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EXCLUSIVE Teathers Financial – shareholder action group to requisition EGM on Wednesday to sack board

By Tom Winnifrith | Sunday 15 May 2016


 


This Wednesday shareholders in Teathers Financial (TEA) plan to requisition an EGM to seek replacement of the board, we can reveal. With the company facing imminent delisting for failing to fulfil its investment policy, shareholders are left with two options. They can either back the old board to deliver its mystery £1million investment into the private company or they can back the action group to salvage what value it can from the wreckage of the PLC.


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