TIDMTECH

RNS Number : 4303Z

TechFinancials Inc.

10 January 2020

10 January 2020

Techfinancials, Inc

("TechFinancials" or the "Company")

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.

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 
 Yuval Tovias, Chief Financial Officer 
 
 
 Grant Thornton UK LLP (Nominated Adviser)     Tel: +44 (0) 20 7383 
                                                5100 
 Colin Aaronson / Samantha Harrison / Seamus 
  Fricker 
 
 
 Peterhouse Capital Limited (Broker and   Tel: +44 (0) 20 7469 
  NEX Corporate Adviser)                   0930 
 Lucy Williams / Eran Zucker

Media enquiries:

 
 Yellow Jersey PR Limited (Media Relations)   Tel: +44 (0) 7747 
                                               788 221 
 Charles Goodwin

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ROMFIFFALTIILII

(END) Dow Jones Newswires

January 10, 2020 05:09 ET (10:09 GMT)

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