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Teathers Financial

  • BY: Andrew Hore |
  • POSTED: 15/12/2015 |

Teathers Financial says that its app has helped to raise £15,000 for Constellation Healthcare Technology as part of its £30m placing.

This is the first placing for an existing quoted company that has gone through the Teathers app. Just like the fundraising for the Leni Gas Cuba flotation this opportunity was offered by Shard Capital.

Trading in Teathers shares was suspended at 2.25p a share on 4 December because it had not completed its investing strategy. There is six months to fulfil this strategy before Teathers could lose its quotation.

Teathers has sold its stake in Challenger Acquisitions for an average price of 50.3p a share, raising nearly £72,000 – a gain of £21,000.

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