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TechFinancials Inc. - Result of General Meeting

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 AaronsonSamantha HarrisonSeamus Fricker


 

Peterhouse Capital Limited (Broker and NEX Corporate Adviser)

Tel: +44 (0) 20 7469 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 [email protected] or visit www.rns.com.
 
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ROMFIFFALTIILII

Quick facts: TechFinancials, Inc.

Price: -

Market: AIM
Market Cap: -
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