21 Aug 2019 07:00
21 August 2019
TechFinancials, Inc.
Exercise of Options and Issue of Equity
TechFinancials (AIM: TECH) (the "Company" or the "Group"), a fintech software provider of financial solutions including blockchain-based digital assets and traditional financial trading solutions for retail clients, today announces that a former consultant of TechFinancials has undertaken an exercise of 700,000 of options pursuant to the 2013 employee share option plan, to acquire 700,000 ordinary shares of US$0.0005 in the Company ("Ordinary Shares") at a price of US$0.0005 per Ordinary Share.
Application has been made for the 700,000 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 23 August 2019 ("Admission").
Total Voting Rights
Following Admission, the issued share capital of the Company will comprise 85,680,979 Ordinary Shares with voting rights attached (one vote per share). The Company does not hold any shares in treasury. This figure of 85,680,979 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.
For further information:
TechFinancials, Inc. | Tel: +972 54 5233 943 |
Asaf Lahav, Group Chief Executive Officer |
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Yuval Tovias, Chief Financial Officer | https://group.techfinancials.com |
Grant Thornton UK LLP (Nominated Adviser) | Tel: +44 (0) 20 7383 5100 |
Colin Aaronson / Samantha Harrison / Seamus Fricker |
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NEX Corporate Adviser and Joint Broker Peterhouse Capital Limited | Tel: +44 (0) 20 7469 0930 |
Fungai Ndoro / Eran Zucker |
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Media enquiries:
Yellow Jersey PR Limited (Media Relations) | Tel: +44 (0) 7747 788 221 |
Charles Goodwin / Felicity Winkles |
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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.
In December 2018, the Company signed a binding agreement with Footies Tech Ltd, a ticketing venture for sports venues and teams, to license its technological blockchain infrastructure and established a new company to develop and market a blockchain based ticketing solution and event economics management system. The new venture is underway and is focused on enabling sports organisations to take full control over their ticket path once issued, including secondary market trading configuration and enforcement. The ultimate vision is to fully digitise sport clubs match day experience to economically benefit both fans and football clubs.
Additionally, TechFinancials holds a 2% interest and an option to acquire a further 90% in CEDEX, a blockchain-based on-line exchange for diamonds, which would give TechFinancials up to 92% of CEDEX or 85.92% on a fully diluted basis.
Further information can be found at http://techfinancials.com.
TECH.L (TECH)