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Exercise of Options and Issue of Equity

9 May 2018 12:08

RNS Number : 5234N
TechFinancials Inc.
09 May 2018
 

9 May 2018

 

TechFinancials, Inc.("TechFinancials, the "Company" or the "Group")

Exercise of Options and Issue of Equity

TechFinancials (AIM: TECH), a leading technology provider to financial trading brokers, is pleased to announce that former employees of TechFinancials have undertaken a cashless exercise of 40,616 options pursuant to the 2014 employee share option plan, to acquire 8,638 ordinary shares of US$0.0005 (Ordinary Shares") in the Company in consideration for the cancellation of the balance of 31,978 options

 

Application has been made for the 8,638 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 15 May 2018 ("Admission").

 

Total Voting Rights

 

Following Admission, the issued share capital of the Company will comprise 72,574,627 Ordinary Shares with voting rights attached (one vote per share). The Company does not hold any shares in treasury. This figure of 72,574,627 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 Officer

www.group.techfinancials.com

 

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
 
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