TechFinancials Inc. Exercise of Options and Issue of Equity (5234N)
May 09 2018 - 7:08AM
UK Regulatory
TIDMTECH
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
END
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