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28 October 2019

TechFinancials, Inc.


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

Update re. Sale of Shareholding in Subsidiary 

TechFinancials (AIM: TECH), a fintech software provider of financial solutions including blockchain-based digital assets and traditional financial trading solutions for retail clients, provides the market with an update relating to the sale of its shareholding in MarketFinancials Limited (“MF”). Further to the announcements made on 28 June 2019, 30 August 2019 and 30 September 2019, the Company is pleased to announce the completion of a share purchase agreement to sell its entire holdings in MF, a non-core loss-making asset, to M&N Equity Research Ltd. for €100,000.



As previously announced, the Company has already received the payment of the purchase price in full in advance of completion.

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.


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

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