ISSUE OF EQUITY
TechFinancials, Inc.
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(“TechFinancials, the “Company” or the “Group”)
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Issue of Equity
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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.
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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”).
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Total Voting Rights
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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.
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The information contained within this announcement is deemed to constitute inside information as stipulated under
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For further information:
TechFinancials, Inc .Tel: +972 54 5233 943
Asaf Lahav, Group Chief Executive Officer
Yuval Tovias, Chief Financial Officer
Grant Thornton UK LLP (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Colin Aaronson / Samantha Harrison / Seamus Fricker
Northland Capital Partners Limited (Broker) Tel: +44 (0) 20 3861 6625
David Hignell / Rob Rees
Media enquiries:
Yellow Jersey PR Limited (Media Relations) Tel: +44 (0) 7747 788 22
Charles Goodwin / Felicity Winkles
About Techfinacials
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.
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The Company currently holds a 2% interest and an option to acquire a further 90 % in CEDEX, a blockchain-based on-line exchange for diamonds, which would give TechFinancials up to 92 % of CEDEX or 87.4 % on a fully diluted basis.
Further information can be found at http://techfinancials.com.