TechFinancials Inc. - Directors Dealings
RNS Number : 7576P
TechFinancials Inc.
22 February 2016
 

 


22 February 2016

 

TechFinancials Inc.

 

( "TechFinancials" or the "Company")

 

Directors Dealings

TechFinancials (AIM: TECH), a software developer that supplies simplified trading solutions to online brokers, announces that various individuals and existing shareholders of TechFinancials, including Directors Asaf Lahav, Jeremy Lange and Hillik Nissani, have increased their direct shareholdings in TechFinancials through acquiring TechFinancials ordinary shares of US$0.0005 ("Ordinary Shares") in which they were indirectly interested through their interest in NetMavrik Ltd ("Netmavrik"). Following the transfer of these shares, NetMavrik no longer holds any shares of TechFinancials.

The  Ordinary Shares were acquired from NetMavrik at 12.0p per share on 22 February 2016.

In addition, Asaf Lahav acquired on 22 February 2016 a further 10,000 Ordinary Shares through an on-market purchase at 11.5p per share.

Shares acquired by Directors and their resultant holdings are set out below:


Shares Purchased

Interest Following Transaction

Following Transaction %

Asaf Lahav

29,549

9,154,546

13.34%

Jeremy Lange

20,000

7,329,412

10.68%

Hillik Nissani

30,000

30,000

0.04%

 

- Ends -

 

For further information:

TechFinancials, Inc.


Asaf Lahav, Group Chief Executive Officer

asafl@techfinancials.com

Yuval Tovias, Chief Financial Officer

www.group.techfinancials.com

 

Grant Thornton UK LLP (Nominated Adviser)


Colin Aaronson / Jen Clarke/ Carolyn Sansom

Tel: +44 (0) 20 7383 5100

 

Northland Capital Partners Limited (Broker)


Patrick Claridge/ David Hignell/ John Howes

Tel: +44 (0) 20 7382 1100

 

Peterhouse Corporate Finance Limited (Joint Broker)


Lucy Williams / Eran Zucker

Tel: +44 (0) 20 7469 0932

 

Media enquiries:

Abchurch Communications Limited


Jamie Hooper / Canace Wong

Tel: +44 (0) 20 7398 7719

TechFinancials@abchurch-group.com

www.abchurch-group.com

 

 

Notes to editors:

 

TechFinancials was formed in 2009 to create a simplified trading solution for online brokers wanting to provide a platform for retail customers to trade in Binary Options.  TechFinancials' platform is based on a proprietary pricing engine, which enables online brokers to price and market short-term Binary Options and Exotic Options. In 2014, around 18% of all deposits which are made to trade Binary Options globally were processed using TechFinancials' software. In early 2014, TechFinancials began to focus on the Asian market, securing distribution in Japan and China.

 

 


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