TechFinancials, Inc
("TechFinancials" or the "Company")
3 November 2025
Financial Update following AGM
Shares in Issue Clarification and Total Voting Rights
TechFinancials, Inc. (AQSE: TECH), announces that further to the AGM, held on 16 October 2025, and approval of all the resolutions, it is continuing to advance various administration issues for, amongst other things, the Board appointments, progress website design and attend to name change filings, in readiness to change to "UBUNTU MINING AND METALS, INC.".
The Company has received confirmation of the underwritten Placing proceeds of £250,000 and has received a request to increase the Placing by up to a further £100,000.
Transfer of the funds to the Company's designated bank account will be made and are expected to be cleared by the end of the week. A further announcement will be made as soon as confirmation of cleared funds are received.
Shares in Issue Clarification
Further to the AGM Circular of 17 September 2025, and as at the date of this announcement, none of the Placing Shares or the Consideration Shares have been issued. The 10,000,000 Fee Shares were issued as well as 57,142,857 Consideration Shares, that were based on a 10-day VWAP immediately prior to the AGM. The Company therefore clarifies that there are currently 173,003,836 Ordinary Shares of US$0.0005 ("Ordinary Shares") each in the capital of the Company.
The Company will therefore take steps to correct the number of Ordinary Shares that are admitted to trading on the Aquis Growth Market Stock Exchange, with the correct amount being 173,003,836.
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that it has 173,003,836 Ordinary Shares in issue, each share carrying the right to one vote.
The Company does not hold any Ordinary Shares in treasury.
The above figure of 173,003,836 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
The directors of the Company accept responsibility for the contents of this announcement.
For further information:
| TechFinancials, Inc. |
Tel: +972 54 5233 943 |
| Asaf Lahav, Executive Director |
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| Eitan Yanuv, Non-Executive Chairman |
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| Peterhouse Capital Limited (AQSE Growth Market Corporate Advisor) |
Tel: +44 (0) 20 7469 0930 |
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