15th Sep 2015 07:14
LONDON (Alliance News) - Teathers Financial PLC shares surged higher on Tuesday morning after the company said its Teathers Financial Software Ltd subsidiary has signed its first broker licence deal with Shard Capital Partners LLP.
The agreement covers the launch of the first crowd equity app powered by the Teathers unit's technology platform and is the first commercial deal for the technology. No financial details on the deal were disclosed.
"This is a milestone agreement for TFSL. We have invested significant time and capital in building a mobile solution that delivers a level playing field for private investors in financings while also providing the user with up to date stock, sector and market information," said Teathers Executive Chairman Jason Drummond.
Teathers shares were up 18% on the news to 3.09 pence, the best performer in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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