TechFinancials Inc.

Report Publication Announcement • Nov 28, 2016

National Storage Mechanism | Additional information

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RNS Number : 2342Q

TechFinancials Inc.

28 November 2016

28 November 2016

TechFinancials Inc.

("TechFinancials" or the "Company" or the "Group") 

Dividend pay-out by Company's subsidiary

TechFinancials Inc. (AIM: TECH), a leading technology provider to financial trading brokers, is pleased to announce a dividend pay-out by its subsidiary, DragonFinancials.

The board of directors of DragonFinancials have declared an interim dividend pay-out of US$2,000,000, payable by 9 December 2016, in respect of the nine-month period ended 30 September 2016. Out of the total pay-out amount the Company is expected to receive US$1,020,000 in line with its 51% holding in the subsidiary.

The Board of the Company will review early in the New Year its intention to return to paying a dividend to its shareholders.

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

Further information can be found at http://techfinancials.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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