C A SPERATI PLC 14 April 2015
Teathers Financial Plc
("Teathers" or the "Company")
Exercise of Warrants
Teathers announces that on 13April 2015 it received notice t o exercise warrants over a total of 2,246,667 ordi nary shares of 0.5 p each in the Company ("Ordinary Sha res")of which 250,000 wereat an exercise price of 3 p per Ord i nary Share and 1,996,667 were at an exercise price of 6 p per Ord i nary Share. Accordingly, the Company h asissued, 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 thenew Ordinary Shares will commence at 8.00 a.m. on 20 April2015.
Following the Warrant Exercise, the Company's issued share capital will consist of 61,321,810Ordinary 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 theFinancial 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 |
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