28 October 2019

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TechFinancials, Inc.

 

(“TechFinancials” or the “Company” or the “Group”)

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Update re. Sale of Shareholding in Subsidiary 

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TechFinancials (AIM: TECH), a fintech software provider of financial solutions including blockchain-based digital assets and traditional financial trading solutions for retail clients, provides the market with an update relating to the sale of its shareholding in MarketFinancials Limited (“MF”). Further to the announcements made on 28 June 2019, 30 August 2019 and 30 September 2019, the Company is pleased to announce the completion of a share purchase agreement to sell its entire holdings in MF, a non-core loss-making asset, to M&N Equity Research Ltd. for €100,000.

 

 

As previously announced, the Company has already received the payment of the purchase price in full in advance of completion.

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.