9th Mar 2015 08:26
LONDON (Alliance News) - Shares in AIM-listed investing company Teathers Financial PLC were given a boost on Monday morning after the company said it has raised GBP100,000 via a share placing at a premium.
Teathers said it has raised the capital via the issue of 2.5 million shares at 4 pence per share, an 18.5% premium to Teathers' closing mid-market price on Thursday. Teathers shares were up 7.7% to 3.50 pence on Monday, one of the best performers in the AIM All-Share.
The proceeds will be used to back its investing policy, though which it will look to invest in AIM-listed companies.
The placing was handled by Peterhouse Corporate Finance Ltd, Teathers' joint broker.
By Sam Unsted; [email protected]; @SamUAtAlliance
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