1st May 2018 17:31
1 May 2018
TechFinancials, Inc.("TechFinancials, the "Company" or the "Group")
Issue of Equity
TechFinancials (AIM: TECH), a leading technology provider to financial trading brokers, today is pleased to announce that Hillel Nissani, a former director of TechFinancials has exercised an option to acquire 16,595 TechFinancials ordinary shares of US$0.0005 ("Ordinary Shares") under the Company's employee share option plan, at a price of approximately US$0.346 per share.
Application has been made for the 16,595 Ordinary Shares, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on the AIM Market of the London Stock Exchange ("AIM"). Dealings on AIM are expected to commence at 8:00 a.m. on or around 8 May 2018 ("Admission").
Total Voting Rights
Following Admission, the issued share capital of the Company will comprise 72,565,989 Ordinary Shares with voting rights attached (one vote per share). The Company does not hold any shares in treasury. This figure of 72,565,989 may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information:
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 | Tel: +44 (0) 20 7383 5100 |
Northland Capital Partners Limited (Broker) | |
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 |
Media enquiries:
Yellow Jersey (Media Relations) | |
Charles Goodwin / Katie Bairsto | Tel: +44 (0) 7748 843 871 |
About TechFinancials
TechFinancials, Inc (AIM: TECH) is a fintech software provider of financial trading solutions including blockchain-based digital assets and traditional financial trading solutions for retail clients. The Group operates a B2B division licensing white label trading platform solutions to online brokers. In addition, the Company operates a B2C division operating trading platform incorporating a strategic joint venture focusing on solutions for traders in the Asia Pacific region.
The Company currently holds a 2 per cent interest and an option to acquire a further 90 per cent in Cedex Holdings Ltd ("CEDEX"), a blockchain-based on-line exchange for diamonds, which would give TechFinancials up to 92 per cent of CEDEX or 87.4 per cent on a fully diluted basis.
Further information can be found at http://techfinancials.com.
Related Shares:
TECH.L