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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Techfinancials Inc | LSE:TECH | London | Ordinary Share | VGG870911077 | ORD USD0.0005 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.45 | 0.40 | 0.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMTECH
RNS Number : 2027M
TechFinancials Inc.
27 July 2017
Hot Features
Premium
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 Resultant
options granted 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 Tel: +44 (0) 20
/ Carolyn Sansom 7383 5100
Northland Capital Partners Limited
(Broker)
Patrick Claridge / David Hignell Tel: +44 (0) 20
/ John Howes 3861 6625
Peterhouse Corporate Finance
(Joint Broker)
Lucy Williams / Eran Zucker Tel: +44 (0) 20
7469 0932
Yellow Jersey PR Limited (Media Tel: +44 (0)
Relations) 7825 916 715
Felicity Winkles / Alistair de
Kare-Silver
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 Initial
/Amendment
---- ------------------------------ -----------------------------------
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 Options over Ordinary Shares
the financial
instrument, type
of instrument
----
Identification VGG870911077
code
b) Nature of the Grant of Options
transaction
---- ------------------------------ -----------------------------------
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 London Stock Exchange
---- ------------------------------ -----------------------------------
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 Initial
/Amendment
---- ------------------------------ -----------------------------------
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 Options over Ordinary Shares
the financial
instrument, type
of instrument
----
Identification VGG870911077
code
b) Nature of the Grant of Options
transaction
---- ------------------------------ -----------------------------------
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 London Stock Exchange
---- ------------------------------ -----------------------------------
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 Initial
/Amendment
---- ------------------------------ -----------------------------------
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 Options over Ordinary Shares
the financial
instrument, type
of instrument
----
Identification VGG870911077
code
b) Nature of the Grant of Options
transaction
---- ------------------------------ -----------------------------------
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 London Stock Exchange
---- ------------------------------ -----------------------------------
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 Initial
/Amendment
---- ------------------------------ -----------------------------------
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 Options over Ordinary Shares
the financial
instrument, type
of instrument
----
Identification VGG870911077
code
b) Nature of the Grant of Options
transaction
---- ------------------------------ -----------------------------------
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 London Stock Exchange
---- ------------------------------ -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEQLFLDDFEBBF
(END) Dow Jones Newswires
July 27, 2017 02:00 ET (06:00 GMT)
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