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Teathers Financial (TEA)

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Thursday 02 April, 2015

Teathers Financial

Exercise of Warrants

RNS Number : 2939J
Teathers Financial PLC
02 April 2015


2 April 2015


Teathers Financial Plc

("Teathers" or the "Company")

Exercise of Warrants


Teathers announces that on 1 April 2015 it received notice to exercise warrants over 1,166,667 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, 1,166,667 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 10 April 2015.


Following the Warrant Exercise, the Company's issued share capital will consist of 59,075,143 Ordinary Shares with voting rights. There are no Ordinary Shares held in treasury. This number 59,075,143 may be used by shareholders 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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