Directors Dealings

TechFinancials Inc.

(“TechFinancials Inc.” or “TechFinancials” or the “Company”)

Directors Dealings

TechFinancials (AIM: TECH), a software developer that supplies simplified trading solutions to online brokers, announces that, on 5 November 2015, various existing shareholders of TechFinancials, including Executive Directors and Officers of the Group Asaf Lahav, Jeremy Lange, Eyal Alon, Eyal Rosenblum, and Yuval Tovias, increased their direct shareholding in the Company by acquiring TechFinancials shares held by NetMavrik Ltd (“Netmavrik”) including shares in which they were indirectly interested through their interest in NetMavrik. NetMavrik is a holding company of TechFinancials controlled by various parties, including Executive Directors and Officers of TechFinancials.

The 1,346,314 ordinary shares of US$0.0005 (“Ordinary Shares”) were acquired at 14.5p per share, representing a 26.1% premium to the closing price of TechFinancials ordinary shares of 11.5p on 4 November 2015.

Shares acquired and the resultant holdings are set out below:

Ordinary Shares Purchased Following Transaction Following Transaction % Interest held via NetMavrik
Eyal Alon**     298,124         9,943,183 14.49%      20,376
Asaf Lahav**     269,830         9,084,283 13.24%      18,621
Jeremy Lange**     220,260         7,309,412 10.65%      14,976
Eyal Rosenblum**       81,594         5,241,836 7.64%      11,000
Daonit       63,233         2,179,428 3.18%        4,300
Equilibrium     225,589         4,444,250 6.48%      15,339
Ran Steinman       25,163           909,163 1.32%        1,711
Ohad Berman         6,422           515,465 0.75%          437
Gigi Levi *       36,144         1,951,964 2.84%        2,458
Avner Levenstein*         7,998           677,998 0.99%          546
Yuval Tovias**     111,957           111,957 0.16%             –   


* Including shares held in trust for Employees Stock Options Plan

** Directors of the Company

Following the transfer of these shares, NetMavrik will hold 114,386 TechFinancials Ordinary Shares, including shares held by parties listed above, representing 0.167% of the total number of Ordinary Shares (68,628,222) in issue.

Asaf Lahav, Group Chief Executive Officer of TechFinancials, commented, “The Directors and Officers of TechFinancials are delighted to announce the increase in our direct shareholding in the Company.  Our agreement to purchase shares at premium to market price is further evidence of our confidence in the prospects of the Company.”

– Ends –

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
NEX Corporate Adviser and Joint Broker Peterhouse Corporate Finance Tel: +44 (0) 20 7469 0930
Fungai Ndoro / Eran Zucker

Media enquiries:

Yellow Jersey PR Limited (Media Relations) Tel: +44 (0) 7748 843 871
Charles Goodwin / Felicity Winkles


Use of cookies by We use cookies to deliver our online services. Details and instructions on how to disable these cookies are set out here. By clicking ‘I Accept’, you consent to our use of our cookies unless you have disables them.

I accept