Last Trade Price
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.”
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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 |
| 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 |