Last checked at 23 Dec 2011 07:00
First Derivatives plc
("First Derivatives" or the "Company")
Directors' grant of options
First Derivatives (AIM: FDP.L, ESM:FDP.I), a leading provider of software and consulting services to industry global investment banks and hedge funds, is pleased to announce that, upon the recommendation of the Company's Remuneration Committee, the Board agreed on Wednesday 21 December to grant certain directors of the Company options over a total of 250,000 ordinary shares of 5p each in the Company (the "Options"). This represents approximately 1.5% of the current issued share capital of the Company.
David Anderson, Non Executive Chairman, has been granted 50,000 Options, Adrian Toner, Chief Operating Officer, has been granted 175,000 Options and Pat Brazel, Non Executive Director, has been granted 25,000 Options as detailed below:
Director | No. of Options Granted | Total No. of Options held | Shareholding in Company | % holding in Company |
David Anderson | 50,000 | 60,000 | 140,000 | 0.85 |
Adrian Toner | 175,000 | 410,000 | 10,000 | 0.06 |
Pat Brazel | 25,000 | 25,000 | - | - |
The Options are exercisable at 480 pence per ordinary share being the closing mid market price of First Derivatives ordinary shares on 20 December 2011, being the date prior to grant. The Options are exercisable between 20 December 2014 and 20 December 2021.
Enquiries:
First Derivatives plc | +44(0)28 3025 2242 |
Brian Conlon, Chief Executive | www.firstderivatives.com |
Graham Ferguson, Chief Financial Officer | |
Charles Stanley Securities(Nominated Adviser) | +44 (0)20 7149 6000 |
Russell Cook | |
Carl Holmes | |
Goodbody Corporate Finance(ESM Adviser) | +353 1 667 0420 |
Linda Hickey | |
Finbarr Griffin | |
Walbrook PR | +44 (0)20 7933 8780 |
Bob Huxford | bob@walbrookpr.com |
Fiona Henson | fiona@walbrookpr.com |
Stakeholder Communications | +44 (0) 2890 339949 |
Carl Whyte | |
John Hart |
About First Derivatives
First Derivatives is a global provider of software and consulting services to the financial services industry. With almost 16 years experience working with leading financial institutions, it continues to deliver technologically advanced products and services that anticipate and respond to the evolving needs of global capital markets.
First Derivatives currently employs over 600 people worldwide and counts many of the world's top investment banks, brokers and hedge funds as its customers. It has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto, Sydney, Dublin, Newry and Hong Kong.
For further information please visit www.firstderivatives.com