Last Trade Price
TechFinancials Inc.
(“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 |
Media enquiries:
| 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.