10th Dec 2015 11:09
LONDON (Alliance News) - AIM-listed investment company Teathers Financial PLC Thursday said it has sold 142,858 shares in Challenger Acquisitions Ltd at an average price of 50.3 pence, for a total GBP71,880.43.
Teathers said this represented a 42.3% increase on its original investment.
"This has been a highly profitable investment for Teathers thanks to the strong performance of giant observation wheel developer Challenger following the re-admission of its shares to trading this week. We wish them well in the future and are pleased to report this strong performance in line with our strategy to deliver shareholder value through our investments," said Executive Chairman Jason Drummond in a statement.
Shares in Teathers Financial were untraded Thursday. It last closed at 2.37 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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