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RESULT OF GENERAL MEETING

10 January 2020

Techfinancials, Inc

(“TechFinancials” or the “Company” or the “Group”)

Result of General Meeting

Cancellation of admission of Ordinary Shares to trading on AIM and sole listing on the NEX Exchange Growth Market (“NEX”)

TechFinancials announces that at the General Meeting of the Company held earlier today, all resolutions were passed with the requisite majority. 

 

 

Consequently, as contemplated in the Company’s circular dated 19 December 2019 (“Circular”), the last day of dealings in TechFinancials’ Ordinary Shares will be 17 January 2020 and the admission to trading on AIM of TechFinancials’ Ordinary Shares will be cancelled at 7:00am on 20 January 2020. 

The Company’s Ordinary Shares will continue trading on NEX under the same TIDM,  TECH.

Further details of the Cancellation and Reregistration are set out in the Circular referred to above.  Capitalised terms used but not defined in this announcement have the meaning given to them in the Circular. A copy of the Circular is available on the Company’s website, 

https://group.techfinancials.com/financial-calendar/.

The Company believes the Cancellation from AIM, with NEX becoming its sole listing, is in the best interest of the business. The Company has taken the decision to make substantial adjustments to its operating structure and cost base while seeking to develop its newer blockchain based businesses. The Company looks forward to making further announcements following commencement of its sole listing on NEX.

 

For further information:

TechFinancials, Inc                                                                                                                    .Tel: +972 54 5233 943

Asaf Lahav, Group Chief Executive Officer

Peterhouse Capital Limited (NEX Corporate Adviser and Broker)                                                     +44 (0) 20 7469 0930

Guy Miller and Allie Feuerlein 

Grant Thornton UK LLP (Nominated Adviser)                                                                               Tel: +44 (0) 20 7383 5100

Colin Aaronson / Samantha Harrison / Seamus Fricker

Peterhouse Capital Limited (NEX Corporate Adviser and Broker)                                                     +44 (0) 20 7469 0930

Lucy Williams / Eran Zucker

Media enquiries:

Yellow Jersey PR Limited (Media Relations)                                                                                  Tel: +44 (0) 7747 788 22

Charles Goodwin