Last checked at 6 Jun 2014 17:10
6 June 2014
First Derivatives plc
("First Derivatives" or the "Company")
Director's Shareholding
Exercise of Share Options
First Derivatives (AIM: FDP.L, ESM: FDP.I), a leading provider of software and consulting services to the capital markets industry, is pleased to announce the issue and allotment of 443,667 new ordinary shares of 0.5p each in the Company (the "New Ordinary Shares") in respect of the exercise of share options by certain employees and directors.
The exercise of options includes 350,000 options exercised by Graham Ferguson, Chief Finance Officer. The options exercised by Mr Ferguson comprise:
Options | Exerciseprice (p) | Consideration (£) |
175,000 | 176.5 | 308,875 |
175,000 | 427 | 747,250 |
The Company has also been notified that Mr Ferguson has today sold 255,000 First Derivatives ordinary shares, which have been placed by Charles Stanley Securities with certain institutional investors, at a price of 1010 pence per share. Following the exercise of options and share sale Mr Ferguson retains a holding of 212,647 First Derivatives ordinary shares, representing 1.1 per cent of the issued share capital of the Company and options over a further 150,000 First Derivatives ordinary shares.
The Company has also been informed that Chairman Seamus Keating has today acquired 6,671 First Derivatives ordinary shares at a price of 1025 pence per share. Following the purchase Mr Keating owns 15,314 ordinary shares representing 0.08 per cent of the issued share capital of the Company.
Application has been made for the New Ordinary Shares to be admitted to trading on AIM and ESM and it is expected that admission will take place on 10 June 2014. The New Ordinary Shares will rank pari passu with the existing shares of the Company. Following this allotment, the total issued share capital of the Company will increase to 20,147,277ordinary shares.
Enquiries:
First Derivatives plc | +44(0)28 3025 2242 |
Brian Conlon, Chief Executive Officer | www.firstderivatives.com |
Graham Ferguson, Finance Director | |
Charles Stanley Securities | +44 (0)20 7149 6000 |
(Nominated Adviser & Broker) | |
Russell Cook | |
Carl Holmes | |
Goodbody Corporate Finance | +353 1 667 0420 |
(ESM Adviser) | |
Finbarr Griffin | |
Goodbody Stockbrokers (Broker) Linda Hickey | |
Walbrook PR | +44 (0)20 7933 8780 |
Bob Huxford | bob.huxford@walbrookpr.com |
Helen Cresswell | helen. cresswell@walbrookpr.com |
About First Derivatives
First Derivatives is a global provider of software and consulting services to the financial services industry. With over 18 years' experience working with leading financial institutions, it continues to deliver technologically advanced, award winning products and services that anticipate and respond to the evolving needs of global capital markets. First Derivatives currently employs over 900 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.