TechFinancials Inc. Dividend Pay-Out By Company Subsidiary (6640M)

TIDMTECH

RNS Number : 6640M

TechFinancials Inc.

01 August 2017

 
 1 August 2017 
 

TechFinancials Inc.

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

Dividend pay-out by Company subsidiary, DragonFinancials

TechFinancials to receive US$1,020,000

TechFinancials Inc. (AIM: TECH), a leading provider of financial trading solutions for retail customers, announces that DragonFinancials, the Company's 51% owned subsidiary and operator of its B2C trading platform focused on the Asia Pacific Region, has declared an interim dividend pay-out of US$2,000,000, payable by 20 August 2017, in respect of the six-month period ended 30 June 2017. Out of the total interim dividend payout of US$2,000,000, TechFinancials is expected to receive US$1,020,000 in line with its 51% holding in the subsidiary.

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

August 01, 2017 02:02 ET (06:02 GMT)