ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

TEA Teathers Fin

2.25
0.00 (0.00%)
17 Jun 2024 - Closed
Delayed by 15 minutes
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

Teathers Financial PLC TFSL offers first IPO through the Teathers App (7446C)

20/10/2015 7:00am

UK Regulatory


Teathers Fin (LSE:TEA)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Teathers Fin Charts.

TIDMTEA

RNS Number : 7446C

Teathers Financial PLC

20 October 2015

Teathers Financial Plc / Index: AIM / Epic: TEA / Sector: Investment

20 October 2015

Teathers Financial Plc ('Teathers' or 'the Company')

TFSL offers first IPO through the Teathers App

Teathers Financial Plc, the AIM listed investment company, is pleased to announce that the first Initial Public Offering ('IPO') has been offered by FCA regulated Shard Capital Partners LLP ('Shard Capital') via The Teathers App ('the App'), which is operated by the Company's fully owned subsidiary, Teathers Financial Software Limited ("TFSL"), is available to private investors today. This represents the first IPO, worldwide, to be offered through a mobile application provided and developed by TFSL.

All qualified users who have downloaded the App, free-of-charge and on-boarded, will be able to participate in the IPO at the same price and on the same deal terms as institutional investors. The IPO of Leni Gas Cuba Limited ('LGC'), a company focused on developing projects or businesses with connections to, or relationships in Cuba, has been made available to users of the App, at which point those that have expressed interest in this type of deal flow, will be notified through a pop-up message on their phone. In order to participate in this IPO, and all future transactions offered on the App, users will need to on-board through the App. The IPO has been sourced and provided on an execution only basis by Shard Capital who provide the on-boarding services, the regulatory compliance features and the custodial support framework.

Teathers' Executive Chairman Jason Drummond said, "The launch of the first IPO through the Teathers App is a milestone achievement not only for TFSL, but also for private investors who for the first time will be able to invest in such an opportunity via a mobile application, at the same price levels as institutions. We believe that this will be the first of many transactions available through the Teathers App, that have been sourced by Shard Capital and we are hopeful that as TFSL begins to roll out its white label strategy, private investors will have access to further deal flow from an array of brokers across the City."

* * ENDS * *

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

 
                        Teathers Financial      +44 203 
 Jason Drummond          Plc                     021 3466 
                        Grant Thornton UK 
 Colin Aaronson          LLP                    +44 20 7383 
  / Jamie Barklem        (Nominated Adviser)     5100 
                        Peterhouse Corporate 
 Lucy Williams /         Finance                +44 20 7469 
  Duncan Vasey           (Broker)                0936 
 Charlotte Heap         St Brides Partners      +44 20 7236 
  / Elisabeth Cowell     Limited                 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

END

MSCLLFLRIALALIE

(END) Dow Jones Newswires

October 20, 2015 02:00 ET (06:00 GMT)

1 Year Teathers Fin Chart

1 Year Teathers Fin Chart

1 Month Teathers Fin Chart

1 Month Teathers Fin Chart

Your Recent History

Delayed Upgrade Clock