TechFinancials Inc.

Share Issue/Capital Change • Nov 6, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 7842E

TechFinancials Inc.

06 November 2015

Press Release	6 November 2015

TechFinancials Inc.

("TechFinancials Inc." or "TechFinancials" or the "Company")

Directors Dealings

TechFinancials (AIM: TECH), a software developer that supplies simplified trading solutions to online brokers, announces that, on 5 November 2015, various existing shareholders of TechFinancials, including Executive Directors and Officers of the Group Asaf Lahav, Jeremy Lange, Eyal Alon, Eyal Rosenblum, and Yuval Tovias, increased their direct shareholding in the Company by acquiring TechFinancials shares held by NetMavrik Ltd ("Netmavrik") including shares in which they were indirectly interested through their interest in NetMavrik. NetMavrik is a holding company of TechFinancials controlled by various parties, including Executive Directors and Officers of TechFinancials.

The 1,346,314 ordinary shares of US$0.0005 ("Ordinary Shares") were acquired at 14.5p per share, representing a 26.1% premium to the closing price of TechFinancials ordinary shares of 11.5p on 4 November 2015.

Shares acquired and the resultant holdings are set out below:

	Ordinary Shares Purchased	Following Transaction	Following Transaction %	Interest held via NetMavrik
Eyal Alon**	298,124	9,943,183	14.49%	20,376
Asaf Lahav**	269,830	9,084,283	13.24%	18,621
Jeremy Lange**	220,260	7,309,412	10.65%	14,976
Eyal Rosenblum**	81,594	5,241,836	7.64%	11,000
Daonit	63,233	2,179,428	3.18%	4,300
Equilibrium	225,589	4,444,250	6.48%	15,339
Ran Steinman	25,163	909,163	1.32%	1,711
Ohad Berman	6,422	515,465	0.75%	437
Gigi Levi *	36,144	1,951,964	2.84%	2,458
Avner Levenstein*	7,998	677,998	0.99%	546
Yuval Tovias**	111,957	111,957	0.16%	-

* Including shares held in trust for Employees Stock Options Plan

** Directors of the Company

Following the transfer of these shares, NetMavrik will hold 114,386 TechFinancials Ordinary Shares, including shares held by parties listed above, representing 0.167% of the total number of Ordinary Shares (68,628,222) in issue.

Asaf Lahav, Group Chief Executive Officer of TechFinancials, commented, "The Directors and Officers of TechFinancials are delighted to announce the increase in our direct shareholding in the Company.  Our agreement to purchase shares at premium to market price is further evidence of our confidence in the prospects of the Company."         

- Ends -

For further information:

TechFinancials, Inc.
Asaf Lahav, Group Chief Executive Officer	[email protected]
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
[email protected]	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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSFMMGMRKKGKZM