TEA.L Regulatory News (TEA)

9 March 2015

Teathers Financial Plc

("Teathers" or the "Company")

Issue of Equity at a premium

The Company is pleased to announce that on 6 March 2015 it completed a placing raising £100,000, before expenses of £5,000, via its joint broker Peterhouse Corporate Finance Limited, of 2,500,000 new ordinary shares of 0.5p each in the Company at a price of 4p per share (the "Placing"). The placing price represents a premium of approximately 18.5% to the closing mid-market price of the Company's ordinary shares of 0.5p each in the capital of the Company ("Ordinary Shares") on 5 March 2015, being the last practicable closing mid-market price prior to the completion of the Placing.

The proceeds of the Placing will be used to increase the cash reserves of the Company and accelerate its Investing Policy 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. 

In addition, the Company has issued 750,000 new Ordinary Shares at a price of 4p per Ordinary share to satisfy certain existing liabilities amounting to £30,000 (which includes the expenses of the Placing detailed above).

Following the issue of the New Ordinary Shares, the Company's enlarged issued share capital will comprise 39,658,477 Ordinary Shares with voting rights. The Company does not hold any shares in treasury. This figure of 39,658,477 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Duncan Vasey