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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Tuesday 21 July, 2015

Teathers Financial

Operational Update

RNS Number : 5702T
Teathers Financial PLC
21 July 2015

 21 July 2015


Teathers Financial Plc


("Teathers" or the "Company")


Operational Update




Teathers, an AIM quoted Investing Company is pleased to provide shareholders with the following operational update:


Investing Policy


Since becoming an Investing Company under the AIM Rules Teathers has made a number of investments in accordance with its Investing Policy.  The Investing Policy, which was approved by Shareholders at a general meeting on 3 December 2014, is 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. Of the investments that Teathers has made to date a number, including Xtract Resources Plc, Advanced Oncotherapy Plc and Jubilee Platinum Plc, have been disposed of creating value for shareholders. Other investments, such as Kefi Minerals Plc and EMED Mining Public Limited, are viewed by the Company to be longer term investments. Teathers continues to seek out further investments which fall within the scope of its Investing Policy and will continue to update shareholders, as appropriate, in accordance with the AIM Rules.


Teathers crowd equity service and mobile app ("App")


As part of its Investing Policy, as set out in the circular to shareholders dated 12 November 2014, Teathers stated that it intended to develop a software application service to help the Company to identify market fundraisings of which it would otherwise not be aware. Teathers launched the Teathers crowd equity app at the UK Investor Show 2015 held on 18 April 2015.


The App, the development of which is now predominantly being outsourced, but for which Teathers owns the intellectual property rights, is designed to provide private investors with stock market and quoted company information and importantly to enable qualified users to buy shares in initial public offerings and placings at the same price and on the same deal terms as institutional investors.


The App is free to download from iTunes Connect (Apple), Google Play and Android. It should however be noted that the offering of equity placings through the App is an activity requiring an appropriate Financial Conduct Authority ("FCA") regulated structure. To that end the Company is currently in contractual negotiations with a partner for the operation of the App, including the basis for the sharing of commissions, and anticipates that the App will be functional in the next few weeks.


Once operational, the App is intended to create a revenue stream for Teathers and will support Teathers' main investing activities under its Investing Policy. It is still intended that investment through the App by qualifying investors will be commission free.


It is further anticipated that a "white label" version of the App will be offered to financial services organisations in the future, enabling them to offer equity placings they are conducting to their private investor clients.  A number of expressions of interest have already been received in this technology and the Company believes that this could become an important source of revenue for Teathers in the future.




In order to progress the Company's Investing Policy and the development of its App, Oliver Fattal has become more involved in the day to day operations of Teathers and its investment activities.  Oliver Fattal, who has been on the Board of the Company in various capacities since March 2011, most recently and since 16 December 2013 as a Non-Executive Director, is therefore being appointed, with immediate effect, as the Company's part-time Chief Operating Officer, an Executive Director position as opposed to his previous Non-Executive Director role.


To reflect Oliver Fattal's increased responsibilities as an Executive Director he will be paid a salary commensurate with his position of £45,000 per annum, such salary being backdated to 1 July 2015. The fee paid to Oliver Fattal of £15,000 for the year ended 31 October 2014 will be offset against Oliver's salary for the year ended 31 October 2015.


The Board is aware that given Oliver Fattal's change in board position from a Non-Executive Director to an Executive Director the Company no longer has a Non-Executive Director on the board nor does it have any independent directors on the Board. The Board is therefore actively looking to appoint an independent Non-Executive Director to the Board as soon as practicable.


Interim Results


Teathers will release its unaudited interim results for the six months ended 30 April 2015 by the end of July 2015.



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: 020 7628 3396

Peterhouse Corporate Finance (Joint Broker)

Lucy Williams / Duncan Vasey 


Tel: 020 7469 0936

IFC Advisory (Financial PR and IR)

Tim Metcalfe / Graham Herring / Heather Armstrong

Tel: 020 3053 8671




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

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