APPLICATION FOR ADMISSION TO THE NEX EXCHANGE GROWTH MARKET
(“TechFinancials, Inc.” or “the Company”)
Application for Admission to the NEX Exchange Growth Market
TechFinancials, Inc. the AIM quoted, fintech software provider of financial solutions including blockchain-based digital assets and traditional financial trading solutions for retail clients, is pleased to announce that it has applied for admission of its entire issued share capital of 84,980,979 fully paid ordinary shares of USD0.0005 (“Ordinary Shares”) to trading on the NEX Exchange Growth Market (“NEX”). Admission is expected to take place on or around 8 August 2018.
The Company sees its plan to dual list its shares on the NEX as being entirely complimentary to its AIM listing, and the Company plans to remain trading on AIM following its admission to NEX. The Directors believe that a dual listing on NEX will increase the visibility of the Company in the market; may potentially enhance liquidity for the Company’s shares; and create a solid platform on which the Directors can continue to promote the Company’s growth.
Asaf Lahav, Group Chief Executive Officer of TechFinancials:
“In conjunction with trading on AIM, we are very pleased to be joining NEX which marks a significant milestone in the Company’s growth. We believe that it will create an important opportunity for the Company to access additional sources of finance as well as raising our profile to become a leader in the market in which we operate.
“With a revised focus on blockchain trading technologies and solutions, the Company is now well positioned to attract further capital investment as we seek to deliver on our new strategy. We look forward to updating our investors and the market on the progress made over the coming months.”
For further information:
TechFinancials, Inc .Tel: +972 54 5233 943
Asaf Lahav, Group Chief Executive Officer
Yuval Tovias, Chief Financial Officer
Grant Thornton UK LLP (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Colin Aaronson / Samantha Harrison / Seamus Fricker
Northland Capital Partners Limited (Broker) Tel: +44 (0) 20 3861 6625
David Hignell / Rob Rees
Yellow Jersey PR Limited (Media Relations) Tel: +44 (0) 7747 788 22
Charles Goodwin / Felicity Winkles
TechFinancials, Inc (AIM: TECH) is a fintech software provider of financial trading solutions, including blockchain-based digital assets and traditional financial trading solutions for retail clients. The Group operates a B2B division licensing white label trading platform solutions to online brokers. In addition, the Company operates a B2C division operating trading platform incorporating a strategic joint venture focusing on solutions for traders in the Asia Pacific region.
In December 2018, the Company signed a binding agreement with Footies Tech Ltd, a ticketing venture for sports venues and teams, to license its technological blockchain infrastructure and established a new company to develop and market a blockchain based ticketing solution and event economics management system. The new venture is underway and is focused on enabling sports organisations to take full control over their ticket path once issued, including secondary market trading configuration and enforcement. The ultimate vision is to fully digitise sport clubs match day experience to economically benefit both fans and football clubs.
Additionally, TechFinancials holds a 2% interest and an option to acquire a further 90% in CEDEX, a blockchain-based on-line exchange for diamonds, which would give TechFinancials up to 92% of CEDEX or 87.4 % on a fully diluted basis.
Further information can be found at techfinancials.com.