First Day of Dealings on AIM

Corporate News

TechFinancials, Inc. (“TechFinancials”, the “Company” or the “Group”), a software developer, supplying simplified trading solutions to online brokers, and operator of its own online brokerage, is pleased to announce the commencement at 08.00 a.m. today of dealings in its Ordinary Shares on AIM, a market operated by the London Stock Exchange plc. Grant Thornton UK LLP is acting as Nominated Adviser to the Company, Northland Capital Partners Limited as Broker and Argento Capital Markets Limited are acting as Financial Adviser respectively. The Company’s ticker is TECH. The Company, together with Northland Capital Partners Limited, successfully raised approximately £3.05 million (before expenses) through the issue of 11,304,709 new ordinary shares at a price of 27 pence per ordinary share (the “Fundraising”). TechFinancials’ market capitalisation on admission, based on the placing price, is approximately £ 18.4 million. The net proceeds of the Fundraising will be used in part to help grow the TechFinancials Group businesses and brand globally by investing in the continued development of the Group’s regulatory compliant solutions for the US and Japanese markets, and the further development of the Group’s solutions in the EU market as well investing in additional marketing activities which will help increase global brand awareness. Additionally part of the proceeds will be used to help strengthen the Group’s balance sheet and to provide additional working capital as the Group will evaluate corporate development activity opportunities such as join ventures and/or acquisitions. Asaf Lahav, Group Chief Executive Officer of TechFinancials, said: “I am very pleased that TechFinancials’ shares are today admitted to AIM. TechFinancials is well placed to capitalise on the opportunities which being a publically listed company brings. “The support from new and existing investors to the transaction has been encouraging and the Board looks forward to growing long term shareholder value in line with our ambitious growth plans.”

For further information: March 16, 2015: First Day of Dealings on AIM

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


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