27th Jul 2017 07:00
27 July 2017 |
TechFinancials Inc.
("TechFinancials" or the "Company")
Grant of Options
TechFinancials (AIM: TECH), a software developer that supplies simplified trading solutions to online brokers, announces that under the terms of the Company's 2014 Employee Share Incentive Plan and on the recommendation of the Remuneration Committee, the Board yesterday granted options ("Options") over 1,120,000 TechFinancials' ordinary shares of US$0.0005 ("Ordinary Shares") to employees, directors and consultants to the Company at an exercise price of US$0.0915 (approximately 7 pence) per Ordinary Share. The Options have an exercise period of ten years from grant date and vesting of the Options is conditional, inter alia, on continued employment with the TechFinancials group.
Options were granted to the following directors:
Name | Number of options granted | Resultant holding of options |
Christopher Bell | 40,000 | 40,000 |
Asaf Lahav | 160,000 | 160,000 |
Hillik Nissani | 40,000 | 40,000 |
Eitan Yanuv | 40,000 | 40,000 |
The grant of the Options is designed to align the interests of directors, senior managers and key employees and consultants to the group with those of shareholders and to promote the retention of such individuals.
Following this grant of Options, the total number of options now granted over Ordinary Shares under the Company's 2014 Option Scheme is 2,437,482 (of which 484,142 have been exercised) and the total number of options and warrants in issue including 700,000 options under the Company's 2013 option scheme and 215,629 broker warrants issued on admission to AIM is therefore 2,868,969, representing 3.95 per cent of the total number of Ordinary Shares in issue. Following this grant of Options, the total number of options under the Company's 2014 Option Scheme available to be granted is 23,498.
- Ends -
Enquiries
TechFinancials Inc. Asaf Lahav, Group Chief Executive Officer Yuval Tovias, Chief Financial Officer |
www.group.techfinancials.com |
Grant Thornton UK LLP (Nominated Adviser) | |
Colin Aaronson / Samantha Harrison / Carolyn Sansom | Tel: +44 (0) 20 7383 5100 |
Northland Capital Partners Limited (Broker) | |
Patrick Claridge / David Hignell / John Howes | Tel: +44 (0) 20 3861 6625 |
Peterhouse Corporate Finance (Joint Broker) | |
Lucy Williams / Eran Zucker | Tel: +44 (0) 20 7469 0932 |
Yellow Jersey PR Limited (Media Relations) Felicity Winkles / Alistair de Kare-Silver
| Tel: +44 (0) 7825 916 715
|
About TechFinancials
TechFinancials plc (AIM: TECH) is a leading innovator and supplier of financial trading solutions for retail clients. The Group operates a B2B division licensing white label software solutions to online brokers. In addition, the Company operates a B2C division operating trading platforms worldwide and incorporating a strategic joint venture focusing on solutions for traders in the Asia Pacific region.
Further information can be found at http://techfinancials.com.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Christopher Bell | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chairman | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| TechFinancials Inc.
| |||
b)
| LEI
| 213800I5OKKV1D59JY51 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Options over Ordinary Shares
| |||
Identification code | VGG870911077 | ||||
b)
| Nature of the transaction
| Grant of Options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 40,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 26 July 2017 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Asaf Lahav | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Executive Officer | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| TechFinancials Inc.
| |||
b)
| LEI
| 213800I5OKKV1D59JY51 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Options over Ordinary Shares
| |||
Identification code | VGG870911077 | ||||
b)
| Nature of the transaction
| Grant of Options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 160,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 26 July 2017 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Hillik Nissani | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-Executive Director | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| TechFinancials Inc.
| |||
b)
| LEI
| 213800I5OKKV1D59JY51 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Options over Ordinary Shares
| |||
Identification code | VGG870911077 | ||||
b)
| Nature of the transaction
| Grant of Options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 40,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 26 July 2017 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Eitan Yanuv | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-Executive Director | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| TechFinancials Inc.
| |||
b)
| LEI
| 213800I5OKKV1D59JY51 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Options over Ordinary Shares
| |||
Identification code | VGG870911077 | ||||
b)
| Nature of the transaction
| Grant of Options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 40,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 26 July 2017 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
Related Shares:
TECH.L