2 Mar 2017 07:00
2 March 2017 |
TechFinancials Inc.
("TechFinancials" or the "Company" or the "Group")
Final dividend pay-out by Company's subsidiary DragonFinancials
TechFinancials expected to receive an additional US$1,530,000
TechFinancials Inc. (AIM: TECH), a leading technology provider to financial trading brokers, is pleased to announce a final dividend pay-out by its subsidiary, DragonFinancials, the B2C trading platform focused on the Asia Pacific region.
The board of directors of DragonFinancials have declared a final dividend pay-out of US$3,000,000, payable by 15 March 2017, in respect of the year ended 31 December 2016. Out of the total pay-out amount the Company is expected to receive US$1,530,000 in line with its 51% holding in the subsidiary.
This follows the Company's announcement on 28 November 2016 that DragonFinancials declared an interim dividend pay-out of US$2,000,000, of which TechFinancials received US$1,020,000.
Commenting Asaf Lahav, CEO of TechFinancials said:
"We are delighted by the final dividend payout by DragonFinancials which takes the full dividend payout for FY2016 received by TechFinancials to $2,550,000. This underlines that performance in the Group's B2C division focused on the Asia Pacific region was solid in 2016. We remain focused on ensuring this division continues to perform well in 2017."
For further information:
TechFinancials, Inc. | |
Asaf Lahav, Group Chief Executive Officer | |
Yuval Tovias, Chief Financial Officer Jeremy Lange, Chief Operations Officer / Investor Relations | www.group.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 |
Yellow Jersey PR Limited (Media Relations) Felicity Winkles / Alistair de Kare-Silver
| Tel: +44 (0) 7825 916 715
|
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 software 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)