TechFinancials Inc. - Grant of Options
RNS Number : 2027M
TechFinancials Inc.
27 July 2017
 

 


  27 July 2017

 

TechFinancials Inc.

 

("TechFinancials" or the "Company")

 

Grant of Options

TechFinancials (AIM: TECH), a software developer that supplies simplified trading solutions to online brokers, announces that under the terms of the Company's 2014 Employee Share Incentive Plan and on the recommendation of the Remuneration Committee, the Board yesterday granted options ("Options") over 1,120,000 TechFinancials' ordinary shares of US$0.0005 ("Ordinary Shares") to employees, directors and consultants to the Company at an exercise price of US$0.0915 (approximately 7 pence) per Ordinary Share.  The Options have an exercise period of ten years from grant date and vesting of the Options is conditional, inter alia, on continued employment with the TechFinancials group.

Options were granted to the following directors:

Name

Number of options granted

Resultant holding of options

Christopher Bell

40,000

40,000

Asaf Lahav

160,000

160,000

Hillik Nissani

40,000

40,000

Eitan Yanuv

40,000

40,000

 

The grant of the Options is designed to align the interests of directors, senior managers and key employees and consultants to the group with those of shareholders and to promote the retention of such individuals.

Following this grant of Options, the total number of options now granted over Ordinary Shares under the Company's 2014 Option Scheme is 2,437,482 (of which 484,142 have been exercised) and the total number of options and warrants in issue including 700,000 options under the Company's 2013 option scheme and 215,629 broker warrants issued on admission to AIM is therefore 2,868,969, representing 3.95 per cent of the total number of Ordinary Shares in issue.  Following this grant of Options, the total number of options under the Company's 2014 Option Scheme available to be granted is 23,498.

- Ends -

 

Enquiries

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 / 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.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Christopher Bell

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chairman

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

TechFinancials Inc.

 

b)

 

LEI

 

 

213800I5OKKV1D59JY51

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Options over Ordinary Shares

 

 

 



Identification code

VGG870911077



b)

 

Nature of the transaction

 

 

Grant of Options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

40,000







d)

 

Aggregated information




- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

26 July 2017

f)

 

Place of the transaction

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Asaf Lahav

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive Officer

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

TechFinancials Inc.

 

b)

 

LEI

 

 

213800I5OKKV1D59JY51

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Options over Ordinary Shares

 

 

 



Identification code

VGG870911077



b)

 

Nature of the transaction

 

 

Grant of Options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

160,000







d)

 

Aggregated information




- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

26 July 2017

f)

 

Place of the transaction

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Hillik Nissani

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Non-Executive Director

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

TechFinancials Inc.

 

b)

 

LEI

 

 

213800I5OKKV1D59JY51

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Options over Ordinary Shares

 

 

 



Identification code

VGG870911077



b)

 

Nature of the transaction

 

 

Grant of Options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

40,000







d)

 

Aggregated information




- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

26 July 2017

f)

 

Place of the transaction

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Eitan Yanuv

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Non-Executive Director

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

TechFinancials Inc.

 

b)

 

LEI

 

 

213800I5OKKV1D59JY51

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Options over Ordinary Shares

 

 

 



Identification code

VGG870911077



b)

 

Nature of the transaction

 

 

Grant of Options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

40,000







d)

 

Aggregated information




- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

26 July 2017

f)

 

Place of the transaction

 

 

 


This information is provided by RNS
The company news service from the
 
END
 
 
MSCEQLFLDDFEBBF ]]>