLUTIONS

Result

1.

To receive the report and accounts for the year ended 31 October 2015 (ordinary resolution)

Passed

2.

To receive the report and accounts for the year ended 31 October 2016 (ordinary resolution)

Passed

3.

To re-elect Matthew Benjamin Turney as a Director (ordinary resolution)

Passed

4.

To re-elect Stuart Langelaan as a Director (ordinary resolution)

Passed

5.

To re-appoint Welbeck Associates Ltd as auditors (ordinary resolution)

Passed

6.

To authorise the Directors to fix the remuneration of the auditors
(ordinary resolution)

Passed

7.

To authorise the Directors to allot relevant securities (ordinary resolution)

Passed

8.

To authorise the payment of accrued Directors' fees (ordinary resolution)

Passed

9.

To fix the remuneration of the Directors (ordinary resolution)

Passed

SPECIAL RESOLUTIONS


10.

To enable the Directors to allot shares for cash without first offering them to existing shareholders (special resolution)

Passed

 

Proxy votes received

Although all resolutions were passed on a show of hands at the AGM, the table below details the proxy votes received from shareholders for each resolution. Teathers has 64,541,810 shares in issue. A total of 15,356,062 votes were cast, representing 23.43% of the company:

ORDINARY RESOLUTIONS

FOR

AGAINST

VOTES WITHHELD

1.

To receive the report and accounts for the year ended 31 October 2015 (ordinary resolution)

15,356,062

-

-

2.

To receive the report and accounts for the year ended 31 October 2016 (ordinary resolution)

15,356,062

-

-

3.

To re-elect Matthew Benjamin Turney as a Director (ordinary resolution)

15,356,062

-

-

4.

To re-elect Stuart Langelaan as a Director (ordinary resolution)

15,356,062

-

--

5.

To re-appoint Welbeck Associates Ltd as auditors (ordinary resolution)

15,356,062

-

-

6.

To authorise the Directors to fix the remuneration of the auditors
(ordinary resolution)

15,356,062

-

-

7.

To authorise the Directors to allot relevant securities (ordinary resolution)

15,356,062

-

-

8.

To authorise the payment of accrued Directors' fees (ordinary resolution)

15,356,062

-

-

9.

To fix the remuneration of the Directors (ordinary resolution)

15,028,936

-

327,126

SPECIAL RESOLUTIONS




10.

To enable the Directors to allot shares for cash without first offering them to existing shareholders (special resolution)

13,303,925

-

2,042,137

 

Ben Turney, Chief Executive Office of Teathers, commented:

"I would like to thank all shareholders for their support at the AGM. This is vindication of the work Stuart, David and I have done over the last six months to turn this company's fortunes around.

Sadly, David chose not to stand for re-election at the AGM owing to the time commitments of his career. David has contributed a great deal to the restoration of Teathers, in particular in ensuring we adopted robust corporate governance procedures and created a carefully thought out specification for redevelopment of the App. Stuart and I wish David continued success in the future and thank him for his valuable efforts. 

Confidently moving forward, Stuart and I will continue to build on the strong foundation we have put in place over the last eight months. We have a number of exciting opportunities in the pipeline and now that our strategy has received such a strong endorsement from shareholders we shall seek to accelerate Teathers' revival. We look forward to providing further updates in the near future."

 

Teathers Financial Plc

 

Ben Turney

E: [email protected]

T: +46 (0) 7697 406 06

CEO | Teathers Financial PLC

83 Ducie Street, Manchester M1 2JQ

 

Teathers App

W: www.teathersapp.com

Twitter: @teathersapp

 

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 982 companies listed on AIM. During the course of 2016 these companies raised £3.66 billion in secondary fundraisings (placements) (DATA: AIM Statistics to end Dec. 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. 

 

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 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.

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
 
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