TechFinancials Inc.
TechFinancials Inc.
("TechFinancials" or the "Company" or the "Group")
Dividend pay-out by Company's subsidiary
TechFinancials Inc. (AIM: TECH), a leading technology provider to financial trading brokers, is pleased to announce a dividend pay-out by its subsidiary, DragonFinancials.
The board of directors of DragonFinancials have declared an interim dividend pay-out of US$2,000,000, payable by 9 December 2016, in respect of the nine-month period ended 30 September 2016. Out of the total pay-out amount the Company is expected to receive US$1,020,000 in line with its 51% holding in the subsidiary.
The Board of the Company will review early in the New Year its intention to return to paying a dividend to its shareholders.
For further information:
TechFinancials, Inc. |
|
Asaf Lahav, Group Chief Executive Officer |
|
Yuval Tovias, Chief Financial Officer Jeremy Lange, Chief Operations Officer / Investor Relations |
www.group.techfinancials.com |
Grant Thornton UK LLP (Nominated Adviser) |
|
Colin Aaronson / Samantha Harrison / Carolyn Sansom |
Tel: +44 (0) 20 7383 5100 |
Northland Capital Partners Limited (Broker) |
|
Patrick Claridge / David Hignell / John Howes |
Tel: +44 (0) 20 3861 6625 |
Peterhouse Corporate Finance (Joint Broker) |
|
Lucy Williams / Eran Zucker |
Tel: +44 (0) 20 7469 0932 |
Yellow Jersey PR Limited (Media Relations) Felicity Winkles / Alistair de Kare-Silver |
Tel: +44 (0) 7825 916 715 |
Further information can be found at http://techfinancials.com.