TIDMTEA

RNS Number : 7066Z

Teathers Financial PLC

31 May 2016

Teathers Financial Plc / Index: AIM / Epic: TEA / Sector: Investment

31 May 2016

Teathers Financial Plc ('Teathers' or 'the Company')

Update on publication of accounts

Resignation of nominated adviser

Cancellation of admission to AIM

On 29 April 2016, the Company announced that it intended publishing its annual accounts by 31 May 2016.

The Company announces that it will not be publishing audited accounts by today but intends to do so before the general meeting which has been requisitioned by certain shareholders as announced on 25 May 2016.

The Company also announces that its nominated adviser, Grant Thornton UK LLP, has resigned with immediate effect.

On 4 December 2015 the Company announced that its shares were being suspended from trading on AIM and that If the Company's investing policy has not been implemented within six months of suspension from trading on AIM, the admission of its ordinary shares to trading on AIM will be cancelled. The Company does not believe it will have implemented its investing policy within six months of the shares being suspended and therefore anticipates that its admission of its ordinary shares to trading on AIM will be cancelled with effect from Monday 6 June 2016.

* * ENDS * *

For further information please visit www.teathers.com or contact:

 
                        Teathers Financial    +44 203 
 Jason Drummond          Plc                   021 3466 
 Charlotte Heap         St Brides Partners    +44 20 7236 
  / Elisabeth Cowell     Limited               1177

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 31, 2016 04:30 ET (08:30 GMT)

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