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(“TechFinancials” or the “Company”)
Dividend pay-out by Company’s subsidiary
TechFinancials Inc. (AIM: TECH), a leading technology provider to financial trading brokers, is pleased to announce a dividend pay-out by its subsidiary, DragonFinancials.
The board of directors of DragonFinancials have declared an interim dividend pay-out of US$2,000,000, payable by 9 December 2016, in respect of the nine-month period ended 30 September 2016. Out of the total pay-out amount the Company is expected to receive US$1,020,000 in line with its 51% holding in the subsidiary.
The Board of the Company will review early in the New Year its intention to return to paying a dividend to its shareholders.
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|
Further information can be found at http://techfinancials.com.