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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fd Technologies Public Limited Company | LSE:FDP | London | Ordinary Share | GB0031477770 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
14.00 | 1.11% | 1,280.00 | 1,282.00 | 1,288.00 | 1,288.00 | 1,246.00 | 1,262.00 | 113,920 | 16:35:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Cmp Processing,data Prep Svc | 296.04M | -4.01M | -0.1429 | -89.99 | 361.21M |
TIDMFDP
RNS Number : 9579P
First Derivatives PLC
23 February 2021
23 February 2021
First Derivatives plc
("FD" or the "Group")
Partial sale of Quantile Technologies holding
FD (AIM: FDP.L, Euronext Growth: FDP.I) announces that it has agreed to sell part of its investment in Quantile Technologies ("Quantile") to Spectrum Equity, a growth equity firm. Under the transaction FD will dispose of the majority of its holding in Quantile for cash consideration of GBP11m, representing a total gain of GBP10m on the initial cost of the investment (GBP7m gain on the current carrying value). Following this transaction FD will retain a minority stake in Quantile.
The investment occurred as part of FD's strategy of assisting companies that were adopting KX in new and innovative ways. Quantile utilises KX as the technology that underpins its highly successful advanced compression and risk rebalancing services and remains a valuable customer of the Group. The investment in Quantile represented FD's largest investment of this type, accounting for GBP10m of a total of GBP16m of other financial assets on the Group's consolidated balance sheet as at 28 February 2020. In the year to December 2019, Quantile reported net profit of GBP0.7m, although its performance was not consolidated as FD's holding was below 20%.
The consideration has been received and the proceeds will be used for general working capital purposes.
Enquiries
For further information please contact:
First Derivatives plc +44 (0)28 3025 Seamus Keating, Chief Executive Officer 2242 Ryan Preston, Chief Financial Officer www.firstderivatives.com Ian Mitchell, Head of Investor Relations Investec Bank plc (Nominated Adviser and Broker) Andrew Pinder Carlton Nelson +44 (0)20 7597 Sebastian Lawrence 5970 Goodbody (Euronext Growth Adviser and Broker) David Kearney Don Harrington Finbarr Griffin +353 1 667 0420 FTI Consulting Matt Dixon Dwight Burden +44 (0)20 3727 Darius Alexander 1000
About FD
FD is a global technology provider with more than 20 years of experience working with some of the world's largest finance, technology, automotive, manufacturing and energy institutions. The Group's KX technology, incorporating the kdb+ time-series database, is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. KX delivers the best possible performance and flexibility for high-volume, data-intensive analytics and applications across multiple industries. FD operates from 15 offices across Europe, North America and Asia Pacific, including its headquarters in Newry, and employs more than 2,400 people worldwide.
For further information, please visit www.firstderivatives.com and www.KX.com
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(END) Dow Jones Newswires
February 23, 2021 02:00 ET (07:00 GMT)
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