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(“TechFinancials, the “Company” or the “Group”)
Dividend pay-out by Company subsidiaries, DragonFinancials and MarketFinancials
TechFinancials to receive US$1,122,000 and US$340,000 respectively
TechFinancials (AIM: TECH), a leading technology provider to financial trading brokers, today is pleased to announce that DragonFinancials, the Company’s 51% owned subsidiary and operator of its B2C trading platform, focused on the Asia Pacific Region, has declared an interim dividend pay-out of US$2,200,000 in addition to the dividend pay-out of US$2,000,000 declared on 1 August 2017, payable by 20 January 2018, in respect of 2017. Out of the total current interim dividend payout of US$2,200,000, TechFinancials is expected to receive US$1,122,000 in line with its 51% holding in the subsidiary.
In addition, the Company announces that MarketFinancials, a fully owned subsidiary and a provider of market maker services to the group, has declared a dividend pay-out of US$340,000, payable by 20 January 2018, in respect of 2016.
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|
|Yellow Jersey PR Limited (Media Relations)||Tel: +44 (0) 7748 843 871|
|Charles Goodwin / Felicity Winkles|
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 trading platform 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.