TechFinancials Inc. Issue of Equity (8076M)
02 May 2018 - 2:31AM
UK Regulatory
TIDMTECH
RNS Number : 8076M
TechFinancials Inc.
01 May 2018
1 May 2018
TechFinancials, Inc.
("TechFinancials, the "Company" or the "Group")
Issue of Equity
TechFinancials (AIM: TECH), a leading technology provider to
financial trading brokers, today is pleased to announce that Hillel
Nissani, a former director of TechFinancials has exercised an
option to acquire 16,595 TechFinancials ordinary shares of
US$0.0005 ("Ordinary Shares") under the Company's employee share
option plan, at a price of approximately US$0.346 per share.
Application has been made for the 16,595 Ordinary Shares, which
rank pari passu with the Company's existing issued Ordinary Shares,
to be admitted to trading on the AIM Market of the London Stock
Exchange ("AIM"). Dealings on AIM are expected to commence at 8:00
a.m. on or around 8 May 2018 ("Admission").
Total Voting Rights
Following Admission, the issued share capital of the Company
will comprise 72,565,989 Ordinary Shares with voting rights
attached (one vote per share). The Company does not hold any shares
in treasury. This figure of 72,565,989 may be used by shareholders
as the denominator for the calculation by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.
The information contained 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.
For further information:
TechFinancials, Inc.
Asaf Lahav, Group Chief Executive
Officer
Yuval Tovias, Chief Financial www.group.techfinancials.com
Officer
Grant Thornton UK LLP (Nominated
Adviser)
Colin Aaronson / Samantha Harrison Tel: +44 (0) 20
7383 5100
Northland Capital Partners Limited
(Broker)
David Hignell/ John Howes Tel: +44 (0) 20
3861 6625
Peterhouse Corporate Finance (Joint
Broker)
Lucy Williams / Eran Zucker Tel: +44 (0) 20
7469 0932
Media enquiries:
Yellow Jersey (Media Relations)
Charles Goodwin / Katie Bairsto Tel: +44 (0) 7748
843 871
About TechFinancials
TechFinancials, Inc (AIM: TECH) is a fintech software provider
of financial trading solutions including blockchain-based digital
assets and traditional 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 platform
incorporating a strategic joint venture focusing on solutions for
traders in the Asia Pacific region.
The Company currently holds a 2 per cent interest and an option
to acquire a further 90 per cent in Cedex Holdings Ltd ("CEDEX"), a
blockchain-based on-line exchange for diamonds, which would give
TechFinancials up to 92 per cent of CEDEX or 87.4 per cent on a
fully diluted basis.
Further information can be found at
http://techfinancials.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOELLFFRETILIIT
(END) Dow Jones Newswires
May 01, 2018 12:31 ET (16:31 GMT)
Techfinancials (LSE:TECH)
Historical Stock Chart
From Apr 2024 to May 2024
Techfinancials (LSE:TECH)
Historical Stock Chart
From May 2023 to May 2024