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Teathers Financial (TEA)

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Friday 25 September, 2015

Teathers Financial

Exercise of Warrants

RNS Number : 2893A
Teathers Financial PLC
25 September 2015
 

 

25 September 2015

 

Teathers Financial Plc

("Teathers" or the "Company")

 

Exercise of Warrants

 

Teathers announces that on 25 September 2015 it received notice to exercise warrants over 250,000 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, 250,000 new Ordinary Shares in settlement of this exercise (the "Warrant Exercise"). 

 

On 24 September 2015, the Company announced an exercise of warrants that was believed to be the final subscriptions relating to the 3 pence warrants that were associated with the placing dated 23 September 2014.  However, a warrant holder informed the Company today that they had chosen to exercise a further tranche of their remaining warrants.

 

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 October 2015.

 

Following the Warrant Exercise, the Company's issued share capital will consist of 64,541,810 Ordinary Shares with voting rights. There are no Ordinary Shares held in treasury. This number 64,541,810 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.

 

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For further information please visit www.teathers.com or contact:

 

Jason Drummond

Teathers Financial Plc

+44 203 021 3466

Colin Aaronson /

Jamie Barklem

Grant Thornton UK LLP

(Nominated Adviser)

+44 20 7383 5100

Lucy Williams / Duncan Vasey

Peterhouse Corporate Finance

(Broker)

+44 20 7469 0936

Charlotte Heap

Elisabeth Cowell

St Brides Partners Limited

+44 20 7236 1177

 

Notes:

Teathers Financial PLC is focused primarily on the investment in AIM or unquoted companies, joint ventures or individual projects.  The Company is led by highly experienced individuals with proven track records in the growth company arena.  It considers all sectors but is looking for stand out companies, which it believes it can also add value to. 

 

Amongst other investments, the Company has a 100% interest in Teathers Financial Software Ltd, which is looking to revolutionise the crowd equity arena for listed companies and empower private investors.  In essence it has developed proprietary technology to provide brokers and fundraisers with a secure, seamless and innovative platform to connect, offer and manage private investors in Placings and IPOs, crucially on the same terms as institutional investors.  The software, which runs across all major mobile platforms, also encourages ongoing user engagement by providing a real-time gateway for private investors and continual information on their portfolios.  FCA regulated Shard Capital have adopted the technology for the Teathers App to drive private investors to their fundraising initiatives.  The technology is available to be white-labelled to brokers and fundraisers who want to engage further with private individuals who potentially represent a supportive pool of capital.

 


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