21 Dec 2017 07:00
21 December 2017
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 27,210 options pursuant to the 2014 employee share option plan, to acquire 7,228 ordinary shares of US$0.0005 (Ordinary Shares") in the Company in consideration for the cancellation of the balance of 19,982 options.
Application has been made for the 7,228 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 28 December 2017 ("Admission").
Total Voting Rights
Following Admission, the issued share capital of the Company will comprise 72,549,394 Ordinary Shares with voting rights attached (one vote per share). The Company does not hold any shares in treasury. This figure of 72,549,394 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 considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release.
For further information:
TechFinancials, Inc. | |
Asaf Lahav, Group Chief Executive Officer | |
Yuval Tovias, Chief Financial Officer | https://techfinancials.com/ |
Grant Thornton UK LLP (Nominated Adviser) | |
Colin Aaronson / Samantha Harrison / Carolyn Sansom | Tel: +44 (0) 20 7383 5100 |
Northland Capital Partners Limited (Broker) | |
Patrick Claridge/ 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 plc (AIM: TECH) is a leading innovator and supplier of 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 platforms worldwide and incorporating a strategic joint venture focusing on solutions for traders in the Asia Pacific region.
Further information can be found at http://techfinancials.com.
TECH.L (TECH)