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Teathers Financial (TEA)

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Thursday 26 March, 2015

Teathers Financial

Exercise of Warrants

RNS Number : 6044I
Teathers Financial PLC
26 March 2015
 

 

26 March 2015

 

Teathers Financial Plc

("Teathers" or the "Company")

Exercise of Warrants

 

Teathers announces that on 26 March 2015 it received notice to exercise warrants over 3,541,666 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at an exercise price of 3p per Ordinary Share. Accordingly, the Company has issued, in aggregate, 3,541,666 new Ordinary Shares in settlement of this exercise (the "Warrant Exercise").

 

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares and application has been made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on 1 April 2015.

 

Following the Warrant Exercise, the Company's issued share capital will consist of 44,075,143 Ordinary Shares with voting rights. There are no Ordinary Shares held in treasury. This number 44,075,143 may be used by shareholders, following the Warrant Exercise,as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

 

 

 

For further information please contact:

 

Teathers Financial Plc


Jason Drummond, Executive Chairman

Tel: 0207 148 3008

 

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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