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Teathers Financial (TEA)

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Wednesday 20 May, 2015

Teathers Financial

Warrant Exercise - Correction

RNS Number : 7730N
Teathers Financial PLC
20 May 2015
 

 

20 May 2015

 

Teathers Financial Plc

("Teathers" or the "Company")

Correction

 

The following amendments have been made to the 'Exercise of Warrants' announcement released on 14 April 2015 at 7 a.m. under RNS No 0827K.

 

Teathers announces that on 13 April 2015 it received notice to exercise warrants over a total of 2,246,667 ordinary shares of 0.5p each in the Company ("Ordinary Shares") of which 250,000 were at an exercise price of 6p per Ordinary Share and 1,996,667 were at an exercise price of 3p per Ordinary Share.

 

All other details remain unchanged.

 

The full amended text is shown below.

 

Teathers announces that on 13 April 2015 it received notice to exercise warrants over a total of 2,246,667 ordinary shares of 0.5p each in the Company ("Ordinary Shares") of which 250,000 were at an exercise price of 6p per Ordinary Share and 1,996,667 were at an exercise price of 3p per Ordinary Share. Accordingly, the Company has issued, in aggregate, 2,246,667 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 20 April 2015.

 

Following the Warrant Exercise, the Company's issued share capital will consist of 61,321,810 Ordinary Shares with voting rights. There are no Ordinary Shares held in treasury. This number 61,321,810 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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