22 Feb 2016 12:59
22 February 2016 |
TechFinancials Inc.
( "TechFinancials" or the "Company")
Directors Dealings
TechFinancials (AIM: TECH), a software developer that supplies simplified trading solutions to online brokers, announces that various individuals and existing shareholders of TechFinancials, including Directors Asaf Lahav, Jeremy Lange and Hillik Nissani, have increased their direct shareholdings in TechFinancials through acquiring TechFinancials ordinary shares of US$0.0005 ("Ordinary Shares") in which they were indirectly interested through their interest in NetMavrik Ltd ("Netmavrik"). Following the transfer of these shares, NetMavrik no longer holds any shares of TechFinancials.
The Ordinary Shares were acquired from NetMavrik at 12.0p per share on 22 February 2016.
In addition, Asaf Lahav acquired on 22 February 2016 a further 10,000 Ordinary Shares through an on-market purchase at 11.5p per share.
Shares acquired by Directors and their resultant holdings are set out below:
Shares Purchased | Interest Following Transaction | Following Transaction % | |
Asaf Lahav | 29,549 | 9,154,546 | 13.34% |
Jeremy Lange | 20,000 | 7,329,412 | 10.68% |
Hillik Nissani | 30,000 | 30,000 | 0.04% |
- Ends -
For further information:
TechFinancials, Inc. | |
Asaf Lahav, Group Chief Executive Officer | asafl@techfinancials.com |
Yuval Tovias, Chief Financial Officer | www.group.techfinancials.com |
Grant Thornton UK LLP (Nominated Adviser) | |
Colin Aaronson / Jen Clarke/ Carolyn Sansom | Tel: +44 (0) 20 7383 5100 |
Northland Capital Partners Limited (Broker) | |
Patrick Claridge/ David Hignell/ John Howes | Tel: +44 (0) 20 7382 1100 |
Peterhouse Corporate Finance Limited (Joint Broker) | |
Lucy Williams / Eran Zucker | Tel: +44 (0) 20 7469 0932 |
Media enquiries:
Abchurch Communications Limited | |
Jamie Hooper / Canace Wong | Tel: +44 (0) 20 7398 7719 |
TechFinancials@abchurch-group.com | www.abchurch-group.com |
Notes to editors:
TechFinancials was formed in 2009 to create a simplified trading solution for online brokers wanting to provide a platform for retail customers to trade in Binary Options. TechFinancials' platform is based on a proprietary pricing engine, which enables online brokers to price and market short-term Binary Options and Exotic Options. In 2014, around 18% of all deposits which are made to trade Binary Options globally were processed using TechFinancials' software. In early 2014, TechFinancials began to focus on the Asian market, securing distribution in Japan and China.