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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Teathers Fin | LSE:TEA | London | Ordinary Share | GB00BG48FB77 | ORD 0.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.25 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMTEA
RNS Number : 2314A
Teathers Financial PLC
03 June 2016
3 June 2016
Teathers Financial Plc
("Teathers" or the "Company")
Heads of Terms Agreement for GBP1 million Investment
Further to the announcement made by the Company on 25 May 2016, the Board is pleased to announce that Teathers has now signed a definitive, non-binding, Heads of Terms agreement with an individual investor, which will substantially recapitalise the existing business and enable Teathers to accelerate its planned expansion programme.
As previously announced, the implementation of this proposed GBP1m investment into the Company (the "Proposed Investment"), will specifically enable the Company to fund further development of the Teathers app as an unquoted company, with a view to seeking a listing as soon as practically possible in the future.
Further information regarding the Proposed Investment and the Heads of Terms will be provided as part of the notice which will be sent to shareholders in respect of the General Meeting which has been requisitioned by certain shareholders, as announced on 25 May 2016.
**ENDS**
For further information please contact:
Hot Features
Premium
Teathers Financial
Jason Drummond Plc +44 203 021 3466
Charlotte Heap / Elisabeth St Brides Partners
Cowell Limited +44 20 7236 1177
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUGUWAQUPQGAW
(END) Dow Jones Newswires
June 03, 2016 12:00 ET (16:00 GMT)
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