TIDMTEA
RNS Number : 0303Z
Teathers Financial PLC
15 September 2015
Teathers Financial Plc / Index: AIM / Epic: TEA / Sector:
Investment
15 September 2015
Teathers Financial Plc ('Teathers' or 'the Company')
Investee company enters into its first broker licence agreement
with Shard Capital
Teathers Financial PLC ('Teathers' or the 'Company'), the AIM
listed investment company is pleased to announce that its wholly
owned investee company, Teathers Financial Software Limited
('TFSL') has signed its first broker licence agreement ('the
Agreement') with FCA regulated Shard Capital Partners LLP ('Shard
Capital') to launch the first crowd equity App powered by its
proprietary technology platform.
Overview:
-- First commercial agreement to utilise TFSL's proprietary IP and technology
-- Both parties believe the technology has the potential to
revolutionise the crowd equity arena for private investors and fund
raisers dealing in listed companies
-- The technology enables qualified users to buy shares, across
all major mobile platforms, in initial public offerings and
placings as well as on-going financial information to track
investments and sectoral trends
-- As an FCA regulated entity, Shard Capital will provide the
regulatory compliance features and custodial support to users of
the App
-- Partnership brings together two parties sharing a commitment
to level the playing field for retail investors by offering them
institutional offerings at institutional prices
-- Revenue model based on a management fee and revenue sharing agreement
-- TFSL plans to roll out the technology and white labelled Apps
on an on-going basis and discussions with additional parties are
underway
Teathers Executive Chairman Jason Drummond said, "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. TFSL's
Technology powers an App which is downloadable on all major
platforms, providing private investors with equal opportunities
through the use of technology. We are excited to have a signed our
first licence agreement with Shard and look forward to a successful
relationship."
Shard Capital CFO Toby Raincock said, "The Teathers Technology
will facilitate the provision of a ground breaking mobile
application that supports our on-going commitment to offer retail
investors access to institutional offerings, at institutional
prices. We anticipate this application will simplify access to
financial markets for a new type of investor and see this as
another major step in the development of the regulated investor
arena for private individuals."
The Agreement marks the first white label agreement for its
technology platform. This has been developed to power mobile Apps
that the Company believes will revolutionise the way in which
brokers and fund raisers connect with private investors.
The App, which is free to download from iTunes Connect (Apple),
Google Play and Android, will allow Shard Capital to seamlessly
offer its fundraising initiatives to its clients. By grouping
private investors together, the platform allows placings and IPOs
to be offered on the same terms and at the same discounted price
per share as institutional investors typically receive when
participating in quoted company placings, all under a FCA regulated
environment. The parties envisage the first App will be launched
imminently and further information is available at
www.teathers.com.
The platform also provides an Investor Channel which showcases
video and audio media outputs. This provides the user with access
to insightful information about listed companies and investment
topics. Content includes video and audio interviews from company
directors, as well as general educational pieces from sectoral
professionals. The use of video and audio enhances the users'
experience by informing them about companies' business strategy and
development in an easily digestible format. It also provides
companies looking to raise capital with the ability to increase
their profile and transparency by enabling users to access this
visual information.
Additionally, the news service allows the user to add any RSS
feed they wish, to enable them to track their stocks or areas of
interest. A selected few news feeds have been carefully chosen to
get users started and to gain an understanding of the site's
capabilities.
Under the terms of the licence agreement, TFSL has granted Shard
Capital a licence for use of the TFSL Technology/software for an
initial 12 month period. Shard Capital have an exclusivity
agreement whereby TFSL will not sign any further licensing
agreements for 120 calendar days. In return Shard Capital have
agreed to pay a licence fee as well as a monthly royalty fee based
on a percentage total of any gross revenues made by Shard Capital
from the Apps use.
It is anticipated that the Agreement will create a revenue
stream for TFSL and will support the Company's main investing
activities under its Investing Policy.
* * ENDS * *
For further information please visit www.teathers.com or
contact:
Teathers Financial +44 203 021
Jason Drummond Plc 3466
+44 207 186
Toby Raincock Shard Capital Partners 9900
Colin Aaronson Grant Thornton UK
/ LLP +44 20 7383
Jamie Barklem (Nominated Adviser) 5100
Peterhouse Corporate
Lucy Williams Finance +44 20 7469
/ Duncan Vasey (Broker) 0936
Charlotte Heap St Brides Partners +44 20 7236
Elisabeth Cowell Limited 1177
Notes:
Teathers Financial PLC is focused primarily on the investment in
AIM or unquoted companies, joint ventures or individual projects.
The Company is led by highly experienced individuals with proven
track records in the growth company arena. It considers all sectors
but is looking for stand out companies, which it believes it can
also add value to.
Amongst other investments, the Company has a 100% interest in
Teathers Financial Software Ltd, which is looking to revolutionise
the crowd equity arena for listed companies and empower private
investors. In essence it has developed proprietary technology to
provide brokers and fundraisers with a secure, seamless and
innovative platform to connect, offer and manage private investors
in Placings and IPOs, crucially on the same terms as institutional
investors. The software, which runs across all major mobile
platforms, also encourages ongoing user engagement by providing a
real-time gateway for private investors and continual information
on their portfolios. FCA regulated Shard Capital have adopted the
technology for the Teathers App to drive private investors to their
fundraising initiatives. The technology is available to be
white-labelled to brokers and fundraisers who want to engage
further with private individuals who potentially represent a
supportive pool of capital.
About Shard Capital:
Shard Capital offers a wide range of financial services
characterised by traditional values; a discreet service with all
the benefits of an internationally respected financial platform.
Its approach is highly personal and exclusively bespoke to suit
specific client requirements. With broad global networks and many
years of cross-market experience at leading financial institutions,
the team is committed to upholding its reputation for excellence
and expertise as investment professionals, by continuing to meet
and exceed expectations. Its unique offering encompasses
Professional Investor Services, Institutional Sales, Structured
Investments, Stockbroking, Wealth Management, Fund Management and
European Power Options.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGMGMLGDNGKZZ
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September 15, 2015 02:01 ET (06:01 GMT)
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