Last checked at 11 Mar 2010 07:00
11 March 2010
Embargoed until 07:00
First Derivatives plc
("First Derivatives" or "the Company")
Trading Update
First Derivatives (AIM:FDP.L, IEX:GYQ.I), a global technology and service provider to the capital markets industry, is pleased to announce that it expects to be able to report pre-tax profits for the year ended 28 February 2010 in line with market expectations.
The Board has considered the prospect for recommending payment of a final dividend at the time of the year end results. However, in view of the Government's tax increases from April 2010, the Board has approved payment of a second interim dividend of 4.0p per ordinary share on 31 March 2010 to holders on the register on 26 March 2010.
The Company anticipates that it will be reporting its Final Results for the twelve months ended 28 February 2010 on Monday 24 May 2010.
Enquiries:
| First Derivatives plc, | Tel. +44(0)28 3025 2242 |
| Brian Conlon, Managing Director | Web. www.firstderivatives.com |
| Graham Ferguson, Finance Director |
|
|
|
|
| Charles Stanley Securities, | Tel. +44 (0)20 7149 6000 |
| Nominated Advisor |
|
| Russell Cook |
|
| Carl Holmes |
|
|
|
|
| Goodbody Stockbrokers, | Tel. +353 1 667 0420 |
| IEX Advisor |
|
| Diane Hodgson |
|
| Linda Hickey |
|
| Finbarr Griffin |
|
|
|
|
| ICIS Limited, | Tel. +44 (0)20 7651 8688 |
| Financial PR |
|
| Bob Huxford |
|
| Tom Moriarty |
|
About First Derivatives
Founded in 1996, First Derivatives is a specialist provider of software and consulting services to the capital markets technology sector. The Company's Delta product suite includes enterprise risk, algorithmic/program trading and data management solutions which deliver true real-time performance.
First Derivatives currently employs over 400 people worldwide and counts many of the world's top investment banks and hedge funds as its customers. It has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto and Hong Kong.