Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Teathers Financial (TEA)

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Monday 27 April, 2015

Teathers Financial

Disposal of Investment and App update

RNS Number : 3284L
Teathers Financial PLC
27 April 2015


27 April 2015


Teathers Financial Plc

("Teathers" or the "Company")


Disposal of Investment in TechFinancials Plc and update on App




Teathers, the AIM quoted Investing Company with an Investing Policy to invest in AIM quoted companies either on flotation, through secondary offerings or by purchasing shares in the market and unquoted companies, joint ventures or projects which the Board believes will be seeking a quotation on AIM within 12 to 18 months of such investment, is pleased to announce that on 24 April 2015 it disposed of its entire investment in TechFinancials Plc ("TechFinancials") of 379,371 ordinary shares of US$0.0005 pence each, which was made on 16 March 2015, for a total of £121,145 in cash, realising a 21.1 per cent. profit (£21,145) on its original investment.


TechFinancials is a software developer, supplying a simplified trading solution to online brokers through whom its software is used by traders worldwide. It supplies software and services to brokers in the binary options market and has recently launched its simplified FOREX trading platform in beta version. It also operates its own online broker, which enables TechFinancials to trial and evaluate products that it has under development. For the year ended 31 December 2013 TechFinancials reported an audited loss before tax of US$353,000 (31 December 2012: audited profit before tax of US$915,000) on turnover of US$8,385,000 (31 December 2012: US$8,895,000).  For the 6 month period ended 30 June 2014 TechFinancials reported an unaudited profit before tax of US$266,000 (unaudited 6 month period to 30 June 2013: loss before tax of US$862,000) on revenues of US$7,156,000 (unaudited 6 months to 30 June 2013: US$3,571,000). Unaudited net assets as at 30 June 2014 were US$2,396,000 (as at 30 June 2013: US$990,000). Further information on TechFinancials can be found on its website,


Teathers intends to use the proceeds of the disposal of its investment in TechFinancials for general working capital purposes to further its Investing Policy.


Update on App


Teathers is also pleased to announce that through the approval of its proprietary Crowd Equity Service and Mobile App ("App") the Company is developing an additional revenue stream through commission sharing with UK brokers. Teathers has commenced underwriting and securing allocations in certain initial public offerings and secondary placings through broker relationships for which the Company receives a commission ranging from 3 per cent. to 10 per cent. of the allocation underwritten. Equity in these underwritten deals is then offered on the same terms to private investors through the App (which is commission free to such private investors).



Jason Drummond, Chairman commented; "Our investment in TechFinancials produced a significant return for shareholders and is indicative of the type of IPOs that we hope to invest in alongside private investors via our App".



For further information please contact:



Teathers Financial Plc


Jason Drummond, Executive Chairman

Tel: +44 207 148 0592


Beaumont Cornish Limited (Nominated Adviser & Joint Broker)


Roland Cornish / Emily Staples

Tel: 0207 628 3396



Peterhouse Corporate Finance (Joint Broker)


Lucy Williams / Duncan Vasey 


Tel: 020 7469 0936



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

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