Last checked at 31 Oct 2014 14:01
31 October 2014
First Derivatives PLC
("First Derivatives", the "Group" or the "Company")
First Derivatives secures a majority shareholding in Kx Systems in transformational deal
First Derivatives (AIM:FDP.L, ESM:FDP.I), a leading provider of software and consulting services to the financial services industry, announced on the 17 October 2014 that it had agreed to acquire up to a further 46.47% of Kx Systems ("Kx") thereby increasing the Company's shareholding to approximately 65.2% on a fully diluted basis.
In accordance with the terms of the acquisition the Company has today issued and allotted 1,247,308 new ordinary shares in the Company (the "Consideration Shares") to the vendors of Kx, which represents approximately 6.2% of the Company's issued share capital.
Application has been made to the London Stock Exchange and the Irish Stock Exchange for the Consideration Shares to be admitted to trading on AIM and ESM which is expected to be on 3 November 2014.
Enquiries:
First Derivatives plc Brian Conlon, Managing Director Graham Ferguson, Finance Director Ian Mitchell, Head of Investor Relations | +44(0)28 3025 2242 www.firstderivatives.com |
Charles Stanley Securities (Nominated Adviser and Broker) Russell Cook Carl Holmes | +44 (0)20 7149 6000 |
Goodbody Corporate Finance(ESM Adviser and Broker) Linda Hickey Finbarr Griffin | +353 1 667 0420 |
Walbrook PR Bob Huxford | +44 (0)20 7933 8780 bob.huxford@walbrookpr.com |