27th Mar 2015 08:15
LONDON (Alliance News) - AIM-listed investing company Teathers Financial PLC shares fell in early trade Friday after the company said it has raised GBP500,000 in a discounted placing.
Teathers said it has issued 12.5 million shares at 4 pence per shares. Shares in the company were down 20% to 4.475 pence in early trade, the worst performer in the AIM All-Share.
Teathers intends to use the proceeds to back its investing policy and for general working capital purposes.
By Sam Unsted; [email protected]; @SamUAtAlliance
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